Colonie, NY Foreclosures
How much do homes sell for in Colonie, NY?
The average home price is currently $349,442.
In Colonie, NY, how many homes are available?
There are currently 12 active home listings available in Colonie.
What’s the average rental cost in Colonie, NY?
The average rental price in Colonie is $1,629.
What is the most expensive home in Colonie?
The most expensive home sold in Colonie had a price of $5,017,379.
What is currently the cheapest priced home in Colonie, NY?
The cheapest home for sale in Colonie is priced at $17,146.
Living in Colonie, NY
Colonie, NY is a vibrant suburban town known for its family-friendly atmosphere and access to a variety of amenities. It boasts excellent schools, numerous parks, and a strong sense of community. Living in Colonie allows residents to enjoy suburban tranquility while being just a short drive away from the bustling city of Albany.
Current Market Conditions in Colonie, NY
The current real estate market in Colonie is showing signs of stability, with a steady demand for homes. Buyers are drawn to the community's desirability due to its amenities, quality schools, and convenient location. As a result, home prices have seen moderate increases over the past few months, making it a competitive market.
Recent trends indicate that the housing inventory remains low, which is creating upward pressure on pricing, especially for family-friendly homes. With interest rates fluctuating, potential buyers are encouraged to act quickly as homes are often going under contract shortly after listing.
Home Value Estimator For Colonie, NY
There are currently 9,303 real estate properties
in Colonie, NY,
with a median automated valuation model (AVM) price
of $332,217.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Colonie, NY, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Colonie, NY,
is $349,442.00, with the most expensive house
in Colonie, NY, topping out
at $5,017,379.00 and the cheapest home
in Colonie, NY,
clocking in at $17,146.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Colonie, NY!
Rent Prices
In Colonie, NY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Colonie, NY, is on
a rollercoaster ride. The
average rent price in Colonie, NY,
is $1,629.00. Indeed, when looking to rent in
Colonie, NY, you can expect to pay as little
as $730.00 or as much
as $3,960.00,
with the average rent median estimated to
be $1,600.00. The good news is that finding
an affordable and desirable property to rent in Colonie, NY
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
