College Village
Homes for Sale in Panama City, FL
All 257 homes for sale in Panama City, FL · median $349,000 · 120 homes for sale in 32401 · Bay County homes for sale
True comps, carrying-cost math, and listings before the portals.
Market Heat
Photo via CPAR MLS
As of October 2026, College Village in Panama City, FL has 1 home for sale. Over the 12 months ending 2026-09-20, 5 recorded sales closed at a median of $260,000, a median 10 days on market, sellers accepting 98% of original asking (+16% versus the prior year). At the median price and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $3,190 ($2,710 with the full homestead exemption).
| Location | Panama City, Bay County, FL · ZIP 32401, 32405 |
|---|---|
| Sale prices, last 12 months | $260,000 median across 5 closed sales · +15.6% vs the prior 12 months |
| Days on market (closed sales) | 10 median |
| For sale right now | 1 active, 0 pending · median asking $315,000 |
Data as of September 20, 2026. Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate. Market figures describe homes, not residents. Cite as: Momentum Realty, “College Village key facts,” movewithmomentum.com/neighborhoods/college-village, data as of September 20, 2026.
College Village prices off condition and age more than location alone. With a median build year of 1969 and homes on record stretching from 1900 up through 2023, you are shopping a real mix of original-condition and updated stock, and that spread is what moves a listing from the bottom to the top of its range. The current median of $248,500 reflects that blend, not a single consistent product.
A 14-day median days-on-market and a market heat score of 62 point to a market that is moving with some urgency, and the 14.3% year-over-year change confirms pricing has been trending up. For sellers, well-presented homes are not sitting. For buyers, that pace means having financing and a decision ready before you tour, not after.
College Village right now
🟢 Still climbing. The trailing-12-month median ($260K) is up 15.6% from the prior 12 months ($225K) and up 459% since 2012. With about 5 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level CPAR MLS closed sales, 12-month windows ending September 20. Confidence: Low (5 and 5 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated October 2, 2026 · Live data: CPAR MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
College Village market snapshot (as of September 20, 2026): the median sale price is about $260K, and a median 10 days on market for closed sales. The trailing-12-month median is up 16% from the prior 12 months and up 459% since 2012, computed from record-level CPAR MLS closed sales (5 closings in the current window).
In ZIP 32401 (Panama City), 337 homes closed in the last 12 months at a median of $307K, up 0.5% year over year, with a median 62 days on market. Right now 166 active and 29 pending listings — a buyer's market. See the live ZIP 32401 housing market and the Bay County market.
CPAR sales records identify 5 homes in College Village that have changed hands since 2024, built between 1973 and 1983 (median 1976), with a median living area of about 1,495 sq ft and a typical 3-bedroom, 2-bath layout; 60% are single-family homes. Source: CPAR closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
College Village is an established Panama City neighborhood built out over more than a century, so buyers encounter everything from early-1900s construction to homes finished in the past few years on the same streets. No community amenities are currently identified from active MLS listings, so this is a housing-stock play rather than an amenity-package one.
Who College Village is best for.
Best for
- Buyers targeting a home near the median $248,500 price point who are comfortable budgeting for condition work on an older structure.
- Buyers who want an efficient, roughly 1,482-square-foot footprint over a larger new-build layout.
- Buyers moving decisively, since a 14-day median days-on-market means hesitation can cost a listing.
Probably not for
- Buyers who want a community with an established amenity package, since none is currently identified from MLS listings.
- Buyers who need move-in-ready consistency across an entire block rather than evaluating each home individually.
- Buyers relying on a large closings sample to price with confidence — the recent tracked window is thin at six sales.
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 20 of each year, from record-level CPAR MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($260K) IS the median in the snapshot above, and the move from 2025 ($225K) IS the +15.6% one-year change.
Windows contain 1 to 9 sales each (5 in the current window); every figure carries its sample size, and thin markets swing on single closings. Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate. Deemed reliable but not guaranteed.
The real cost & risk here
Before the list price, the Florida math the portals skip. These are Bay County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.
Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Bay County scorecard.
County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.
20% of homes for sale in ZIP 32405 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-09-30).
College Village Market Scorecard
College Village is currently a balanced market., a median asking price of $315,000, and homes go under contract in about 163 days.
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: CPAR MLS, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Housing distress & ownership in College Village, Panama City
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate. Deemed reliable but not guaranteed.
Homes For Sale Right Now in College Village
Live MLS inventory for College Village. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active and pending College Village listings as of 2026-10-01, priced high to low. Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate. Tap any home to ask about it.
Every Home for Sale in College Village Right Now (1)
All 1 active and pending College Village listings with a detail page, newest first, refreshed twice a day from the MLS.
- 3946 W 21st Place, Panama City, Fl 32405 · $315,000 · 3 bd / 2 ba · listed Jul 2, 2026 · listed by CENTURY 21 Ryan Realty Inc
The College Village buying strategy.
If we were buying in College Village today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in College Village.
An Older, Owner-Held Neighborhood
With 422 homes tracked and a homestead share of 60.7%, a solid majority of properties here are owner-occupied rather than investment or rental holdings. That tends to support steadier upkeep at the block level, though with a median build year of 1969, buyers should expect systems and finishes that vary widely from house to house rather than a uniform builder-grade product.
Median living area runs 1482 square feet, which is a modest, efficient footprint by current standards — worth confirming against your space needs before you fall for a price. Six recent closings in the tracked window is a thin sample, so treat the $248,500 median as a directional number and lean on a comparable-by-comparable pull for any specific address.
The location and the amenities are priced into every listing in College Village. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in College Village buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 3 factors (9.6). Basis: Long-Term Appreciation +459% since 2012; Recent Direction +15.6% year-over-year; Pricing Power 98.5% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a neighborhood spanning building eras from 1900 to 2023 with no formal amenity package to lean on, the work is in the due diligence: age of systems, permit history, and a realistic comp set drawn from a small closings sample. We pull that detail on the specific street and specific home before you write an offer, not after.
College Village in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a College Village buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed College Village sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in College Village, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your College Village home worth?
Get a no-obligation home value based on real comparable sales in College Village, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See all homes for sale in Panama City →
Frequently Asked Questions
What is the median home price in College Village?
How long do homes in College Village take to sell?
Have College Village home prices gone up?
Who is the best real estate agent for College Village?
How do I find a top Panama City real estate agent who knows College Village?
Can Momentum Realty connect me with an agent for College Village?
Where is College Village, and what county is it in?
Should you buy in College Village?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | CPAR MLS, refreshed twice daily (last: October 1, 2026) |
| Community market stats | CPAR MLS closed sales, 12-month windows ending September 20, 2026 |
| Under-contract shares | CPAR MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2012 (68 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of CPAR MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the CPAR MLS member average and 8 days faster, and we’ll price yours against live local comps.
Looking to buy here? Search homes for sale →
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A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how College Village fits the bigger picture — live prices, inventory, and Momentum Scores:
More on College Village
- Home values · What homes in College Village actually sell for
Nearby Communities
Explore more neighborhoods near College Village with Momentum Realty’s local guides.