32413
Panama City, Florida

The 32413 ZIP code in Panama City reports a median sale price of $475,000 as of February 2026, reflecting a modest 3.3% year-over-year increase that trails national appreciation rates. Homes are spending an average of 109 days on market, significantly above the regional average and indicating softer demand. Only 7% of properties are selling above list price, a sharp contrast to competitive markets where this figure typically exceeds 25%, signaling limited buyer urgency and substantial negotiating leverage for purchasers.

This environment favors price-conscious buyers willing to conduct thorough due diligence during extended market exposure periods. The 109-day inventory window allows for comprehensive inspections and financing arrangements without competitive pressure. Sellers face headwinds, as the 7% above-list metric and protracted marketing periods suggest pricing discipline is essential. Investors seeking quick appreciation should look elsewhere, though those targeting long-term rental yields may find entry points given the subdued price growth trajectory.

The PropIQ score of 61 signals caution, reflecting vulnerability to market corrections or continued stagnation. The combination of extended days-on-market and minimal bidding wars suggests absorption rates merit close monitoring for further deterioration. Buyers should track monthly inventory levels and DOM trends for signs of additional softening, while the modest 3.3% appreciation indicates limited downside protection if regional economic conditions weaken or mortgage rates climb from current levels.