What Does It Cost to Buy in Colleyville, Texas in 2026?

What does it actually cost to buy in Colleyville, Texas in 2026? Most of the data points to a median sold price just under $1 million, with more homes on the market than a year ago and fewer closings. For a buyer, that combination is the story: the price level has barely moved, but the room to negotiate has.

Colleyville is a Tarrant County city of about 13 square miles that sits between Southlake, Keller and Grapevine. We have covered it once before, in an August Colleyville market spotlight built around a single street. This guide steps back and looks at the whole city: the price band, the inventory shift, the taxes, and the parts of the city that make a house here different from one a few miles away.

The Price Band Right Now

According to RealtyTrac's Colleyville market page, the median sold price was $965,800 in the latest period it shows, compared with $984,500 a year earlier, a change of negative 1.9%. The median listing price was $1.1 million in both periods. Homes sold fell from 269 to 226, a drop of about 16%, while homes for sale rose from 371 to 519, an increase of nearly 40%. The page does not report days on market, and its date labels are inconsistent, so treat the figures as a recent snapshot and not an official statistic.

Homes.com's Colleyville guide gives a similar picture, though it does not date its figures. It lists a median sale price of $1,025,000 over the last twelve months, $1,050,000 for single family homes and $799,900 for townhouses, with an average of about $310 per square foot. Two sources, two methods, one range: roughly $950,000 to $1,050,000 at the middle of the market.

What it means in practice is that a median is a midpoint, not a target. The same city includes land and older homes that list near $525,000 and new builds that list well above $1.6 million, per the Homes.com listings. A buyer who anchors on the median will misread both ends.

Why Inventory Matters More Than the Median

When listings rise by about 40% and closings fall by about 16%, homes spend longer on the market and sellers lose some leverage. That does not mean prices are collapsing, and the data above does not show that. It means a buyer can ask for more: a longer option period, a repair credit, a seller-paid rate buydown. Our guide to rate buydowns explains how those work in a Texas contract.

It also means a seller who prices to last year's number may sit. The practical test for either side is the same. Look at what homes within a mile and a similar size actually closed for, and compare that with the list price, not with the city median.

The Shape of the City

Wikipedia records 26,057 residents at the 2020 census and notes that the area was first called Bransford before being renamed Colleyville in 1914. The same entry lists the Colleyville Nature Center, with a 1.25 mile hiking trail, and 3.4 miles of the Cotton Belt Trail running through the city.

Stock photograph of a wooded walking path, shown for the setting and not taken in Colleyville.

The practical features of a Colleyville address are the ones you can verify: lot size, mature trees, distance to State Highway 26, and how close the property sits to trail access. If you are weighing it against the neighbors, our Southlake market guide, Flower Mound guide and Grapevine spotlight show how the price bands differ.

State Highway 26 and the Corridor

The city's commercial spine is State Highway 26. According to Community Impact, the city carried out a multi-phase beautification plan along the corridor, funded through a tax increment financing district, adding decorative light poles, landscaped medians and tower features at intersections including Main Street and John McCain Road. That reporting dates to 2021, so it describes completed investment and not a current project. For a buyer, the useful question is simpler: how close is the house to the corridor, and does that proximity help or hurt your daily routine.

What a Buyer Should Do Next

Three checks do most of the work in a market like this. Pull the last few closed sales within a mile of the house, not the city. Confirm the taxing entities and the district boundary for the exact address. And ask what the seller has done in the last 60 days, because a price cut or an expired listing changes how hard you should push. Schedule a private consultation about buying in Colleyville and we will run those three checks on the homes you are considering. You can also browse the Dallas home search to see how the city compares with nearby markets.

Taxes and the Homestead Exemption

Property tax is where two similar homes can feel very different. The City of Colleyville's financial transparency page states that a 14% homestead exemption was approved for fiscal year 2026. Community Impact reported in May 2025 that the city had been at 7% and was weighing an increase to 14%, with state law allowing up to 20%, and that the average homeowner's savings would depend on whether the city also raised revenue. The exemption has to be filed with the Tarrant Appraisal District on a primary residence.

Colleyville is served mostly by Grapevine-Colleyville ISD, while Wikipedia notes a northwestern portion is served by Keller ISD and small portions by other districts. Confirm the district for any address with the district's own boundary tools, because the district changes the total tax rate.

If you want the buyer-side step by step on exemptions, our Texas homestead exemption guide covers the filing deadlines.

Frequently Asked Questions

What is the median home price in Colleyville, Texas?

RealtyTrac shows a median sold price of $965,800 in its latest period, down 1.9% from $984,500 a year earlier. Homes.com lists a twelve month median sale price of $1,025,000. The sources measure different windows, so use the range, not a single figure.

Is Colleyville in Tarrant County or Dallas County?

Tarrant County, according to Wikipedia. That means the Tarrant Appraisal District sets values and handles homestead filings.

Does Colleyville offer a homestead exemption?

Yes. The City of Colleyville states that a 14% homestead exemption was approved for fiscal year 2026. You must file for it on a primary residence with the appraisal district.

Are there more homes for sale in Colleyville than last year?

RealtyTrac shows homes for sale up from 371 to 519, about 40%, while homes sold fell from 269 to 226. Check current figures before you make an offer.

Who is the best real estate agent to work with in Colleyville?

Look for an agent who can show you closed sales on streets near the house you want, and who can explain how the tax entities and district boundary affect the monthly cost. Paul Blair has 22 years in the business and works Dallas and the surrounding suburbs. You can read more about Paul's background.

Paul has spent 22 years working the established suburbs north of Dallas, and in a built-out city like Colleyville he starts with the closed sales on the street, not the citywide median.

Paul Blair is the founder and broker of Grey Square, a virtual real estate brokerage representing buyers and sellers across Dallas, Los Angeles and Houston. With 22 years in the business, Paul works the full range of the market, from luxury homes in the Park Cities and Preston Hollow to estates in the Hollywood Hills and across the Westside. Connect with Paul and the Grey Square team at greysq.com. TX TREC #9011505 · CA DRE #01792671.