32404 Home Values & Market Trends
There are 1,286 homes currently listed for 32404. 32404 real estate market trends show that home prices range from $5,000 to $8,000,000, and the median sales price in the 32404 zip code is $305,466. The total number of properties sold within the past twelve months is 888. In 32404, 183 properties are in foreclosure, 5 are bank owned properties,and 16 are headed for auction.
32404 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Panama City | $ 330,911 $ 198/sqft |
Housing Market Summary for 32404
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $315K | $325K | 3.17% |
| Median Sold Price | $274.4K | $243.4K | -11.31% |
| Homes For Sale | 928 | 1,280 | 37.93% |
| Homes Sold | 318 | 249 | -21.70% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in 32404
Browse Homes in 32404
The median list price of a home in Panama City, is $305,466. A total of 1,286 properties are for sale, and the percentage of properties for sale in the zip code is 1286.00%. The total count of 32404 properties is 1,900.
- Pre-ForeclosurePre-foreclosure homes account for 8.53% of all residential properties in 32404 with panama city containing 414 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 32404; of that cities, the estimated home value for pre-foreclosure homes ranges from $1,221,810 in panama city to the lowest home value of $55,105 in panama city.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 32404 ranges from the highest value of $389,900 in panama city to the lowest value of $53,907 in panama city. Bank owned homes and properties account for 0.26% of properties in 32404. There is 1 cities within 32404; panama city containing 19 REO properties, has the highest number of bank owned properties in a single city.
- Auctionspanama city has 36 auction properties, the highest number of properties going to auction in a single city in the state of 32404. Auction homes and other auction properties account for 0.84% of all properties in 32404. There is 1 cities within 32404; of that cities, the median estimated home value for homes going to auction ranges from $698,001 in panama city to the lowest value of $140,000 in panama city.
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Guide for 32404
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.