The Colony Market Heat Score: A Balanced View

The Colony market is showing signs of increased activity with a median close price of $434,950 across 104 closed sales in the rolling six months ending September 30, 2026. This represents a 5.7% increase compared to the prior six-month period and a 3.7% rise year-over-year. Simultaneously, homes are selling faster, with the median days on market dropping to 63 days, a 30% improvement over the previous six months and a 43.2% increase from the same period last year when sales were quicker at 44 days. ALEX Intelligence calculated a composite Market Heat Score for The Colony by analyzing four key indicators: median days on market, sale-to-list price ratio, inventory levels, and the frequency of price reductions. The current score reflects a balanced market where supply and demand are relatively stable. With 83 active listings and 104 sales over six months, the months of inventory stands at 4.79, indicating neither a severe shortage nor a surplus of homes. The median close-to-original list ratio is 0.92, meaning homes sold for 92% of their original asking price on average. This is an improvement from the prior period's 0.873 ratio and suggests buyers are negotiating closer to list prices than before, though still below the 0.933 ratio seen a year ago. Additionally, 86.5% of closed sales were below the original list price, down from 93.9% in the prior period, signaling a slight shift in buyer leverage. While the median price per square foot is $183, this figure is 10.3% lower than the same time last year when it was $204. The larger homes are also trending up, with the median living area growing to 2,486 square feet, an 8.5% increase from last year. These metrics combined suggest a market that is warming but remains accessible for buyers who are willing to act within current price ranges. Want to see this home? Call or text George at 713.918.9951 for a private 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