The Colonial Heights housing market is very competitive. The median sale price of a home in Colonial Heights was $290K last month, up 23.4% since last year. The median sale price per square foot in Colonial Heights is $190, up 21.4% since last year.
What is the housing market like in Colonial Heights today?
In October 2024, Colonial Heights home prices were up 23.4% compared to last year, selling for a median price of $290K. On average, homes in Colonial Heights sell after 16 days on the market compared to 16 days last year. There were 24 homes sold in October this year, up from 24 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$290,000
+23.4% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Colonial Heights, VA
$290,000
+23.4%
United States
To compare other locations to the Colonial Heights and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Colonial Heights add value to a home.
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How hot is the Colonial Heights housing market?
Colonial Heights is very competitive. Homes sell in 20 days.
0
100
81
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 20 days.
Hot homes
can sell for about 1% above list price and go pending in around 8 days.
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Colonial Heights, VA
97.7%
-2.6 pt
United States
Colonial Heights Migration & Relocation Trends
In Sep '24 - Nov '24, 41% of Colonial Heights homebuyers searched to move out of Colonial Heights, while 59% looked to stay within the metropolitan area.
Where are people moving to Colonial Heights from?
Across the nation, 0.50% of homebuyers searched to move into Colonial Heights from outside metros.
Washington homebuyers searched to move into Colonial Heights more than any other metro followed by New York and Philadelphia.
Where are people from Colonial Heights moving to?
59% of Colonial Heights homebuyers searched to stay within the Colonial Heights metropolitan area.
Virginia Beach was the most popular destination among Colonial Heights homebuyers followed by Dallas and Myrtle Beach.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
View houses in Colonial Heights that sold recently
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Colonial Heights housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Colonial Heights.
Flood Factor - Minor
15% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Colonial Heights has a minor risk of flooding. 819 properties in Colonial Heights are likely to be
severely affected
by flooding over the next 30 years. This represents 15% of all properties in Colonial Heights. Flood risk is increasing slower than the national average.
60% of properties are at risk of wildfire over the next 30 years
Fire Factor
Colonial Heights has a moderate risk of wildfire. There are 4,585 properties in Colonial Heights that have some risk of being affected by wildfire over the next 30 years. This represents 60% of all properties in Colonial Heights.
99% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Colonial Heights has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Colonial Heights is most at risk from hurricanes. 7,608 properties in Colonial Heights have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 82 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 101 mph.
100% of properties are at severe
risk of heat over the next 30 years
Heat Factor
Colonial Heights has a severe risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Colonial Heights have a Severe Heat Factor®.
Colonial Heights is expected to see a 128% increase in the number of days over 109ºF over the next 30 years. Colonial Heights is expected to experience 7