The Colonial Acres housing market is somewhat competitive. The median sale price of a home in Colonial Acres was $250K last month, up 6.4% since last year. The median sale price per square foot in Colonial Acres is $187, up 12.6% since last year.
What is the housing market like in Colonial Acres today?
In March 2024, Colonial Acres home prices were up 6.4% compared to last year, selling for a median price of $250K. On average, homes in Colonial Acres sell after 76 days on the market compared to 71 days last year. There were 36 homes sold in March this year, up from 30 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$250,000
+6.4% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Colonial Acres, TN
$250,000
+6.4%
United States
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How hot is the Colonial Acres housing market?
Colonial Acres is somewhat competitive. Homes sell in 76 days.
0
100
44
Somewhat 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
Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 76 days.
Hot homes
can sell for around list price and go pending in around 30 days.
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 Acres housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Colonial Acres.
Risk Factor
Flood Factor - Minor
15% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Colonial Acres has a minor risk of flooding. 98 properties in Colonial Acres are likely to be
severely affected
by flooding over the next 30 years. This represents 15% of all properties in Colonial Acres. Flood risk is increasing slower than the national average.
1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Colonial Acres has a minor risk of wildfire. There are 44 properties in Colonial Acres that have some risk of being affected by wildfire over the next 30 years. This represents 1% of all properties in Colonial Acres.
100% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
Colonial Acres has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Colonial Acres is most at risk from hurricanes. 2,626 properties in Colonial Acres 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 69 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 77 mph.