$1,989 Closing Credit*
$167,500
1,044 SqFt
3 Beds
•1 Full Bath
Heather Rawlins, Listing Office: Iowa Realty Altoona
Is Colfax, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Colfax was a Neutral Market.
Key Takeaway
Colfax is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Colfax, IA
How much do homes in Colfax, IA cost?
Median Sold Price
$182,450
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,050(-1.1%)
Key Takeaway
Homes in Colfax have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in Colfax was $182,450 in November 2024, down 1.1% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $127.6K | +34.4% |
| 2 Bedrooms | $99.7K | $75K | -24.8% |
| 3 Bedrooms | $200K | $185K | -7.5% |
| 4 Bedrooms | $278.7K | $194.9K | -30.1% |
| 5+ Bedrooms | $377K | $332K | -11.9% |
Summary: Colfax housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.4%, 2 bedroom homes decreased by 24.8%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes decreased by 30.1%, and 5+ bedroom homes decreased by 11.9%.
Median Sold Price Compared To Nearby Cities
| Washington Township | $173.5K | $202.7K | +16.9% |
| Colfax | $184.5K | $182.4K | -1.1% |
Housing Supply in Colfax, IA
How many homes are available in Colfax, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 13 | +18.2% |
Summary: The Colfax real estate market had 13 homes for sale in November 2024, a 18.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Colfax housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Colfax, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Colfax in November 2024, up by 400.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Colfax, IA
How long does it take to sell a home in Colfax, IA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 19 Days | -20.3% |
Summary: Homes in Colfax had an average of 19 days on market in Nov 2024, down by 20.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Colfax are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Colfax; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
