The Colonial Place housing market is most competitive. The median sale price of a home in Colonial Place was $625K last month, up 28.9% since last year. The median sale price per square foot in Colonial Place is $389, up 14.1% since last year.
What is the housing market like in Colonial Place today?
In October 2024, Colonial Place home prices were up 28.9% compared to last year, selling for a median price of $625K. On average, homes in Colonial Place sell after 13 days on the market compared to 13 days last year. There were 17 homes sold in October this year, up from 15 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$625,000
+28.9% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Colonial Place, VA
$625,000
+28.9%
United States
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How hot is the Colonial Place housing market?
Colonial Place is most competitive. Homes sell in 11 days.
0
100
92
Most 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 6 months
Most homes get multiple offers, often with waived contingencies.
The average homes sell for about 4% above list price and go pending in around 11 days.
Hot homes
can sell for about 12% 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 Colonial Place housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Colonial Place.
Flood Factor - Minor
9% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Colonial Place has a minor risk of flooding. 45 properties in Colonial Place are likely to be
severely affected
by flooding over the next 30 years. This represents 9% of all properties in Colonial Place. Flood risk is increasing slower than the national average.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Colonial Place has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Colonial Place is most at risk from hurricanes. 857 properties in Colonial Place 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 72 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 88 mph.