Colonial Hills vs Magnolia Valley
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 | Magnolia Valley |
|---|---|---|
| Median sale price | $240K | $255K |
| Price per sq ft | $188 | $183 |
| Avg days on market | 48 days | 105 days |
| Months of supply | 1.2 mo | 2.2 mo |
| Market | Seller's Market | Balanced Market |
| 1-year price change | False | False |
| Recent closings | 92 | 39 |
The verdict
Magnolia Valley carries the higher median price — about 6% above Colonial Hills. Homes in Colonial Hills sell faster (48 days on market vs 105). Colonial Hills is the tighter market on inventory (1.2 months of supply).
Where each one is
| Colonial Hills | Magnolia Valley | |
|---|---|---|
| County | Pasco County, FL | Pasco County, FL |
| City / area | New Port Richey | New Port Richey |
| ZIP | 32803, 34652, 34653 | 34653 |
| FEMA flood zones (sampled parcels) | 95% of 21 homes outside a flood zone (Zone X) | 18% of 17 homes outside a flood zone (Zone X) |
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 | Magnolia Valley | |
|---|---|---|
| Homes for sale now | 9 | 7 |
| Under contract | 7 | 1 |
| Asking prices today | $214K to $335K | $85K to $278K |
| Property types listed | Single Family Residence | Condominium, Single Family Residence |
Live MLS counts, refreshed with every listing pull. Browse them: Colonial Hills homes for sale · Magnolia Valley homes for sale.
The homes themselves
| Colonial Hills | Magnolia Valley | |
|---|---|---|
| Homes (parcels) | 458 | 239 |
| Built | 1967–2024 (median 1970) | 1969–1989 (median 1977) |
| Typical living area | 1,365 sq ft | 1,609 sq ft |
| Homesteaded (owner-occupied) share | 57% | 61% |
Housing-stock figures from the Florida Department of Revenue 2025 assessment roll (public records).
Price history, year by year
| Year | Colonial Hills median | Magnolia Valley median |
|---|---|---|
| 2012 | $51K (17 sales) | $48K (4 sales) |
| 2014 | $49K (40 sales) | $51K (14 sales) |
| 2015 | $72K (66 sales) | $60K (19 sales) |
| 2016 | $73K (84 sales) | $79K (42 sales) |
| 2017 | $96K (79 sales) | $108K (36 sales) |
| 2018 | $111K (21 sales) | $128K (17 sales) |
| 2019 | $129K (15 sales) | $133K (7 sales) |
| 2021 | $210K (22 sales) | $233K (11 sales) |
| 2022 | $235K (117 sales) | $250K (47 sales) |
| 2023 | $255K (50 sales) | $260K (16 sales) |
| 2024 | $248K (59 sales) | $255K (27 sales) |
| 2025 | $250K (87 sales) | $258K (28 sales) |
| 2026 | $239K (69 sales) | $255K (37 sales) |
Since 2012, Colonial Hills's median sale price is +369% and Magnolia Valley's is +426% — Magnolia Valley has appreciated faster over that stretch.
How each one trades
| Colonial Hills | Magnolia Valley | |
|---|---|---|
| Sale-to-original-list | 97.6% | 94.7% |
| New-construction share of sales | 0% | 0% |
| Typical sold home | 1,310 sq ft | 1,307 sq ft |
| Momentum market-heat score | 40 (normal) | 27 (cold) |
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 | Magnolia Valley | |
|---|---|---|
| Elementary | Anclote Elementary-Po | Calusa Elementary-Po |
| Middle | Gulf Middle-Po | Chasco Middle-Po |
| High school | Gulf High-Po | Gulf 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, Colonial Hills is the lower entry point (median $240K vs $255K). Buyers who want newer construction (fewer near-term roof, HVAC and re-plumb items, and easier insurance quotes in Florida) will find it in Magnolia Valley; 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 Magnolia Valley more expensive than Colonial Hills?
Yes, on recent sales: the median sale price in Magnolia Valley is $255,000 versus $240,000 in Colonial Hills, about 6% higher.
Which has newer homes, Colonial Hills or Magnolia Valley?
Magnolia Valley: its homes were built 1969–1989 with a median year of 1977, versus a median of 1970 in Colonial Hills (Florida DOR assessment roll).
Which has bigger homes?
Magnolia Valley. The typical home there is 1,609 sq ft of living area, versus 1,365 sq ft in Colonial Hills.
Which has appreciated more, Colonial Hills or Magnolia Valley?
From 2012 to 2026 the median sale price rose 369% in Colonial Hills and 426% in Magnolia Valley (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 94.7% in Magnolia Valley.
What high schools serve Colonial Hills and Magnolia Valley?
Listings in Colonial Hills most often report Gulf High-Po; listings in Magnolia Valley report Gulf High-Po. Zoning is set by the district and can change - verify by address.
Go deeper on each: Colonial Hills homes, photos & schools · Magnolia Valley homes, photos & schools
Figures are aggregates from realMLS / DBAAR, updated regularly. Thinking about either? Talk to Momentum Realty.