$3,324 Closing Credit*
$279,900
1,040 SqFt
4 Beds
•1 Full Bath
Heather Rawlins, Listing Office: Iowa Realty Altoona
Is Colfax Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Colfax Township has remained a Seller's 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
$182,500
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
-$5,000(-2.7%)
Key Takeaway
Homes in Colfax Township have sold for 2.7% less than they did a year ago.
Summary: The median home sold price in Colfax Township was $182,500 in August 2024, down 2.7% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $127.6K | +34.4% |
| 2 Bedrooms | $102.5K | $95K | -7.3% |
| 3 Bedrooms | $195K | $193.5K | -0.8% |
| 4 Bedrooms | $306.2K | $180K | -41.2% |
| 5+ Bedrooms | $384.5K | $209K | -45.6% |
Summary: Colfax Township housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.4%, 2 bedroom homes decreased by 7.3%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 41.2%, and 5+ bedroom homes decreased by 45.6%.
Housing Supply in Colfax Township, IA
How many homes are available in Colfax Township, IA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 10 | 15 | +50.0% |
Summary: The Colfax Township real estate market had 15 homes for sale in August 2024, a 50.0% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 0 | 3 | +100.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Colfax Township housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were 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. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Colfax Township in August 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 4 Days | 33 Days | +743.8% |
Summary: Homes in Colfax Township had an average of 33 days on market in Aug 2024, up by 743.8% compared to last year.
Breakdown of Home Sale Times
2 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 August 2024, 4 homes were sold in Colfax Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
