Colonial Heights Housing Market Update: Prices Up Year Over Year

Home prices in Colonial Heights, TN continued to trend higher in February, even as the number of closed sales remained modest and homes spent several weeks on the market.

Top takeaways

• Median sale price reached $262K in February, up 11.7% from a year earlier.
• Homes averaged about 49 days on market.
• Roughly 6 homes sold during the month, reflecting limited turnover.

Market snapshot

According to recent market data, the median sale price in February was about $262,000, an 11.7% increase compared with last year. The median price per square foot was reported near $171, down year over year, suggesting buyers are finding value in larger or differently positioned homes.

Activity remains relatively light, with six homes sold in the latest monthly report and properties averaging just under seven weeks on the market. That pace points to a somewhat competitive but not overheated environment, where well-priced homes are moving while others may take longer to secure offers.

Realtor.com data shows a median listing price in the mid-$240Ks to mid-$250Ks range in recent months, indicating asking prices and closed prices are broadly aligned.

What’s for sale

Current listings in the area include a mix of single-family homes, some with larger lots and others in established subdivisions. Buyers can find:

• Traditional ranch-style homes priced in the mid-$200Ks.
• Updated properties with garages and modern interiors approaching the upper-$200Ks and beyond.

Inventory remains relatively limited, which can support pricing, especially for homes that are updated and move-in ready.

Outlook

With prices higher than a year ago but days on market near the 45–50 day range, Colonial Heights appears balanced. Sellers are benefiting from year-over-year appreciation, while buyers still have time to evaluate options compared with the ultra-fast pace seen in prior peak periods.

Are you seeing more listings or more competition in your neighborhood this spring?

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