The Colonial Village housing market is very competitive. The median sale price of a home in Colonial Village was $125K last month, down 4.6% since last year. The median sale price per square foot in Colonial Village is $132, up 29.4% since last year.
What is the housing market like in Colonial Village today?
In March 2024, Colonial Village home prices were down 4.6% compared to last year, selling for a median price of $125K. On average, homes in Colonial Village sell after 35 days on the market compared to 52 days last year. There were 8 homes sold in March this year, down from 18 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$125,450
-4.6% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Colonial Village, MI
$125,450
-4.6%
United States
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How hot is the Colonial Village housing market?
Colonial Village is very competitive. Homes sell in 29 days.
0
100
76
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 9 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for around list price and go pending in around 29 days.
Hot homes
can sell for about 4% above list price and go pending in around 14 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
94.8%
-3.3 pt YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Colonial Village, MI
94.8%
-3.3 pt
United States
Home offer insights for Colonial Village
Explore recent offers and recently sold homes in Colonial Village
Recent offers
View houses in Colonial Village 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 Village housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Colonial Village.
Risk Factor
Flood Factor - Minor
12% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Colonial Village has a minor risk of flooding. 69 properties in Colonial Village are likely to be
severely affected
by flooding over the next 30 years. This represents 12% of all properties in Colonial Village. Flood risk is increasing slower than the national average.
4% of properties are at risk of wildfire over the next 30 years
Fire Factor
Colonial Village has a moderate risk of wildfire. There are 62 properties in Colonial Village that have some risk of being affected by wildfire over the next 30 years. This represents 4% of all properties in Colonial Village.
Colonial Village has minimal risk of severe winds over the next 30 years
Wind Factor
Colonial Village has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
69% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Colonial Village has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 69% of homes in Colonial Village have a Moderate Heat Factor®.
Colonial Village is expected to see a 128% increase in the number of days over 96ºF over the next 30 years. Colonial Village is expected to experience 7