Foreclosure Homes in Colony, OK 73021

Current Market Conditions in Colony, OK

The real estate market in Colony is currently showcasing stability, with a gradual increase in home prices due to the growing demand for peaceful living spaces in smaller towns. The recent year has seen an uptick in interest as more families look for homes outside urban areas, leading to increased sales activity and a slight reduction in inventory levels.

As of recent trends, the market is leaning towards a seller's market with homes receiving multiple offers within days of being listed, indicating a solid demand. Many buyers are drawn to the area's affordable prices compared to nearby urban centers, making it an attractive alternative.

Rent Prices In Colony, OK

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Colony, OK, is on a rollercoaster ride. The average rent price in Colony, OK, is $1,145.00. Indeed, when looking to rent in Colony, OK, you can expect to pay as little as $560.00 or as much as $2,240.00, with the average rent median estimated to be $1,140.00. The good news is that finding an affordable and desirable property to rent in Colony, OK -- 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.