Colon Real Estate
20 active listings · 37 sold in the past 12mo
$257,500
Median List Price
37
Sold (past 12mo)
57
Avg Days on Market
+29.3%
HFGⓘ
Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.
Active Listings
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Homes for Sale(20)
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For Sale
1/57
$775,000
905 Elm Street, Colon, MI 49040
4 bd4 ba3,341 sqft0.18 ac
Single Family
For Sale
1/48
$685,000
58828 Burr Oak Road, Colon, MI 49040
5 bd3 ba2,696 sqft2.50 ac
Single Family
For Sale
1/29
$675,000
33394 Wattles Road, Colon, MI 49040
5 bd2 ba2,450 sqft34 ac
Single Family
For Sale
1/24
$429,000
917 Elm Street, Colon, MI 49040
4 bd3 ba2,100 sqft0.18 ac
Single Family
For Sale
1/55
$390,000
33291 Maryann Drive, Colon, MI 49040
3 bd2 ba1,560 sqft2.66 ac
Mfg Home
For Sale
1/36
$338,000
59036 Lakeshore Drive, Colon, MI 49040
3 bd2 ba1,850 sqft0.25 ac
Single Family
Under Contract
1/29
$325,000
59998 Walters Trail, Colon, MI 49040
2 bd2 ba1,095 sqft0.23 ac
Single Family
For Sale
1/18
$295,000
30725 Orla Engle Road, Colon, MI 49040
3 bd1 ba1,644 sqft3.10 ac
Single Family
For Sale
1/17
$284,000
711 N Burr Oak Road, Colon, MI 49040
3 bd1 ba1,350 sqft4 ac
Single Family
Under Contract
1/30
$275,000
59171 Yeatter Road, Colon, MI 49040
4 bd1 ba1,470 sqft0.38 ac
Single Family
For Sale
1/17
$239,999
31908 Decker Road, Colon, MI 49040
2 bd1 ba972 sqft0.16 ac
Single Family
For Sale
1/21
$238,700
30311 M-86, Colon, MI 49040
3 bd2 ba1,700 sqft1.06 ac
Single Family
Under Contract
1/36
$205,000
642 Maple Street, Colon, MI 49040
3 bd2 ba1,871 sqft0.19 ac
Single Family
For Sale
1/64
$185,000
622 Maple Street, Colon, MI 49040
4 bd2 ba2,346 sqft0.41 ac
Single Family
For Sale
1/29
$179,900
804 E State Street, Colon, MI 49040
2 bd1 ba1,348 sqft1.11 ac
Single Family
For Sale
1/29
$179,000
59446 Manor Road, Colon, MI 49040
2 bd1 ba936 sqft0.34 ac
Single Family
For Sale
1/23
$165,000
407 Barry Street, Colon, MI 49040
3 bd2 ba1,244 sqft0.26 ac
Single Family
For Sale
1/7
$165,000
161 Palmer Avenue, Colon, MI 49040
3 bd1 ba1,036 sqft0.17 ac
Single Family
For Sale
1/19
$149,900
1121 Heights Drive, Colon, MI 49040
2 bd1 ba1,000 sqft1.61 ac
Single Family
For Sale
1/30
$129,000
120 Palmer Avenue, Colon, MI 49040
3 bd1 ba1,304 sqft0.20 ac
Single Family
Recently Sold(37)
Frequently Asked Questions about Colon
Are there homes available in Colon right now?
Colon currently has 20 homes listed for sale. The median asking price is $257,500.
What is the median home price in Colon?
The median sale price in Colon is $257,500, based on 37 closed sales over the past 12 months.
How fast do homes sell in Colon?
Homes in Colon sell in an average of 57 days, based on 37 sales over the past 12 months.
What school districts serve Colon?
Multiple school districts may serve Colon. Michigan school district boundaries are independent of city borders. The school district for a specific property depends on its exact location within the city.
Is Colon a buyer's or seller's market?
Colon is currently a buyer's market, with 6.5 months of supply. That ratio comes from 20 active listings relative to 37 sales per year.
How are property taxes calculated in Colon?
Property taxes in Colon are based on a property's State Equalized Value (SEV), which is roughly 50% of market value, multiplied by the local millage rate. Homestead properties (primary residences) receive a lower rate than non-homestead. Tax bills are split into summer and winter installments.
What does demographic data show about housing demand in Colon?
Based on Census Bureau ACS 5-Year Estimates, the Household Formation Gap in Colon is +29.3%. Shrinking household sizes (from 2.7 to 2.17 persons per household) have increased the number of households needing housing by 150 since 2009 — independent of the 3.9% population growth. This is a secondary demographic indicator, not a primary market measure.