32407 (Panama City Beach)
Housing Market
Median sale price $390,000, down 2.7% year over year, with homes going under contract in about 81 days.
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Housing Market Analyst
Prices are down 2.7% versus the prior year, but sellers are still collecting 92.1% of asking. Taken together, the data leans toward buyers — leverage is real for those ready to use it.
Who has leverage right now
Leverage scores are derived from the Momentum Score (supply, demand, speed, pricing power, and trend). Right now the data favors buyers.
- Mortgage sensitivity — at 4.9× income, this market is moderately sensitive to rate moves; rate relief tends to show up in demand here quickly.
Derived from current 32407 data, not a prediction or guarantee. Markets move; talk to an agent before acting on any single reading.
Where 32407 is hot — and where it isn't
Each dot is a community (110 shown, sized by sales volume rank). Click any dot to open its full neighborhood guide.
The read on 32407 (Panama City Beach)
The median sale price across 32407 currently stands at $390,000, down 2.7% from a year ago. Buyers are paying a median of $183 per square foot. The typical home goes under contract in about 81 days. Sellers are capturing 92.1% of their original asking price on average.
Zillow's home value index for Bay County stands at $346,094. About 26% of listings county-wide have taken a price cut — a useful gauge of seller flexibility.
Weighing supply, demand, speed, pricing power, and trend together, the Momentum Score for 32407 is 41 of 100 — buyer's opportunity territory. This page recalculates every day as new MLS data lands, so the numbers above reflect the market as of August 6, 2026.
32407 since 2012 — and where it’s heading
A median home here sold for $187,973 in 2012 and $414,312 over the last recorded year — 120% appreciation across 14 years of recorded sales. Cash buyers took 10% of recent sales, down from a 19% peak.
Median sale price · 2012–2026 (25,674 recorded sales)
Days on market by year
Cash buyers · share of sales
Home value trend · Bay County (Zillow ZHVI)
For-sale inventory · county (Zillow)
What’s driving 32407
Top inbound states: GA, AL, TX, AZ. Movers arriving report ~$74,894 average income. Source: IRS SOI county-to-county migration, 2022-2023
1,264 Citizens policies in force in Bay County — the state-backed insurer of last resort. Budget insurance into any Bay purchase before you fall in love with a house. Source: Citizens Property Insurance, Detail by County, April 2026
1,685 single-family · 387 multi-family · 11.4 per 1,000 residents. Future supply pressure starts here. Source: U.S. Census Bureau, Building Permits Survey, 2025
The calls we’re making from today’s data
The sharpest 1-yr median swing among tracked communities. Thin samples can exaggerate swings — verify with a comp analysis before treating it as trend.
Buyers: ask for concessions — rate buydowns and repair credits are back on the table. Sellers: presentation and the first two weekends decide your outcome; price accordingly.
Generated from today’s data by Momentum’s analysis engine and reviewed on a rolling basis by our broker team.
Nearby ZIP codes in Bay
| Market | Median | Active | Score | |
|---|---|---|---|---|
| 32407 ← this page | $390K | — | 41 | |
| 32304 | $222K | 17 | 63 | Open → |
Neighborhoods on the move
| Colony Club HrbrPanama City Beach | $540K | ▲ 25% |
| Long Beach TowersPanama City Beach | $559K | ▲ 18% |
| Venture Out Travel TrailPanama City Beach | $385K | ▲ 13% |
| Calypso TowersPanama City Beach | $535K | ▲ 12% |
| Laguna BeachPanama City Beach | $585K | ▲ 11% |
| Laguna Beach EstatesPanama City Beach | $460K | ▼ 55% |
| Majestic Beach TowerPanama City Beach | $437K | ▼ 27% |
| Grand Panama Beach ResortPanama City Beach | $415K | ▼ 26% |
| Origin At SeahavenPanama City Beach | $252K | ▼ 22% |
| Treasure CovePanama City Beach | $255K | ▼ 20% |
| Holiday BeachPanama City Beach | $473K | 5 |
| Dunes Of PanamaPanama City Beach | $458K | 20 days |
| PALM COVE PH 02Wesley Chapel | $376K | 23 days |
| Pine Forest EstatesLynn Haven | $265K | 25 days |
| Emerald Pointe ResortPanama City Beach | $190K | 30 days |
| Ocean VillaPanama City Beach | $450K | 34 days |
Cities in this ZIP
Most active communities
Put this data to work
The questions people actually ask
Should I buy a house in 32407 right now?
The data says conditions currently favor buyers in 32407 — the Momentum Score reads 41/100. For buyers that means preparation over hesitation: well-priced homes still move fast, but there is more room to negotiate than a year ago. The right timing always depends on your rate, your equity, and how long you plan to stay — not just the market.
Is 32407 becoming more affordable?
Yes, modestly — the median sale price in 32407 is $390,000, down 2.7% versus the prior year, while sellers still capture 92.1% of asking price. Softening prices plus normal-length marketing times mean affordability is improving at the margin, though financing costs matter more than list prices for most monthly payments.
Where are prices falling fastest in 32407?
Among tracked communities with enough sales to measure, the sharpest 1-year median declines are Laguna Beach Estates (-55%); Majestic Beach Tower (-27%); Grand Panama Beach Resort (-26%). Note that community-level medians move on small sale counts — a few high- or low-end closings can swing them — so treat these as leads for a comp analysis, not verdicts.
Which 32407 neighborhoods are most competitive?
Measured by speed of sale, the fastest-moving tracked communities right now are Dunes Of Panama (20 days); PALM COVE PH 02 (23 days); Pine Forest Estates (25 days) — homes there go under contract well ahead of the market-wide pace of 81 days.
32407 (Panama City Beach) housing market FAQ
What is the median home price in 32407?
The median sale price in 32407 is currently $390,000, down 2.7% from a year ago, based on MLS sales data updated August 6, 2026.
Is 32407 a buyer's or seller's market right now?
The data currently favors buyers. 32407 scores 41 of 100 on the Momentum Score. Conditions change; this page updates daily.
How long do homes take to sell in 32407?
The typical home in 32407 goes under contract in about 81 days, per current MLS data.
Are home prices in 32407 rising or falling?
Median sale prices are down 2.7% year over year based on a rolling comparison of MLS sales.
Momentum agents use this intelligence every day to price listings and write winning offers across 32407 (Panama City Beach). Talk through what the numbers mean for your move.
Every number on this page is computed directly from licensed Florida MLS feeds, recorded public sales, Zillow Research, and U.S. Census data — nothing is manually adjusted or estimated by hand. Medians use recorded closed sales; supply figures use live listing counts refreshed twice daily; the Momentum Score methodology is summarized .
Analyst oversight: Jon Brooks — Co-Founder, Momentum Realty · CEO, Momentum Research · Housing Market Analyst · methodology reviewed quarterly · Last data refresh: August 6, 2026 at 7:18 PM ET
Statistics on this page are computed automatically from licensed MLS feeds and public data sources (Zillow Research, U.S. Census Bureau) and summarized without manual review. Figures are estimates based on recent recorded activity, are deemed reliable but not guaranteed, and should be verified with a licensed agent before making decisions. This page does not constitute an appraisal or an automated valuation of any specific property. Momentum Realty is licensed in Florida and Georgia. Equal Housing Opportunity.