$96,000
Land
Listing Office: Mellnik Real Estate Services
Is Colfax Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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, NC
How much do homes in Colfax Township, NC cost?
Median Sold Price
$322,500
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,500(+4.0%)
Key Takeaway
Homes in Colfax Township have sold for 4% more than they did a year ago.
Summary: The median home sold price in Colfax Township was $322,500 in October 2024, up 4% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $151.2K | N/A |
| 2 Bedrooms | $180K | $190.2K | +5.7% |
| 3 Bedrooms | $258K | $285K | +10.5% |
| 4 Bedrooms | $455.3K | $456K | 0.1% |
| 5+ Bedrooms | $476.2K | $512.4K | +7.6% |
Summary: Colfax Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 7.6%.
Median Sold Price Compared To Nearby Cities
| Logan Store Township | $266.8K | $372K | +39.4% |
| Cool Spring Township | $197K | $217K | +10.2% |
| Colfax Township | $310K | $322.5K | +4.0% |
| High Shoals Township | $188.2K | $188.5K | 0.1% |
Housing Supply in Colfax Township, NC
How many homes are available in Colfax Township, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 48 | +4.3% |
Summary: The Colfax Township real estate market had 48 homes for sale in October 2024, a 4.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 26 | 24 | -7.7% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Colfax Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 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. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Colfax Township in October 2024, up by 25.0% month-over-month. Of the 10 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% were sold over asking.
Days on Market for Colfax Township, NC
How long does it take to sell a home in Colfax Township, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 60 Days | +93.4% |
Summary: Homes in Colfax Township had an average of 60 days on market in Oct 2024, up by 93.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 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 October 2024, 10 homes were sold in Colfax Township; 50% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.