The Colony Market Recap: Sales Rise, Prices Hold Steady

The Colony market showed resilience in the six months leading to October 2026, with 99 closed sales and a median price of $439,900. This represents a 7.4% increase from the prior six-month period and a 5.2% rise compared to the same window last year. Homes sold faster as well, with the median days on market dropping to 64 days, down 28.9% from the previous period, though still 12.3% higher than the year-ago benchmark. ALEX Intelligence analyzed the sales data to highlight that while prices are trending upward, the pace of appreciation has moderated compared to earlier peaks. The median price per square foot reached $180, a 1.1% increase from the prior period but down 10% from last year. This suggests buyers are securing homes at slightly lower per-square-foot rates despite higher overall prices, likely due to larger average home sizes. The median living area grew to 2,488 square feet, up 6.2% from a year ago. Affordability dynamics shifted as well. 85.9% of closed sales were below the original list price, down from 93.3% in the prior period, indicating stronger negotiation power for sellers recently. With 79 active listings and 99 closings over six months, the market sits at 4.79 months of inventory. A typical buyer financing a median-priced home with a loan amount of $351,920 would face a principal and interest payment of $2,384 monthly based on current rates. The data reflects a balanced but active environment where new construction continues to drive volume, accounting for 71 of the 99 closings. While the market remains competitive, the shift in price-to-list ratios and inventory levels suggests a stabilization after periods of volatility. 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