The current active range and recent estimate trends answer a different question than accepted pricing does.
If asking prices in Colonie, NY feel disconnected from what you expected, that reaction makes sense, and I would separate three numbers before doing anything else. The current estimated home value was $278,370, active homes had a typical asking price of $389,450, and pending homes sat at $369,000. Those are not interchangeable figures. In Colonie, NY, buyers get into trouble when they treat a broad value estimate like a live market price. The safer approach is understanding what each number is telling you before you decide what a home is worth to you.
Here is how I read it. Over the previous 30 days, estimated values in Colonie, NY were at $278,370, with a last-month change of -11.7% and a 12-month change of -6.1%. At the same time, current active homes were asking $389,450, and new listings came out at $399,900. Those figures describe different parts of the market picture.
For a buyer, the practical implication is simple. You should not expect every available home to line up neatly with the marketwide estimated value. In Colonie, NY, the homes actively listed right now are entering at much higher asking levels than the broader estimate. That does not prove they are all worth it. It means you need to compare current asking numbers with recent pending pricing and property specifics instead of assuming the estimate alone should dictate your offer logic.
Use the estimated value as background, not as your only pricing anchor. Compare every home you like against the active and pending asking ranges before you act. Be willing to walk from a home that asks for more than the recent market setup reasonably supports. That discipline protects you from paying for pressure instead of fit.
