Sep 2026
$356K
-1.5% year-over-year
How it’s calculated
Rolling 3-month median sale price vs. same 3 months one year prior.
Panama City, FL housing market
Panama City, FL metro median sale price $356K in Sep 2026, down 1.5% year over year. Also days on market, price cuts, affordability and ZIP-code figures.
The median sale price in the Panama City, FL metro is $356K as of Sep 2026, down 1.5% from a year earlier. The decline is steeper than in most of the 383 U.S. metros Pecan Street ranks on this measure. FHFA's repeat-sales index for the metro points the other way: up 3.1% through Q2 2026.
On median sale price, Panama City ($356K) ranks 12th of the 22 Florida metros Pecan Street tracks, between Fort Myers / Cape Coral ($356K) and Daytona Beach ($352K). On median days on market, Panama City (101 days) ranks 2nd of the 22 Florida metros, between Naples (101 days) and Crestview (98 days). On share of listings with a price cut, Panama City (29%) ranks 16th of the 22 Florida metros, between Fort Myers / Cape Coral (29%) and Punta Gorda (29%).
Listings spent a median 101 days on market in Sep 2026, the 3rd-most of the 385 metros. 29% of active listings carry a price cut, 1.8 points more than a year earlier. That share is lower than in most of the 385 metros. Median asking prices sit about 12% above the median sale price.
At the 7.29% 30-year fixed rate with 20% down, principal and interest on a median-priced home come to $1,952 a month; at 28% of gross income, that takes about $84K a year. The median sale price equals about 14 years of HUD Fair Market Rent, a ratio up 1.7% from a year earlier. That ratio is lower than in most of the 373 metros. Active listings ask a median $286 per square foot, down 11.2% from a year earlier.
In eight of the nine ZIP codes in the table below, median list prices are lower than a year earlier; one is higher.
Headline
Oct 15, 2026
7.29%
30-year fixed
Where it comes from
National benchmark: Optimal Blue OBMMI 30-year conforming, via FRED. An average of rates borrowers have actually locked, updated daily.
The same rate appears on every market page.
Principal & interest
$1,952/mo
$84K/yr income needed
How it’s calculated
Payment — this market’s median sale price with 20% down, on a 30-year fixed loan at the rate shown. Principal and interest only — no property tax, insurance, PMI or HOA.
Income needed — that payment at 28% of gross income. A rule of thumb, not a lending decision.
How Panama City compares to other U.S. metros
| Days on market | ↑3rd of 385 (top 1%) |
|---|---|
| Home-price growth | ↓338th of 383 |
| Price cuts | ↓324th of 385 |
| Asking-vs-sale gap | ↑41st of 292 (top 15%) |
| Price-to-rent | ↓262nd of 373 |
Rank across the U.S. metros Pecan Street tracks, on market data alone — a higher rank means more of that measure (more price cuts, faster price growth, a wider asking-vs-sale gap, a higher price-to-rent ratio, or more days on market). The bar shows where this metro sits within that metric’s own cohort (left is more, right is less); ↑ and ↓ mark the positions furthest from the middle, and rows are ordered the same way. Metrics without data for this metro are omitted.
Affordability
| Price-to-rent ratio | ≈ 14 +1.7% YoY ↓262nd of 373 |
|---|---|
| Asking price / sq ft | $286 -11.2% YoY |
Price-to-rent divides the median sale price by the annual HUD Fair Market Rent (a 3-bedroom, 40th-percentile benchmark), so it is a directional rent-vs-buy read, not a cap rate; its year-over-year change is directional in the same way. Asking price per square foot is the median across active for-sale listings (Realtor.com), as of Sep 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market pressure
| Listings with a price cut | ≈ 29% +1.8 pts YoY ↓324th of 385 |
|---|
The median asking price $399K runs about 12% above the median sale price $356K.
Price-cut share is the portion of active for-sale listings that have taken a price reduction (Realtor.com), as of Sep 2026. Asking is the median list price of active listings (Realtor.com, this month); sale is the headline median of recent closings (Redfin, a rolling 3-month median) — distinct sources and windows, so the gap is a directional read, not a like-for-like difference. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market facts
| ZIPs with listing data | 9 shown of 14 |
|---|---|
| MLS board of record | — |
| Price methodology | Redfin vs FHFA HPI |
| Data as of | Sep 2026 |
Recent signals
No signals flagged for this market right now.
Price reconciliation
red · 4.6ppRedfin (metro) -1.5% | FHFA HPI · Q2 2026 +3.1% |
Year-over-year home-price change from two independent methods — Redfin (monthly sold price) and FHFA (quarterly repeat-sales index). When they diverge, the market is mid-shift; cite the figure with that in mind.
More markets in FL
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Try it freeZIP-level data
| ZIP | Median list price | Active listings | New listings | Price reductions | Days on market | Home value |
|---|---|---|---|---|---|---|
| 32401 | $249K↓ | 158↑ | 40↑ | 68↑ | 88↑ | $215K↑ |
| 32404 | $320K↓ | 360↑ | 80↓ | 102↑ | 88↑ | $282K↑ |
| 32405 | $335K↓ | 148↓ | 26↓ | 58↓ | 103↑ | $288K↑ |
| 32407 | $432K↑ | 414↓ | 62↓ | 114↓ | 108↓ | $394K↓ |
| 32408 | $392K↓ | 691↓ | 88↓ | 190↓ | 108↓ | $371K↓ |
| 32409 | $414K↓ | 82↑ | 14↑ | 32↑ | 86↓ | $372K↑ |
| 32413 | $517K↓ | 698↓ | 124↓ | 194↓ | 113↓ | $470K↓ |
| 32428 | $282K↓ | 101↑ | 12↓ | 34↑ | 83↓ | $228K↑ |
| 32444 | $372K↓ | 128↑ | 36↑ | 54↑ | 73↓ | $322K↑ |
ZIP figures from Realtor.com listing data; home value from Zillow ZHVI. ZIP codes shown have the most complete listing-data history and active for-sale inventory in this metro; the latest available month is shown per ZIP. Arrows show the direction of each figure against the same three months a year earlier; no arrow means the change rounds to zero or the comparison isn't available.