Colonial Hills in New Port Richey

Colonial Hills
Homes for Sale in New Port Richey, FL

Community in New Port Richey · Pasco County · ZIP 32803
458 homesBuilt 1967–2024Median sale $239K
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Live Market Pulse
40/100
Market Heat
Normal for Colonial Hills
2013 → 2026 · 79 at the 2017 peak
0 is Colonial Hills's coldest market since 2013, 100 its hottest. Today: 40. How it's scored
Built fromLive Stellar MLS data22 years of closingsFL DOR public recordsUpdated twice daily
Live · Colonial Hills Housing Pulse Stellar MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 10,000+ customers served · Top 1% in Florida (RealTrends)
Price
$239K ▼
Median sold · 12 mo
down 4.4% vs the prior 12 months
-4.4% ▼
1-yr price change
n = 69 and 87 sales in the two windows
$195/sf
Sold $/sqft · 12 mo
peak $204 in 2024
97.6%
Sale vs ask
+369%
T12M median vs 2012
from a $51K median in 2012
Tempo
18days
Median DOM · closed
4 days at the 2021 low
0 · 0
For sale · pending
live counts, refreshed twice daily
69
Sold · last 12 mo
10-yr average: about 52 a year
Ownership and context
57%
Owner-occupied · Colonial Hills
263 of 458 parcels homesteaded (FL DOR 2025)
43%
Non-owner-occupied · Colonial Hills
incl. 13% trust or LLC-held · 10% out-of-state
27%
Cash buyers · Colonial Hills
21 of 77 sales, 12 mo ending June 2026
458
Homes in the community
458 residential parcels (FL DOR 2025)
Track record · 22 years of records
1967–2024
Years homes were built
median 1970 · county roll (FL DOR 2025)
28
Failed listings · 2026
peaked at 247 in 2021
1,310sqft
Median sold home size
12-mo windows, closed sales
15.1%/yr
Turnover rate
about 69 of 458 homes trade a year

Homes For Sale Right Now in Colonial Hills

Live MLS inventory for Colonial Hills. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.

Active and pending Colonial Hills listings as of 2026-10-23, priced high to low. Based on Stellar MLS data distributed by MLS GRID for the period 2004 through 2026. Tap any home to ask about it.

Colonial Hills Housing Pulse · Momentum Research · as of August 2, 2026

Colonial Hills right now

🟡 Off the recent peak. The trailing-12-month median ($239K) is down 4.4% from the prior 12 months ($250K) and up 369% since 2012.Momentum Research, record-level Stellar MLS closed sales, 12-month windows ending August 2. Confidence: Very High (69 and 87 sales in the two windows).

Jump to: Price history & scorecard · Homes for sale · Schools · FAQ

· Updated August 2, 2026 · Live data: Stellar MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness

The 60-Second Overview

Colonial Hills market snapshot (as of August 2, 2026): the median sale price is about $239K ($195 per sq ft over the trailing 12 months of closed sales), and a median 18 days on market for closed sales. The trailing-12-month median is down 4% from the prior 12 months and up 369% since 2012, computed from record-level Stellar MLS closed sales (69 closings in the current window).

Colonial Hills is a community of 458 homes in New Port Richey, Pasco County, built between 1967 and 2024 (median 1970), with a median living area of about 1,365 square feet. 57% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).

Price History: What Homes Here Have Actually Sold For

Median sale price over the trailing 12 months ending August 2 of each year, from record-level Stellar MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($239K) IS the median in the snapshot above, and the move from 2025 ($250K) IS the -4.4% one-year change.

Windows contain 0 to 117 sales each (69 in the current window); every figure carries its sample size. Based on Stellar MLS data distributed by MLS GRID for the period 2004 through 2026. Deemed reliable but not guaranteed.

Median sale price · trailing 12 mo
$100K$200K20122014201620182020202220242026
Down 4.4% year over year; up 369% since 2012.
Every sale since 2004 · price vs size
$0$200K$400K1k2k2k
816 closed sales; green = recent. Size sets the floor, condition and lot set the rest.
Sold $ per sq ft · trailing 12 mo
$100$20020122014201620182020202220242026
Up from $42 in 2012 to a $204 peak in 2024; $195 now.
Median days on market · closed sales
05010015020122014201620182020202220242026
4 days at the 2021 low; 18 now.
Sale price vs original ask · median
90%100%20122014201620182020202220242026
97.6% now.
Homes sold per 12-mo window
05010020122014201620182020202220242026
0 to 117 a year; 69 in the current window.
Sellers who gave up · failed listings per year
01002002004200820122016202020242026
Canceled, expired, or withdrawn. 247 quit in 2021; 28 so far in 2026. The clearest stress gauge a community has.
Market Heat · 0 coldest, 100 hottest in the record
20406080seller-leaningbuyer-leaning201420162018202220242026
79 at the 2017 peak, 23 in the troughs, 40 now. Same score as the hero card, full history.
How much local inventory is already under contract

24% of homes for sale in ZIP 32803 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-08-01).

Colonial Hills Market Scorecard

Balanced

Colonial Hills is currently a balanced market., and homes go under contract in about 42 days.

$239,000
Median sold
$208
List $/sqft
42
Days on mkt
12/5/91
Active/Pend/Sold

Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.

Live data: Stellar MLS, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.

Housing distress & ownership in COLONIAL HILLS, NEW PORT RICHEY

Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.

Active inventory in distress
0.0%
0 of 12 listings
Distress share trend — 0.0% now (2026-08-10 → 2026-10-22)

Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Based on Stellar MLS data distributed by MLS GRID for the period October 2026 through October 2026. Deemed reliable but not guaranteed.

Listing locations from Stellar MLS. Map data © OpenStreetMap contributors.

Schools

In short
  • Pasco County Public Schools
  • Verify the zoned schools by address
  • Magnet and choice options may be available
  • Pasco County Public Schools (verify by address) · Public
  • Confirm zoned elementary, middle, and high · By address
  • Magnet and choice options may apply · Choice

Zoned schools reflect the assignments reported on recent Colonial Hills listings and can change; always confirm with Pasco County Public Schools for a specific address.

Buying with schools in mind? We can confirm the exact zoned schools for any Colonial Hills address.

Recent Developments in Colonial Hills

Development, infrastructure, retail, and school activity affecting Colonial Hills, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated October 2026.

Dev Momentum71/100 · High
  1. August 2026
    Development

    Proposal would convert Port Richey hotel into 122 apartments

    HCM Hospitality seeks a rezoning to convert the 156-room La Vista Inn at 11736 U.S. 19 on 4.54 acres into a 122-unit apartment community. The Pasco County Planning Commission unanimously recommended approval with conditions, and the item goes next to the County Commission.

    What it may mean for the marketAdaptive reuse would add rental housing along the U.S. 19 corridor without new traffic beyond existing entitlements. The site is about 4 miles north of Colonial Hills.

    Source: Tampa Bay Business and Wealth
  2. July 2026
    Development

    Pomelo Square mixed-use community advances in Wesley Chapel

    Ryan Cos. and PulteGroup are advancing Pomelo Square, a mixed use development at the northeast corner of Old Pasco Road and Overpass Road in Wesley Chapel. Plans call for 415 residential units made up of 325 apartments and 90 townhomes, about 42,000 square feet of retail, and a hotel pad. Completion is targeted for the first quarter of 2028.

    What it may mean for the marketAdds a mixed use community of apartments and townhomes with retail space and a hotel pad, expanding housing and commercial supply in a growing Pasco County corridor. The project is about 24 miles east of Colonial Hills, elsewhere in Pasco County.

    Source: Florida YIMBY
  3. April 2026
    Development

    New mixed-use development planned on State Road 52 in central Pasco

    A mixed-use development planned on State Road 52 in central Pasco County, next to Pilot Country Airport, would add 108 single-family homes, about 175,000 square feet of commercial and retail space, and a 120-room hotel, with completion expected around 2030.

    What it may mean for the marketA new mixed-use community adds housing, retail, and lodging along the State Road 52 corridor in central Pasco, the kind of growth that can shape demand and pricing for nearby communities. The project is about 16 miles east of Colonial Hills, elsewhere in Pasco County.

    Source: Tampa Bay Times
  4. January 2026
    Development

    Moffitt Cancer Center opens flagship outpatient center at its new Speros FL campus in Pasco

    Moffitt Cancer Center held the grand opening of its flagship outpatient cancer center in January 2026 at Speros FL, its large new campus on State Road 52 in Pasco County. The campus is planned as a long-term life sciences and medical hub expected to bring substantial employment to the area.

    What it may mean for the marketA large new medical and life sciences campus is a long-term employment anchor for central Pasco, a structural demand driver for housing in the surrounding area. The project is about 13 miles northeast of Colonial Hills, elsewhere in Pasco County.

    Source: WUSF
  5. January 2026
    Development

    Flagship breaks ground on 46,000-square-foot Wiregrass Ranch Medical Pavilion in Wesley Chapel

    Flagship Healthcare Properties broke ground in January 2026 on a 46,000-square-foot medical pavilion at Wiregrass Ranch in Wesley Chapel, adding outpatient medical space to the growing State Road 56 corridor.

    What it may mean for the marketAdded outpatient medical space along the State Road 56 corridor deepens healthcare access and professional employment in Wesley Chapel, an amenity factor that can support nearby housing demand. The project is about 22 miles east of Colonial Hills, elsewhere in Pasco County.

    Source: HCO News

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Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.

If we were buying in Colonial Hills today, this is the order of operations we would run for our clients.

1

Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.

2

Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.

3

Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.

4

Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.

5

Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Colonial Hills.

A closer look at the Colonial Hills market

At a median of $195 per square foot, Colonial Hills prices sit in a fairly defined band, so condition and updates — more than the list price — tend to separate one home from the next.

The trailing-12-month median down 4% year over year. Homes that do trade take a median 18 days on market, useful leverage on any listing that has lingered.

The housing stock is 458 homes built between 1967 and 2024, and 57% of parcels are homesteaded — the owner-occupancy proxy in the Florida DOR assessment roll.

“

The location and the amenities are priced into every listing in Colonial Hills. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty
7.3B · Buy Score
Long-Term Appreciation10.0/10
Recent Direction4.9/10
Owner Commitment5.7/10
Pricing Power8.4/10

Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 4 factors (7.3). Basis: Long-Term Appreciation +369% since 2012; Recent Direction -4.4% year-over-year; Owner Commitment 57% owner-occupied; Pricing Power 97.6% sale-to-list. Refreshed with each data update.

The takeaway

Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Colonial Hills sales matched to your home.

What is your Colonial Hills home worth?

Get a no-obligation home value based on real comparable sales in Colonial Hills, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.

See homes for sale in Colonial Hills on the map →

Real comps, not an automated estimate.

Frequently Asked Questions

What is the median home price in Colonial Hills?
The median sale price in Colonial Hills was $239K over the 12 months ending August 2, 2026 (69 closed sales, Stellar MLS).
How long do homes in Colonial Hills take to sell?
Homes that closed in the 12 months ending August 2, 2026 took a median 18 days on market (69 sales, Stellar MLS).
How many homes are in Colonial Hills?
The Florida DOR 2025 assessment roll shows 458 homes in Colonial Hills (public records).
What share of Colonial Hills is owner-occupied?
57% of Colonial Hills parcels carry a homestead exemption on the 2025 Florida DOR roll, the owner-occupancy proxy in public records.
When were the homes in Colonial Hills built?
Homes in Colonial Hills were built between 1967 and 2024, with a median year built of 1970 (FL DOR 2025 roll).
Do cash buyers compete in Colonial Hills?
Cash buyers took 27% of Colonial Hills sales in the 12 months ending June 2026 (21 of 77 closings, Stellar MLS).
Have Colonial Hills home prices gone up?
The trailing-12-month median is up 369% since 2012, from $51K to $239K (Stellar MLS closed records).
What schools serve Colonial Hills?
Colonial Hills is served by Pasco County Public Schools, typically Pasco County Public Schools (verify by address) and Confirm zoned elementary, middle, and high. Confirm the exact zoning by address with the district.
Who is the best real estate agent for Colonial Hills?
The best agent for Colonial Hills is one who actively works New Port Richey and knows the community's pricing, fees, and current inventory. Tell us what you're looking for in the form on this page and Momentum Realty will match you with a local specialist for Colonial Hills.
How do I find a top New Port Richey real estate agent who knows Colonial Hills?
Share a few details in the form on this page. Momentum Realty has 320+ agents and more than $3.5B in closed sales, and we'll connect you with one who knows Colonial Hills and the wider New Port Richey area.
Can Momentum Realty connect me with an agent for Colonial Hills?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your Colonial Hills purchase or sale - no call center and no pressure.

Nearby Communities

Explore more neighborhoods near Colonial Hills with Momentum Realty’s local guides.

CHColonial Hills0.0 mi awayLa Villa Gardens0.3 mi away · median $231K, 13 sales/12 moSOShadow Oaks0.5 mi away · 56 homes, built 1980–07, 1 for saleSpring Lake Estates0.5 mi away · median $210K, 3 sales/12 moHHighland0.6 mi away · 42 homes, built 1956–83SOShadow Oaks0.6 mi away · 51 homes, built 1980–07PPPinehurst Park Jm Mitchells0.6 mi away · 27 homes, built 1920–15

Browse all neighborhood guides →

Data sources & freshness

Live listingsStellar MLS, refreshed twice daily (last: October 23, 2026)
Community market statsStellar MLS closed sales, 12-month windows ending August 2, 2026
Housing stock & ownershipFlorida DOR assessment roll (community parcel extract)
Under-contract sharesStellar MLS records, as of 2026-08-01
Schools2025-26 district assignments + FLDOE school grades; verify with the district
Historical depthClosed-sale records back to 2004 (816 transactions analyzed)

Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.

Momentum Research figures are our own analysis of Stellar MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.

Own a home here?

You just read the data. Now see what your home is worth.

The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Stellar MLS member average and 8 days faster, and we’ll price yours against live local comps.

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Thinking of selling in COLONIAL HILLS? 69 recorded closings; median 18 days on market (window ending 2026-08-02). See the Pasco County sell-now-or-wait data, what made 201,552 Florida listings fail in the last 12 months, or compare a cash offer vs. listing. Compiled from MLS records; deemed reliable but not guaranteed.
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