32406
Panama City, Florida
Panama City 32406 is stable.
The 32406 ZIP code in Panama City, Florida has a median sale price of $150K, down N/A year-over-year. Homes spend an average of 44 days on market, with 100% of homes selling above list price.
Folio's PropIQ™ score of 67 signals Caution conditions. This market is holding steady. Monitor inventory shifts before committing.
The Panama City 32406 market shows compressed activity with a $150,000 median sale price holding flat year-over-year as of September 2020. Properties clear inventory in 44 days, suggesting moderate absorption despite price stagnation. The complete absence of homes selling below asking—with 100% trading at or above list—indicates competition remains present even without price appreciation, pointing to constrained supply rather than surging demand driving transaction dynamics.
This environment favors cash buyers and value investors who can move decisively within the 44-day window before competing offers materialize. Sellers benefit from the 100% at-or-above-ask close rate, though flat year-over-year pricing limits equity gains to principal paydown only. First-time buyers face bidding pressure without corresponding price momentum, creating unfavorable risk-reward compared to markets where appreciation justifies premium offers. Investors seeking appreciation plays should look elsewhere given zero price growth.
The PropIQ score of 67 signals caution, suggesting current tight conditions may not sustain. The combination of flat pricing despite full-price sales indicates demand meeting supply exactly at current valuations without upward pressure—a precarious equilibrium. Watch for days-on-market extension beyond 44 or breakdown in the 100% above-list metric as early warnings of softening. The score implies deterioration risk outweighs appreciation potential through at least the next quarter.
What is the median home price in 32406 Panama City?
The median sale price in 32406 is $150K, down N/A year-over-year as of 2020-09-30.
How long do homes stay on the market in Panama City 32406?
Homes in 32406 Panama City spend an average of 44 days on market before going under contract.
Is Panama City 32406 a good place to invest in real estate?
Folio's PropIQ™ score for 32406 is 67/100 — a Caution signal. 100% of homes sold above asking.
What does a PropIQ™ score of 67 mean for 32406?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 67 = Caution in 32406 Panama City, Florida.