$2,078 Closing Credit*
$175,000
1,106 SqFt
2 Beds
•2 Full Baths
Robert Bish, Listing Office: LPT Realty, LLC
Is Colfax Township, 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 Township was a Neutral Market.
Key Takeaway
Colfax Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Colfax Township, IA
How much do homes in Colfax Township, 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 Township have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in Colfax Township 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 Township 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%.
Housing Supply in Colfax Township, IA
How many homes are available in Colfax Township, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 13 | +18.2% |
Summary: The Colfax Township 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 Township 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 Township, 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 Township 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 Township, IA
How long does it take to sell a home in Colfax Township, IA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 19 Days | -20.3% |
Summary: Homes in Colfax Township 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Colfax Township; 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.
