What Buyers & Sellers Need to Know

📍 Market Snapshot: Single-Family Homes in 32408 vs. 32405 – What Buyers & Sellers Need to Know

When it comes to buying or selling a home in Panama City, understanding the differences between ZIP codes can make all the difference in your strategy and results. Though just a few miles apart, 32408 and 32405 represent two unique real estate markets with very different dynamics. Here’s a breakdown of current trends as of May 2025—and why working with a knowledgeable agent is essential.

🌊 MARCH 32408 – Panama City Beach (Coastal Living at a Premium) Single Family Home

• Months Supply of Inventory: 9.41
  A high inventory level suggests a buyer’s market, where supply exceeds current demand.

• 12-Month Inventory Change: +53.51%
  Indicates a significant increase in homes for sale, likely signaling slower buyer activity or more listings hitting the market.

• Median Days on Market: 42
  Homes are selling in a reasonable timeframe but may require competitive pricing to move quickly.

• Sold-to-List Price Ratio: 95.1%
  Homes are selling for slightly below list price, offering room for negotiation.

• Median Sold Price: $450,000
  Reflects the premium location and amenities of beachside living.

📌 Takeaway:
32408 is ideal for those looking for a coastal lifestyle or investment property, but with rising inventory, it’s crucial to price and market strategically.

🏡 MARCH 32405 – Central Panama City (Affordable & In-Demand) Single Family Home

• Months Supply of Inventory: 4.74
  Indicates a balanced market that favors both buyers and sellers.

• 12-Month Inventory Change: +58.53%
  More homes are available, giving buyers more options—but homes are still moving quickly.

• Median Days on Market: 27
  Properties are selling faster than in 32408, showing strong local demand.

• Sold-to-List Price Ratio: 97%
  Homes are closing very close to asking price, which means sellers are pricing effectively.

• Median Sold Price: $282,500
  More budget-friendly, making it attractive for first-time buyers and families.

📌 Takeaway:
32405 is a great option for buyers seeking affordability, convenience, and quick-moving inventory.

👥 Why Local Expertise Matters

Are you looking around Northwest Florida? Let us help you zero in on your ideal area. Although ZIP codes 32408 and 32405 are close, the markets behave very differently. Whether you’re after a beachside investment or a primary home inland, real estate isn’t one-size-fits-all.

At Century 21 Ryan Realty, our local experts provide free, personalized consultations tailored to your specific ZIP code and goals. Reach out today and get the insights you need to move forward with confidence.

📞 Contact us today at 850-233-7926, to schedule your tailored appointment and take the first step toward your real estate goals—whether you’re buying, selling, or investing.