Colonial Heights Home Prices & Values

No data Zillow Home Value Index

  • No data1-year change
  • No data 1-year forecast

Market Temperature: ColdWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median list price per square foot in Colonial Heights is $93, which is lower than the Richmond Metro average of $118. The median price of homes currently listed in Colonial Heights is $144,950 while the median price of homes that sold is $145,450. The median rent price in Colonial Heights is $950, which is lower than the Richmond Metro median of $1,100.

Foreclosures will be a factor impacting home values in the next several years. In Colonial Heights 2.0 homes are foreclosed (per 10,000). This is lower than the Richmond Metro value of 4.0 and also lower than the national value of 4.4

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Colonial Heights is 3.7%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Colonial Heights homeowners underwater on their mortgage is 24.6%, which is higher than Richmond Metro at 20.3%.

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Relative ZHVI
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Colonial Heights Market Overview

Data through Jul 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $144,950 Median listing price
  • $145,450 Median sale price
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Colonial Heights Market Health

Data through Jul 31, 2014
  • 1.1/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average days on Zillow
  • 24.6% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 3.7% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

2 homes(Jun 30, 2014) Colonial Heights
4 homes Richmond Metro
4.4 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Chesterfield $203,200 Bon Air $194,400 Chester $188,700
Sandston $147,700 Richmond $141,300 Bellwood $131,700
Bensley $117,400 Highland Springs $101,600 Montrose $95,500

Listings & Sales

Data through Jul 31, 2014
  • $93 Median list price / sq ft
  • $90 Median sale price / sq ft
  • 42.4% Listings with price cut
23.5%
Sold below listing
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Colonial Heights Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,207 Colonial Heights
$1,306 Richmond Metro
$1,318 United States
  • 2.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $950 Rent list price
  • $0.81 Rent list price / sq ft
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