Colonial Hills vs Jasmine Lakes
Two Pasco communities, compared on the numbers that decide it — price, pace, and supply — from live MLS data as of 2026-10-02.
| Metric | Colonial Hills | Jasmine Lakes |
|---|---|---|
| Median sale price | $240K | $237K |
| Price per sq ft | $188 | $194 |
| Avg days on market | 48 days | 59 days |
| Months of supply | 1.2 mo | 2.8 mo |
| Market | Seller's Market | Seller's Market |
| 1-year price change | False | False |
| Recent closings | 92 | 87 |
The verdict
Colonial Hills carries the higher median price — about 1% above Jasmine Lakes. Homes in Colonial Hills sell faster (48 days on market vs 59). Colonial Hills is the tighter market on inventory (1.2 months of supply).
Where each one is
| Colonial Hills | Jasmine Lakes | |
|---|---|---|
| County | Pasco County, FL | Pasco County, FL |
| City / area | New Port Richey | Port Richey |
| ZIP | 32803, 34652, 34653 | 34668 |
| FEMA flood zones (sampled parcels) | 95% of 21 homes outside a flood zone (Zone X) | all 30 sampled homes outside a flood zone |
Distances are straight-line; driving distance is usually 15 to 30 percent more. Flood-zone shares come from FEMA flood maps matched to sampled parcels; always check the exact address before you close.
What is for sale today
| Colonial Hills | Jasmine Lakes | |
|---|---|---|
| Homes for sale now | 9 | 20 |
| Under contract | 7 | 11 |
| Asking prices today | $214K to $335K | $200K to $339K |
| Property types listed | Single Family Residence | Single Family Residence |
Live MLS counts, refreshed with every listing pull. Browse them: Colonial Hills homes for sale · Jasmine Lakes homes for sale.
The homes themselves
| Colonial Hills | Jasmine Lakes | |
|---|---|---|
| Homes (parcels) | 458 | 344 |
| Built | 1967–2024 (median 1970) | 1960–2021 (median 1973) |
| Typical living area | 1,365 sq ft | 1,442 sq ft |
| Homesteaded (owner-occupied) share | 57% | 54% |
Housing-stock figures from the Florida Department of Revenue 2025 assessment roll (public records).
Price history, year by year
| Year | Colonial Hills median | Jasmine Lakes median |
|---|---|---|
| 2012 | $51K (17 sales) | $40K (11 sales) |
| 2013 | $53K (24 sales) | $42K (16 sales) |
| 2014 | $49K (40 sales) | $54K (37 sales) |
| 2015 | $72K (66 sales) | $60K (44 sales) |
| 2016 | $73K (84 sales) | $70K (90 sales) |
| 2017 | $96K (79 sales) | $87K (90 sales) |
| 2018 | $111K (21 sales) | $100K (22 sales) |
| 2019 | $129K (15 sales) | $127K (13 sales) |
| 2021 | $210K (22 sales) | $182K (14 sales) |
| 2022 | $235K (117 sales) | $220K (85 sales) |
| 2023 | $255K (50 sales) | $244K (46 sales) |
| 2024 | $248K (59 sales) | $240K (68 sales) |
| 2025 | $250K (87 sales) | $245K (62 sales) |
| 2026 | $239K (69 sales) | $236K (68 sales) |
Since 2012, Colonial Hills's median sale price is +369% and Jasmine Lakes's is +491% — Jasmine Lakes has appreciated faster over that stretch.
How each one trades
| Colonial Hills | Jasmine Lakes | |
|---|---|---|
| Sale-to-original-list | 97.6% | 96.3% |
| New-construction share of sales | 0% | 0% |
| Typical sold home | 1,310 sq ft | 1,211 sq ft |
| Momentum market-heat score | 40 (normal) | 45 (normal) |
Last 12 months of recorded closings; sale-to-original-list is the share of the first asking price sellers actually got.
Schools the listings are zoned for
| Colonial Hills | Jasmine Lakes | |
|---|---|---|
| Elementary | Anclote Elementary-Po | Fox Hollow Elementary-Po |
| Middle | Gulf Middle-Po | Bayonet Point Middle-Po |
| High school | Gulf High-Po | Fivay High-Po |
The school most often recorded on each community's MLS listings. Always confirm a specific address with the district.
Which one fits
On budget alone, Jasmine Lakes is the lower entry point (median $237K vs $240K). Buyers who want newer construction (fewer near-term roof, HVAC and re-plumb items, and easier insurance quotes in Florida) will find it in Jasmine Lakes; Colonial Hills trades that for a more established street and, typically, larger lots. Sellers get a faster sale in Colonial Hills (48 days on market on average); buyers get more negotiating room where homes sit longer.
Neither number set decides it: drive both on a weekday evening, check the HOA documents and the flood zone for the exact street, and price the insurance before you write an offer. A Momentum agent who works both communities can pull the comparable sales for any two specific homes.
Questions people ask
Is Colonial Hills more expensive than Jasmine Lakes?
Yes, on recent sales: the median sale price in Colonial Hills is $240,000 versus $237,000 in Jasmine Lakes, about 1% higher.
Which has newer homes, Colonial Hills or Jasmine Lakes?
Jasmine Lakes: its homes were built 1960–2021 with a median year of 1973, versus a median of 1970 in Colonial Hills (Florida DOR assessment roll).
Which has appreciated more, Colonial Hills or Jasmine Lakes?
From 2012 to 2026 the median sale price rose 369% in Colonial Hills and 491% in Jasmine Lakes (recorded MLS closings by calendar year).
Where do sellers get closer to asking price?
Colonial Hills — sellers there received 97.6% of the original list price over the last 12 months versus 96.3% in Jasmine Lakes.
What high schools serve Colonial Hills and Jasmine Lakes?
Listings in Colonial Hills most often report Gulf High-Po; listings in Jasmine Lakes report Fivay High-Po. Zoning is set by the district and can change - verify by address.
Go deeper on each: Colonial Hills homes, photos & schools · Jasmine Lakes homes, photos & schools
Figures are aggregates from realMLS / DBAAR, updated regularly. Thinking about either? Talk to Momentum Realty.