Home Values

Town of Colonie Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$199,000

  • -4.0% 1-year change
  • -0.0% 1-year forecast

The median home value in Town of Colonie is $199,000. Town of Colonie home values have declined -4.0% over the past year and Zillow predicts they will fall -0.0% within the next year. The median list price per square foot in Town of Colonie is $158, which is higher than the Albany Metro average of $133. The median price of homes currently listed in Town of Colonie is $239,900 while the median price of homes that sold is $230,400. The median rent price in Town of Colonie is $1,150, which is lower than the Albany Metro median of $1,200.

Foreclosures will be a factor impacting home values in the next several years. In Town of Colonie 0.5 homes are foreclosed (per 10,000). This is lower than the Albany Metro value of 2.4 and also lower than the national value of 4.0

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 Town of Colonie is 7.0%, which is higher 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 Town of Colonie homeowners underwater on their mortgage is 12.0%, which is lower than Albany Metro at 12.6%.

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Relative ZHVI
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Town of Colonie Market Overview

Data through Sep 30, 2014
  • $199,000 ZHVI
  • -0.0% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Sep 30, 2015)
  • $239,900 Median listing price
  • $230,400 Median sale price
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Town of Colonie Market Health

Data through Sep 30, 2014
  • 6.9/10 Healthy
    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
  • 12.0% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 7.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

0.5 homes Town of Colonie
2.4 homes Albany Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Guilderland $233,000
Town of Niskayuna $211,200
Menands $199,500
Name Median ZHVI
Westmere $195,200
Albany $151,300
Cohoes $145,100
Name Median ZHVI
Troy $130,600
Rensselaer $127,600
Watervliet $124,400

Listings & Sales

Data through Sep 30, 2014
  • $158 Median list price / sq ft
  • $152 Median sale price / sq ft
  • 51.6% Listings with price cut
13.8%
Sold below listing
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Town of Colonie Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,529 Town of Colonie
    $1,497 Albany Metro
    $1,335 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,150 Rent list price
  • $1.14 Rent list price / sq ft
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