The Colony Market vs. Neighbors: A Price and Speed Comparison

The Colony market is moving at a different pace than its neighbors, with median closed prices rising to $434,950 across 104 sales in the last six months. This represents a 5.7% increase from the prior six-month period and a 3.7% gain compared to the same window last year. While the region saw a 204-per-square-foot median price, The Colony settled at $183 per square foot, reflecting a 10.3% drop in price-per-square-foot terms compared to twelve months ago. Speed is where this market stands out most. Homes sold in just 63 days on average, a 30% improvement over the prior six months and significantly faster than the 74-day average for Bastrop County. However, homes took 43% longer to sell than they did during the same period last year when the median was 44 days. The region averaged 56 days on market, placing The Colony slightly above the regional norm in terms of time required to close. Affordability dynamics have shifted as well. Buyers closed at 92% of their original list price, a 5.4% improvement over the prior period but still below the 1.4% drop seen compared to last year. In contrast, Bastrop County buyers closed at 93% of list price. The median home size grew to 2,486 square feet, up 8.5% from a year ago, suggesting larger homes are driving current volume. With 83 active listings and 104 closings over six months, the market holds roughly 4.8 months of inventory, indicating a balanced environment where supply meets demand without the pressure of a seller's or buyer's extreme. Want a closer look? Reply or call George at 713.918.9951 and we'll set up a showing. Data from Unlock MLS. Information deemed reliable but not guaranteed. Model outputs are ALEX Intelligence estimates, not appraisals. Read more Central Texas market data on the ALEX blog: https://alex-companies.com/blog