Colony, KS

Real estate in Colony, KS is a hot commodity. With a population of just over 2,000 people, the town has seen an influx of new residents in recent years thanks to its proximity to Wichita and Kansas City. This has led to increased demand for housing and property, which has driven prices up significantly.

Colony is located in Sedgwick County, which is one of the most affluent counties in Kansas. This has helped to fuel the demand for real estate here, as well as contributing to the high prices that are currently being paid. There are a number of factors that have contributed to this trend, including the strong economy and growing population in Wichita and Kansas City.

The median price for homes in Colony was $269,900 as of September 2017. This represents an increase of over 60% from 2016 levels and indicates just how hot the market is right now. The average list price for homes during this same period was $339,500 – indicating that there is still plenty of demand out there for properties in Colony.

One thing that could potentially slow down or even reverse this trend is if interest rates start to rise again from their current low levels. If this happens, it could lead some potential buyers back into other markets where prices are lower overall – such as nearby Olathe or Overland Park – which would impact sales figures here in Colony somewhat too.