Panama City Beach, FL 32408 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Key Findings

1. The primary market indicator is the median sold price: $542,000, which represents the most reliable snapshot of realized value in recent transactions and should be treated as the principal pricing benchmark for underwriting and comps. representative recent sale
2. Listing context shows a material gap between the median listing price of $642,500 and the median sold price of $542,000, which suggests seller expectations currently exceed realized sales and may produce pricing friction during negotiations. downward price pressure
3. Market velocity is slow: the median days on market is 403, which, combined with other signals, appears to indicate slower sales velocity and reduced liquidity; this prolonged time to sell may require sellers to price more competitively or offer concessions. slower transaction volume
4. Macro and rental signals are mixed: rent is trending up (up) while price trends and market temperature are weakening (down and cold), and interest rate pressure is elevated, which together suggest persistent affordability headwinds even as rental demand supports landlord economics.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.