What is the housing market like in Colony Lakes today?
In March 2024, Colony Lakes home prices were down 7.7% compared to last year, selling for a median price of $385K. On average, homes in Colony Lakes sell after 26 days on the market compared to 143 days last year. There were 5 homes sold in March this year, up from 3 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$385,000
-7.7% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Colony Lakes, TX
$385,000
-7.7%
United States
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How hot is the Colony Lakes housing market?
Colony Lakes is very competitive. Homes sell in 23 days.
0
100
72
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 12 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for around list price and go pending in around 23 days.
Hot homes
can sell for about 3% above list price and go pending in around 7 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 Colony Lakes housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Colony Lakes.
Risk Factor
Flood Factor - Major
56% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Colony Lakes has a major risk of flooding. 92 properties in Colony Lakes are likely to be
severely affected
by flooding over the next 30 years. This represents 56% of all properties in Colony Lakes. Flood risk is increasing slower than the national average.
37% of properties are at risk of wildfire over the next 30 years
Fire Factor
Colony Lakes has a moderate risk of wildfire. There are 319 properties in Colony Lakes that have some risk of being affected by wildfire over the next 30 years. This represents 37% of all properties in Colony Lakes.
100% of properties are at extreme
risk of a severe wind event over the next 30 years
Wind Factor
Colony Lakes has an Extreme Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Colony Lakes is most at risk from hurricanes. 857 properties in Colony Lakes 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 140 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 148 mph.