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Dynamic.RE · SFR Market Intelligence

The Colony, Texas Housing Market

Prices, inventory, and demand — distilled every month into one clear verdict: buyer’s market or seller’s. The investor’s read, before you make an offer.

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Data through
Oct 2026
Dynamic.RE Verdict
Balanced Market
Neither side has the edge. We compare The Colony with 2017–2019 at this time of year: there are 20 pending sales per 100 listings, against 40 then; 23% of sellers have cut their price, against 32% then; there are 15% fewer homes for sale.
Median list price
$577,450
-5.9%
Demand : Supply
0.20
Days on market
54 days
Median time on market

The median asking price in The Colony is about $577,000 as of Oct 2026, down 5.9% from a year ago. The typical listing is 5% smaller than a year ago, and asking price per square foot is flat. So the size of homes on the market explains much of the drop. That is the asking price on listed homes, so sold-price and home-value sites show different numbers (why).

Only on the right house. Neither side has the upper hand in The Colony right now. The signals split. Compared with 2017–2019 at this time of year, 23% of sellers have cut their price, against 32% then, but there are 20 pending sales per 100 listings, against 40 then. The market will not hand you a discount. You have to find it in one specific listing.

01
The market at a glance
Median $ / sqft
$227
Active inventory
193
New listings / mo
60
Days on market
54 days
Price-cut share
23.4%
Pending sales
39
02
Where we are in the cycle
Median asking price
$577,450
15% below the May 2024 peak of $676K
Homes for sale
193
9.7× the Jan 2022 low of 20
Days on market
54 days
4.9× the 11-day May 2022 low
03
The renter economy
41%
Renter share · of occupied homes
3.6%
Vacant homes · all units
$119.7K
Median household income
4.8×
Price-to-income · list ÷ income
04
What this means for investors

What stands out in The Colony?

  • Homes for sale are down 13% on last year: among the sharpest inventory declines of 763 tracked cities. Supply is shrinking, which shifts leverage to sellers.
  • Population is up 15.0% over five years: among the fastest population growth of 763 tracked cities. Growth brings tenants and buyers.

Is housing keeping up with The Colony's growth?

The population in The Colony's ZIP codes grew 15.0% over five years, faster than 92% of the cities we track. Households (+24.3%) grew faster than housing (+20.5%). Demand is outrunning supply. Homes for sale are 15% below 2017–2019 at this time of year.

How does The Colony compare with other Texas markets?

Ranked among the 77 Texas markets we track:

  • Asking price: 5th priciest of 77. The Colony is at $577,450. Closest: Rockwall and Allen.
  • Buyer competition: 13th least competitive of 67. The Colony is at 0.20 buyers per home. Closest: Waco and College Station.
  • Time on market: 12th shortest time on market of 77. The Colony is at a median of 54 days on market. Closest: Lubbock and Burleson.
  • Price cuts: 37th fewest price cuts of 77. The Colony is at 23% of sellers cutting. Closest: New Braunfels and Lancaster.

How much can you negotiate in The Colony?

For every 100 homes still for sale, 20 are under contract. In 2017–2019 at this time of year it was 40. The rest are still waiting for a buyer. About 1 in 4 sellers has already dropped their price. Each one has learned their first price was too high. Start your offer below their new price.

The Colony listings spend a median 54 days on the market. That is 5% shorter than a year ago. There are 193 homes for sale in The Colony. That is 9.7 times the tightest month on record, but below the peak of 264. Supply is shrinking against last year.

What to do about it

  • Judge each listing on its own.
  • Homes listed 60+ days ago with a price cut are where your discount is.
  • Fresh, well-priced homes will not move on price. Do not waste offers on them.

Who will rent from you in The Colony?

In The Colony, 41 out of every 100 households rent. That is nearly half. The renter share is growing. Five years ago it was 37 in 100. The Colony added about 3,100 renter households in five years. Renter households average 2.0 people. Singles and couples rent here. Two bedrooms beat four.

The median The Colony household earns $119,682 a year. Incomes here have grown 6.0% a year since 2019. Incomes are rising faster than home prices. Affordability is improving. A typical home costs 4.8 times the median income. That is the national middle. Neither cash flow nor appreciation is free here. At 30% of income, a tenant on the median income can pay about $2,992 a month.

To see what one The Colony address would rent for and cash flow, run it through the app.

Is now a good time to buy in The Colony?

The median asking price is 14.5% below its May 2024 peak. Per square foot the gap is smaller: 8.8% below the May 2024 high. Part of the drop is smaller homes coming to market. Prices stopped falling about a year ago. They are flat now. Waiting will not get you a cheaper house. It might still get you a more motivated seller. The Colony prices have risen in 84 of the last 112 months. Drops here have been short and shallow. Buying in a slow month has rarely hurt a long hold.

This market is turning. Which way is not settled yet. Check the monthly numbers above before you commit.

What numbers should you underwrite a The Colony deal with?

  • Price growth to assume — +2.7%/yr. The Colony grew 4.9% a year over the decade. Ignore that rate. Most of it landed in the 2020 and 2021 boom. Without the boom, The Colony grows about 2.7% a year. That is the number to type in. Prices were flat over the last year.
  • Comp on price per square foot — $227/sqft. The typical The Colony listing shrank from 3,327 to 2,492 sqft since Jul 2016. So median price hides real growth: 60% per sqft versus 21% on the median. Comp on median price and you will overpay for small homes.
  • Competition when you exit — -13%. Homes for sale in The Colony are down 13% on last year, so your resale faces less competition than today's comps did.

Read how population change affects rentals and how we read these numbers, then run the numbers on a deal.

05
Frequently asked questions

What is the median home price in The Colony?

The median asking price in The Colony is about $577,000 as of Oct 2026, down 5.9% from a year ago. The typical listing is 5% smaller than a year ago, and asking price per square foot is flat. So the size of homes on the market explains much of the drop. This is the asking price on homes listed for sale. Sites that report sold prices or estimated home values will show a different number. Our The Colony figures cover the 1 ZIP code with a The Colony mailing address, which can reach past city limits.

Is The Colony a buyer's or seller's market in 2026?

Neither side has the upper hand in The Colony right now. We compare The Colony with 2017–2019 at this time of year: there are 20 pending sales per 100 listings, against 40 then; 23% of sellers have cut their price, against 32% then; there are 15% fewer homes for sale.

Are The Colony home prices going up or down?

The median asking price is 14.5% below its May 2024 peak. Per square foot the gap is smaller: 8.8% below the May 2024 high. Part of the drop is smaller homes coming to market. Prices stopped falling about a year ago. They are flat now. Waiting will not get you a cheaper house. It might still get you a more motivated seller.

What is the best month to buy a house in The Colony?

Across 9 full years, The Colony asking prices ran lowest in January, about 5.3% below the year's average. They peaked in May. The most homes for sale show up in August, about 29% above the yearly average.

Are there more homes for sale in The Colony than before the pandemic?

No. There are 193 homes for sale, 15% fewer than in 2017–2019 at this time of year.

What is the fair market rent in The Colony?

HUD's fiscal year 2026 fair market rent for Denton County is $1,931 a month for 2 bedrooms and $2,431 for 3 bedrooms. The figures include tenant-paid utilities and cover the whole county.

06
ZIP-level detail

Which ZIP codes are in The Colony?

The Colony has one ZIP code. It links to its live market dashboard.

  • 75056193 for sale · 23% cutting · 54 daysOnly 20 homes under contract for every 100 still for sale.
07
Where else to look

Markets similar to The Colony

Closest matches on asking price, price per square foot, time on market, buyer demand, and price cuts.

  • Plano, TX — $524,831 median, 55 days on market, 30% of sellers cutting
  • Richardson, TX — $441,694 median, 52 days on market, 28% of sellers cutting
  • Coppell, TX — $629,000 median, 60 days on market, 22% of sellers cutting
  • Midland, TX — $441,425 median, 53 days on market, 26% of sellers cutting
See what a The Colony property is actually worth
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