What Does $599,000 Buy in Colleyville, Texas Right Now?

What does $599,000 buy in Colleyville, Texas right now?

At the moment it buys 607 Field St — a 1,782-square-foot, three-bedroom, two-bath house built in 1976, on three-tenths of an acre in the Colleyville Estates subdivision, with an in-ground pool and a rear fence line that opens onto Colleyville City Park and its trail system. It is asking $599,000 after two reductions from an original $625,000, and has been on the market 106 days, per Zillow's listing record. In a Tarrant County city where the median sale price runs near seven figures, that listing is worth reading closely — not because the house is remarkable, but because it sits at the entry point of the Colleyville market, and the entry point is where a market's real temperature shows up first.

By Paul Blair | August 15, 2026

607 Field St, Colleyville, TX 76034 — listing summary

Figures per Zillow's record for 607 Field St, sourced from NTREIS MLS #21235548.

The house itself, and why the price moved twice

This is a mid-1970s single-story brick ranch that has been worked on rather than left alone. The listing records major systems replaced in May 2023 — roof, windows, electrical panel, HVAC, both bathrooms, and flooring — close to the full list of things that scare buyers off a fifty-year-old house. The lot is harder to replicate: three-tenths of an acre is generous for the price band, the backyard holds an in-ground pool and a pergola, and the rear property line runs directly into Colleyville City Park and the municipal trail network. There is no HOA, meaning no dues and no architectural review, and no common-area maintenance handled by anyone but the owner.

So why has it sat 106 days in a city where Redfin puts the median at 24 days? Price discovery. The seller opened at $625,000 in late April, trimmed to $615,000 at the end of June, and landed at $599,000 in mid-July — $26,000 off, about 4.2% below the original ask. The Zestimate sits at $580,700 with a range of $552,000 to $610,000, putting the current ask at the top of that band rather than the middle. On 7/28 the same address was also listed for rent at $3,500 a month, a dual-track approach suggesting the owner has a plan B.

At $336 per square foot, the listing prices above Redfin's citywide median of $294 — what you would expect from a small, heavily renovated house on an oversized lot. You are paying for land, the pool, and the fact that nothing needs replacing, not for volume of space.

Weighing a purchase in Colleyville, or trying to work out whether a specific listing is priced correctly against its own street? Schedule a private consultation about Colleyville and we will go through the comparable sales line by line. You can also browse current DFW inventory through our property search.

The gap between $599,000 and Colleyville's median

Colleyville's headline numbers depend on which source you read, and the spread is wide enough to matter. Zillow's Home Value Index for Colleyville put the typical home value at $925,491 as of May 31, 2026, up 1.6% over the prior year. Redfin's data for the same market reported a median sale price near $1.0 million over the three months ending May 2026, up 11.0% year over year.

Those figures are not measuring the same thing. Zillow's index estimates the value of the entire housing stock, including everything not for sale; Redfin's median reflects what actually closed, and in a city with a thin high end, a handful of large sales pulls that number upward fast. The honest read is that Colleyville's typical house is worth somewhere in the $900,000s, while the homes that transact skew larger and more expensive than the stock as a whole.

That is what makes a listing like 607 Field St useful. Colleyville is not a one-price city. It contains 1970s ranches on quarter- and third-acre lots in subdivisions like Colleyville Estates, and estate-lot development at the other end — Oak Alley, a gated 34-lot subdivision on a 43-acre tract off John McCain Road that council approved in June 2019 and which had sold 30 of its 34 lots by December 2023, per Community Impact. Buyers who assume Colleyville starts at a million dollars miss the first category entirely. Buyers anchored on the sub-$600,000 tier are shopping a genuinely small pool of inventory.

One city, four school districts, four different tax rates

This is the Colleyville detail most buyers do not know, and it has real money attached. The City of Colleyville's own rate is $0.311931 per $100 of assessed value, but the city is only one of five taxing entities on a Colleyville tax bill, and Colleyville addresses fall into four different school districts. Per the City of Colleyville's published tax rate table, the combined rates work out like this:

The spread between lowest and highest is $0.31794 per $100. On a home assessed at $900,000, that is roughly $2,860 a year — about $238 a month — decided entirely by which side of a district boundary an address falls on, with no difference in city services whatsoever. Two houses on the same Colleyville street can carry meaningfully different costs, and the difference appears nowhere in a listing price.

At 607 Field St, which the listing places in Grapevine-Colleyville ISD, the assessed value is $491,270 and the reported annual tax figure is $8,569, per Zillow. Assessed value and asking price are different numbers, and a sale at $599,000 will eventually pull the assessment upward. Colleyville also provides a $65,000 exemption plus a tax ceiling for residents over 65 and for disabled residents, per the same city page. Verify district assignment and exemption status per parcel rather than assuming a citywide figure — the same discipline we apply to Texas homestead exemptions.

What Colleyville is building, and what it is arguing about

Two 2026 council actions are worth knowing if you are buying here.

In June, council approved zoning for a development along SH 26 that includes Garages of America, a storage-condominium concept where units are purchased individually, with two buildings of 24,000 square feet each on a 3.81-acre site the city had agreed to sell the previous October. It was not unanimous — the city recorded 22 responses against, with a nearby resident objecting that the scale would be visible behind existing homes for decades, while Mayor Bobby Lindamood argued the site had sat undeveloped for years, per Community Impact's report on the June 16 meeting.

In February, council approved a $313,400 contract for preliminary design on the Bedford Road bridge, a project to elevate the roadway out of the Little Bear Creek floodplain between Somerset Boulevard and Saddlebrook Drive, per Community Impact. That floodplain is a live diligence item for anyone buying near Little Bear Creek — flood zone designation drives insurance cost and is worth confirming before the option period expires, which we cover in our guide to DFW flood zones and flood insurance. Colleyville is essentially built out, so council activity now runs to corridors and infrastructure rather than expansion.

Frequently Asked Questions

What is the cheapest you can buy a house for in Colleyville, Texas?

The lower end currently sits in the high $500,000s to low $600,000s, typically 1970s and 1980s single-story homes of 1,500 to 2,000 square feet on quarter- to third-acre lots. As of August 2026, 607 Field St is asking $599,000 and a neighboring property on the same street is listed at $564,999, per Zillow. That tier is a small share of inventory — Redfin reported only 32 total sales citywide in the trailing month.

Why do two houses in Colleyville have different property tax rates?

Because Colleyville addresses split across four independent school districts — Grapevine-Colleyville, Hurst-Euless-Bedford, Keller, and Birdville — and the school levy is the largest single component of a Texas tax bill. The City of Colleyville publishes all four combined rates, ranging from $1.644011 to $1.961951 per $100. City, county, hospital district, and college district rates are identical across all Colleyville addresses; only the school portion varies.

Is a home listed for 106 days in Colleyville a bad sign?

Not necessarily, but it is information. Colleyville's median time to sale is around 24 days per Redfin, so a listing at 106 days has usually been mispriced at launch rather than defective. The useful questions are whether the price has since come down to market, whether inspection issues killed a prior contract, and whether the seller's motivation has changed. A long-sitting listing that has already corrected its price is often a better buyer position than a fresh one.

Does Colleyville have HOA fees?

It depends on the subdivision. Newer gated developments such as Oak Alley carry mandatory associations with meaningful dues, while many older subdivisions, including Colleyville Estates where 607 Field St sits, have none. Verify per property rather than per city — it changes both carrying cost and what an owner may do with the exterior. Our primer on Texas HOAs and property owners associations covers what to request during the option period.

Should I use a local agent to buy or sell a home in Colleyville?

What matters is whether the agent has transaction experience in the specific price tier and district you are dealing with. Colleyville rewards that specificity more than most cities, because of the four-school-district tax split, the Little Bear Creek floodplain, and a market where the median is pulled well above the typical house by a thin high end. An agent who works the city regularly knows which streets sit in which district and which subdivisions carry associations, and can price accordingly rather than leaning on a citywide median that describes almost nobody's actual house. I have spent 22 years and more than $200 million in closed transactions across Dallas–Fort Worth, working both the sub-$600,000 tier and the estate end. If you are weighing a move in Colleyville, start a conversation.

Considering a move in Colleyville

Whether the question is what your Colleyville home would bring in this market or whether a specific listing is priced where it should be, the answer starts with the comparable sales on that street and in that school district, not a citywide number. Request a confidential valuation of your Colleyville home, or schedule a private consultation if you are buying.

I have worked both ends of this market — the mid-century houses on third-acre lots trading in the $500,000s and $600,000s, and the estate-lot end where the tax district question quietly costs a buyer thousands a year. Colleyville is a city where the details on a single parcel matter more than the headline median, and that is the part worth getting right before an offer goes out.

Paul Blair is the founder and broker of Grey Square, a virtual real estate brokerage representing buyers and sellers across Dallas and Los Angeles. With 22 years in the business and more than $200 million in closed transactions, 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.