32409

Panama City, FL · Bay County, FL · 6,935 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

38affordability /100

Buyer leverage is buyer advantage; weigh payment burden and the 3-lens valuation before bidding.

Payment burden
37.6%
severe
Days on market
75
daily
Price cuts
26.6%
of active
Look up an address
40
/100
mixed
warming · buyer advantage · prices rising year-over-year.

Verdict grades housing conditions; buyer-timing, investor cash-flow, supply-tightness and county macro scores answer different questions — each in its own section.

Buyer / sellerbuyer-timing lens

72/ 100SellerBalancedBuyer
Negotiate Hard
Needs 20.2% correction for affordability
DOM: 90d (stable) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)75
Valuation Gap (25%)100
Supply & Demand (20%)100
Buy vs Rent (15%)0
Cancellation Rate (10%)50
Days on Market (5%)75

Moderate buyer leverage in 32409. Room to negotiate 5-10% below list. Payment burden: 37.6% of median income. A 7% price correction needed to reach 30% affordability threshold. Median days on market: 90. Market appears 38% overpriced vs. assessed values.

What to Offer

Offer 5-10% below list. You have room to negotiate.

Conditions resemble 2019 pre-pandemic levels — moderate overvaluation with slowing demand. Negotiation room exists.
WARMINGBUYER ADVANTAGE

Market is warming with rising prices. Buyers have strong negotiating leverage.

Address lookup$99 report path

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Market snapshoteach number, once

Median price
$376,431
▴ 1.9% YoY
Days on market
75
daily · zip_data
Median rent
$2,700
ZORI
Investor score
85/100
cash-flow lens
Active listings
85
90-day

Valuation3 lenses, different anchors

vs assessor
—
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$0
county CAMA · properties_v
vs income
—
Fair-value model not available for this market.
fair_value_scores · 10-state coverage
vs county comps
+60.7%
County-wide market — the widest, slowest signal.
Bay+60.7%
Lotvox comps · mv_valuation_gap
Read together: Above county comps but sustainable on local incomes.
Pricing detail
Price / sqft$188
Price-to-income6.2×

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How 32409 ranks in FL
percentile vs all FL ZIPs
Comparative ranking not available for this ZIP.

Affordability, supply & momentum

14SUPPLY
OversuppliedSupply Tightness

Ample inventory — buyers have time and leverage to negotiate.

Months of Supply37.3 mo
Days on Market75d
Inv vs History+10.5%
Listing Density22.2/1k
Market dynamics
Price cut %26.6%
Momentumwarming
LeverageBUYER ADVANTAGE
Months of supply37.3
Sales (90d)0
Investment analysis
Median rent$2,700
Price-to-rent11.6
Est. cap rate5.6%
Buy vs rentfavors buying

Livability

Walk score1
Transit score—
Bike score—

Historical trends

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Bay County contextmacro · jobs · debt · migration

ZIP score grades housing; county score adds macro distress (jobs, debt, poverty). They answer different questions.

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Nearby ZIP codes

32405
Panama City
$298,069
+1.1%
Panama City Metro·Overpriced ZIPs·Investor ZIPs·View on Map·Bay County