32408 (Panama City Beach)
Homes for Sale & Housing Market
Median sale price $412,400, with homes going under contract in about 76 days, 1,192 homes on the market.
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Housing Market Analyst
21% of listed homes are already under contract. Prices are up 0.0% versus the prior year and sellers are still collecting 93.3% 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.
- Inventory — tightening over the tracked window; watch whether that holds through the season.
- Negotiating power — buyers gain ground as 21% of inventory sits under contract.
- 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 32408 data, not a prediction or guarantee. Markets move; talk to an agent before acting on any single reading.
One inventory number hides four different markets
Months of supply = active listings ÷ monthly sales pace, bucketing communities by their recent median. 3–6 months is the balanced band.
Where 32408 is hot — and where it isn't
Each dot is a community (124 shown, sized by sales volume rank). Click any dot to open its full neighborhood guide.
The read on 32408 (Panama City Beach)
The median sale price across 32408 currently stands at $412,400, essentially flat year over year. The typical home goes under contract in about 76 days. Sellers are capturing 93.3% of their original asking price on average.
There are 1,192 active listings on the market, with 225 more already under contract.
Zillow's home value index for Bay County stands at $344,901. 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 32408 is 42 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 September 15, 2026.
32408 since 2012 — and where it’s heading
A median home here sold for $183,629 in 2012 and $420,351 over the last recorded year — 129% appreciation across 14 years of recorded sales.
Median sale price · 2012–2026 (28,029 recorded sales)
Days on market by year
Home value trend · Bay County (Zillow ZHVI)
For-sale inventory · county (Zillow)
Daily active vs pending · Bay County (MLS)
Median price · daily recalculation
What’s driving 32408
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 | |
|---|---|---|---|---|
| 32408 ← this page | $412K | 1,192 | 42 | |
| 32407 | $393K | 1,105 | 37 | Open → |
| 32413 | $445K | 1,084 | 39 | Open → |
| 32404 | $290K | 403 | 56 | Open → |
| 32405 | $280K | 213 | 56 | Open → |
| 32401 | $322K | 178 | 47 | Open → |
Neighborhoods on the move
| Wild HeronPanama City Beach | $1.14M | ▲ 42% |
| Colony Club HrbrPanama City Beach | $540K | ▲ 34% |
| Venture Out Travel TrailPanama City Beach | $385K | ▲ 17% |
| Seaclusion BeachPanama City Beach | $451K | ▲ 16% |
| Sugar Beach CondoPanama City Beach | $340K | ▲ 13% |
| Grand Panama Beach ResortPanama City Beach | $407K | ▼ 30% |
| Majestic Beach TowerPanama City Beach | $445K | ▼ 23% |
| Bay Point Studio VillasPanama City Beach | $191K | ▼ 20% |
| Emerald IslePanama City Beach | $484K | ▼ 16% |
| Hibiscus By The BayPanama City Beach | $388K | ▼ 16% |
| Laketown WharfPanama City Beach | $295K | 80 |
| Shores Of PanamaPanama City Beach | $340K | 64 |
| Sunny HillsChipley | $228K | 60 |
| Latitude At WatersoundPanama City Beach | $500K | 50 |
| Gulf Highlands Beach ResortPanama City Beach | $295K | 48 |
| SudduthsPanama City | $270K | 13 days |
| Emerald Pointe ResortPanama City Beach | $194K | 17 days |
| Dunes Of PanamaPanama City Beach | $459K | 24 days |
| Lynn HavenLynn Haven | $300K | 36 days |
| Grand Lagoon ShoresPanama City | $482K | 40 days |
Cities in this ZIP
Most active communities
Put this data to work
The questions people actually ask
Should I buy a house in 32408 right now?
The data says conditions currently favor buyers in 32408 — the Momentum Score reads 42/100. 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 32408 becoming more affordable?
No — the median sale price in 32408 is $412,400, up 0.0% versus the prior year, while sellers still capture 93.3% of asking price. Rising prices mean waiting has a cost; affordability hinges mostly on your rate.
Where are prices falling fastest in 32408?
Among tracked communities with enough sales to measure, the sharpest 1-year median declines are Grand Panama Beach Resort (-30%); Majestic Beach Tower (-23%); Bay Point Studio Villas (-20%). 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 32408 neighborhoods are most competitive?
Measured by speed of sale, the fastest-moving tracked communities right now are Sudduths (13 days); Emerald Pointe Resort (17 days); Dunes Of Panama (24 days) — homes there go under contract well ahead of the market-wide pace of 76 days.
32408 (Panama City Beach) housing market FAQ
How is the housing market in 32408 right now?
As of September 15, 2026, the 32408 housing market favors buyers: the median sale price is $412,400, 1,192 homes are for sale, and the typical home goes under contract in about 76 days.
How much is a house in 32408?
The median home sold for $412,400 in 32408 over the last 12 months; asking prices on the 1,192 current listings run from well below to well above that, and the community pages linked below show what each neighborhood actually sells for.
Is it a good time to sell a house in 32408?
By the numbers, sellers in 32408 are getting 93.3% of asking price and going under contract in about 76 days. Whether it is a good time for you depends on what you paid and where you are going next, which is a conversation with an agent, not a chart.
What is the 32408 housing market forecast?
Momentum Realty publishes the recorded trend, not a prediction: 32408 median sale prices are flat 0.0% year over year, and 21% of listings are under contract. The charts on this page update with every MLS refresh, so the direction shows up here before any forecast catches it.
What is the median home price in 32408?
The median sale price in 32408 is currently $412,400, based on MLS sales data updated September 15, 2026.
Is 32408 a buyer's or seller's market right now?
The data currently favors buyers. 32408 scores 42 of 100 on the Momentum Score. Conditions change; this page updates daily.
How long do homes take to sell in 32408?
The typical home in 32408 goes under contract in about 76 days, per current MLS data.
How many homes are for sale in 32408?
There are approximately 1,192 active listings in 32408 as of September 15, 2026.
Are home prices in 32408 rising or falling?
Median sale prices are flat 0.0% 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 32408 (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: September 15, 2026 at 7:33 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.