32466
Panama City, Florida
Panama City 32466 needs watching.
The 32466 ZIP code in Panama City, Florida has a median sale price of $267K, down -8.1% year-over-year. Homes spend an average of 82 days on market, with 6% of homes selling above list price.
Folio's PropIQ™ score of 55 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 32466.
Panama City's 32466 ZIP code shows clear buyer-favorable conditions with a median sale price of $267,000, down 8.1% year-over-year as of February 2026. Homes are averaging 82 days on market, significantly above the quick-turn threshold of 30-45 days that characterizes seller's markets. Only 6% of transactions close above list price, indicating minimal competition and substantial negotiating leverage for purchasers in this coastal Florida submarket.
These metrics strongly favor cost-conscious primary homebuyers and patient investors seeking below-peak entry points. The 8.1% price decline creates immediate equity opportunities for buyers who avoided the 2024-2025 peak, while the 82-day DOM allows extended due diligence periods without competitive pressure. Sellers face headwinds and should anticipate longer marketing periods and price negotiations, particularly those requiring quick liquidity or holding non-differentiated properties.
The PropIQ score of 55 signals continued caution, suggesting price stabilization remains months away rather than weeks. Buyers should monitor whether DOM begins contracting below 70 days or if above-list sales exceed 10%, both indicating demand recovery. The current data points to a market still searching for a floor, making Q2 2026 critical for determining whether this represents a temporary correction or extended repricing cycle in Panama City's beach-proximate residential sector.
What is the median home price in 32466 Panama City?
The median sale price in 32466 is $267K, down -8.1% year-over-year as of 2026-02-28.
How long do homes stay on the market in Panama City 32466?
Homes in 32466 Panama City spend an average of 82 days on market before going under contract.
Is Panama City 32466 a good place to invest in real estate?
Folio's PropIQ™ score for 32466 is 55/100 — a Caution signal. 6% of homes sold above asking.
What does a PropIQ™ score of 55 mean for 32466?
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 55 = Caution in 32466 Panama City, Florida.