$78,000
Land
Listing Office: Nancy Kelly Realty
Is Colfax, ND a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Colfax has remained a Buyer's Market.
Key Takeaway
Colfax is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Colfax, ND
How much do homes in Colfax, ND cost?
Median Sold Price
$78,000
$57/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$232,000(-74.8%)
Key Takeaway
Homes in Colfax have sold for 74.8% less than they did a month ago.
Summary: The median home sold price in Colfax was $78,000 in October 2024, down 74.8% from last month, and the median price per square foot was $57.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $310K | $78K | -74.8% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Colfax housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 74.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Colfax | $310K | $78K | -74.8% |
| Colfax Township | $310K | $78K | -74.8% |
Housing Supply in Colfax, ND
How many homes are available in Colfax, ND?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 31 | +24.0% |
Summary: The Colfax real estate market had 31 homes for sale in October 2024, a 24.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 13 | 20 | +53.8% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Colfax 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 remained the same, 3 bedroom homes increased by 53.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Colfax, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Colfax in October 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Colfax, ND
How long does it take to sell a home in Colfax, ND?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 Days | 3 Days | -40.0% |
Summary: Homes in Colfax had an average of 3 days on market in Oct 2024, down by 40% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 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 October 2024, 2 homes were sold in Colfax; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
