Brokers — List your Company Here
Featured local agent — Colony, AL
Sarah Mitchell
Compass Real Estate · Colony, AL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Colony, AL Housing Market
The typical home in Colony, AL is worth $142,693, fell 11.1% over the past year (Zillow Home Value Index, July 2026). The last median sale price Redfin published was $209,999 (through May 2026). With homes going under contract in about 243 days, Colony is a leaning buyer's. At today's 6.66% 30-year fixed rate, 20% down on a $142,693 home is about $734/mo in principal and interest.
Key numbers for Colony, AL
Typical home value
$142,693
-11.1% in 12 months
Zillow, July 2026
Median sale price
$209,999
Last published period
Redfin, through October 2025
Days on market
243
Slow-moving
Redfin, through October 2025
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$43,750
Home costs 3.3x income
U.S. Census ACS, 2023
Sale-to-list ratio
100.0%
Selling above asking
Redfin, through October 2025
Zillow figures are as of July 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Colony a buyer's or seller's market?
Colony, AL is a leaning buyer's and homes selling in about 243 days. We classify markets from months of supply, sale-to-list ratio and days on market together — no single number decides it.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Colony housing market data show?
Every row below is Redfin's final published month for Colony, AL. Redfin, through October 2025
| Metric | Value |
|---|---|
| Median sale price | $209,999 |
| Median price per sq ft | $117/sq ft |
| Median days on market | 243 days |
| Sale-to-list price ratio | 100.0% |
| Homes sold (that month) | 1 |
| Market condition | Leaning buyer's |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Colony is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Colony is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Colony home prices moved?
Across the 4 months we hold for Colony, AL, the median sale price rose 460.0%, from $37,500 in October 2022 to $209,999. The live Zillow value series has fell 11.1% in the last 12 months, which is the more current read now that Redfin's series has stopped.
Redfin, through October 2025 — the chart ends at Redfin's final published month.
Get Colony market alerts
Weekly updates on prices, inventory, and trends. Free forever.
What does it cost to buy a home in Colony?
Priced off the typical home value of $142,693 at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $28,539 | $114,154 | $734/mo |
| 5% | $7,135 | $135,558 | $871/mo |
Zillow, July 2026 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $734, that implies roughly $31,439 a year before you add taxes and insurance. The median household in Colony earns $43,750, about $12,311 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 3.3x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Colony in the next 12 months?
Tell us your timeline. We send the Colony market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Colony?
Zillow does not publish a rent index (ZORI) for Colony, AL, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Colony?
Active listings in Colony, AL went from 1 in October 2022 to 1 in March 2023, a +0.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| October 2022 | 1 | not published |
| March 2023 | 1 | 1 |
Redfin, through March 2023
How does Colony compare to Alabama and the U.S.?
Colony homes sell for $209,999 — 33% below the Alabama median of $312,600. Against the national median of $410,700, Colony runs 49% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Colony, AL | $209,999 | not published | 243 days |
| Alabama statewide | $312,600 | +7.2% | 57 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through October 2025 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Colony
What buyers should watch
- The gap between 5% and 20% down here is $138 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $142,693 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Colony listing goes under contract in 243 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 100.0% of asking. Price at the number you want and let competition do the rest.
- Your equity moved -11.1% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Colony varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Colony
Explore homes currently listed for sale in Colony, Alabama across major real estate platforms.
How much do homes cost in Colony by property type?
How the Colony, AL market breaks down across single-family homes, condos and townhouses. Redfin, through October 2025
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $209,999 | $117/sq ft | 1 | 243 days |
Who lives in Colony?
American Community Survey estimates for Colony. U.S. Census ACS, 2023
Population
261
Households
100
Median income
$43,750/yr
Median age
42.2 years
Owner-occupied
80.0%
Median home value
$60,800
Median gross rent
$638/mo
Mean commute
20.9 min
80.0% of occupied homes in Colony are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $60,800 against Zillow's $142,693 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which cities are near Colony, AL?
Ordered by distance from Colony, not by size. Compare Colony side by side with any of them.
Colony housing market FAQ
Is Colony a buyer's or seller's market?
Colony, AL is currently a leaning buyer's based on the supply, pace-of-sale and sale-to-list data we hold for this city. Redfin's public market tracker last published in May 2026, so this classification will not move until a new source fills that gap.
How much do homes cost in Colony?
The typical home in Colony, AL is worth $142,693 (Zillow Home Value Index, July 2026). The median sale price in the last month Redfin published was $209,999, about $117 per square foot.
Is Colony cheaper than the rest of Alabama?
Colony's median sale price of $209,999 is 33% lower than the Alabama statewide median of $312,600, and 49% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Colony?
Homes in Colony, AL spent a median of 243 days on market before going under contract, versus 57 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Colony?
At the current 30-year fixed rate of 6.66%, 20% down on a $142,693 home is about $734 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $31,439 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $43,750.
Are home prices rising in Colony?
The typical home value in Colony, AL fell 11.1% over the last 12 months, from $160,447 to $142,693 (Zillow, July 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Colony?
Colony ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Colony?
That depends on your timeline, not on a headline. What the data says today: Colony, AL is a leaning buyer's, the 30-year fixed rate is 6.66%. Properties Incorporated publishes the data; it does not give financial advice.
Be the brokerage on this page
1 slot per pageGet featured on Colony, AL
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Keep researching Colony
Nearby markets
Get the Colony market brief
Get the Colony, AL market brief
One email: what homes are actually clearing at around $142,693, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.