Is Colby, KS 67701 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Colby is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Colby housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Thomas County, KS

Population	6,134
Median income	$70,250
Average income	$89,222
Median home value	$177,300
Median rent	$750/month
Owner-occupied	72% of homes
Median year built	1970

Natural hazard riskWinter storms (very high), hail (very high), tornadoes (relatively high)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 67701; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 67701

Prefilled for 67701Can I win this house?Multiple-offer likelihood for a listing Prefilled for 67701Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

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Towns like Colby nearby

Find towns like Colby in other states →

Goodland, KS67735 · 36 miles away79% similarcheaper homes ($41K less) · older residents Hoxie, KS67740 · 31 miles away78% similarsmaller Oakley, KS67748 · 21 miles away67% similarcheaper homes ($40K less) · smaller Atwood, KS67730 · 28 miles away54% similarcheaper homes ($57K less) · smaller

Where Colby is

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Questions about Colby real estate

What are property taxes in Colby?

About 1.41% of a home’s value a year in Thomas County, or roughly $5,640 on a $400,000 home.

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More tools for 67701

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Thomas County property taxes Thomas County loan limits Closing costs in Kansas Hottest ZIP codes in Kansas

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology