College Village
Homes for Sale in Panama City, FL

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.

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.

Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.

College Village is too small for its own price trend, so here is the market around it.

In ZIP 32405, 150 homes are on the market and 21% are under contract — a steady corner of Panama City.

Across Bay County, 2,406 homes are active and 434 pending (15% under contract).

In ZIP 32405 (Panama City), 69 homes closed in the last 12 months at a median of $330K, with a median 69 days on market. Right now 64 active and 20 pending listings put supply at about 11.1 months — a buyer's market. See the live ZIP 32405 housing market and the Bay County market.

ZIP and county figures describe the wider market, not College Village specifically. Momentum Research analysis of MLS records.

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.

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.