Colonial Heights Housing Market Report February 2025•Chesterfield County, Virginia

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Housing Prices in Colonial Heights, VA

How much do homes in Colonial Heights, VA cost?

Housing Market Conditions

Is Colonial Heights, VA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Colonial Heights is a Seller's Market

Difference Since February 2024

Since last year, Colonial Heights has remained a Seller's Market.

Insight

Colonial Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$296,333$186/SqFt
+$21,333
+7.8%

Based on all homes sold in the last 12 months

Insight

Homes in Colonial Heights have sold for 7.8% more than they did a year ago.

Summary: The median home sold price in Colonial Heights was $296,333 in February 2025, up 7.8% from last year, and the median price per square foot was $186.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Petersburg
+12.6%
Colonial Heights
+7.8%
Bermuda
+7.1%
Chester
+6.9%
Colonial Heights
+6.0%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1--
N/A
2$192.5K$200K
+3.9%
3$265K$278.4K
+5.1%
4$319.9K$346.9K
+8.5%
5$415K$440K
+6.0%

Summary: Colonial Heights housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +3.9%. The home price for 3 bedroom homes increased by +5.1%. The home price for 4 bedroom homes increased by +8.5%. The home price for 5 bedroom homes increased by +6.0%.

How does Colonial Heights, VA compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Colonial Heights, VA

Housing supply in Colonial Heights, VA

How many homes are available in Colonial Heights, VA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
82Last MonthFeb 2025
832 months agoJan 2025
-1.2 %
Change MoMJan – Feb

Summary: The Colonial Heights real estate market had 82 homes for sale in Feb 2025, a 1.2 % decrease compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
19Last MonthFeb 2025
222 months agoJan 2025
-13.6 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
100
0.0%
287
-12.5%
34645
-2.2%
42021
+5.0%
599
0.0%

Summary: Colonial Heights housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -12.5%. The inventory for 3 bedroom homes decreased by -2.2%. The inventory for 4 bedroom homes increased by +5.0%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Colonial Heights, VA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price6 Homes

At Asking Price7 Homes

Under Asking Price6 Homes

Insight

If you're buying a home in Colonial Heights, expect to pay close to the asking price. 36.8% of homes here sold near the asking price last month.

Summary: A total of 19 homes were sold or pending in Colonial Heights in February 2025, down by 13.6% month-over-month. Of the 19 sold homes, 32% were sold under asking, 37% were sold at asking, and and 32% were sold over asking.

Days on Market for Colonial Heights, VA

How long does it take to sell a home in Colonial Heights, VA?

Breakdown of Home Sale Times

Under 30 Days14 Homes

30 – 90 Days5 Homes

Over 90 Days0 Home

Insight

Many homes in Colonial Heights are selling fast, if you're buying plan to act quickly.

Summary: During February 2025, 19 homes were sold in Colonial Heights; 74% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
21 DaysThis YearFeb 2025
36 Days1 year agoFeb 2024
-40.1 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Colonial Heights had an average listing age of 21 days in Feb 2025, down by 40.1% compared to the previous year.

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Newest Listings in Colonial Heights, VA

What homes are available in Colonial Heights, VA?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from Central Virginia Regional MLS, BrightMLS, and North Texas Real Estate Information Systems Inc. for the period 03/01/2023 - 03/01/2025

IDX All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2025 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 10:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 10:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX ©2025 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 3/13/2025, 10:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.