Is Colfax, ND a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Colfax is a buyer'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

$485,149

$174/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$407,149(+522.0%)

Key Takeaway

Homes in Colfax have sold for 522% more than they did a month ago.

Summary: The median home sold price in Colfax was $485,149 in November 2024, up 522% from last month, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $78K-
N/A
4 --
N/A
5+ -$485.1K
N/A

Summary: Colfax housing prices by bedroom type for November 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Colfax
+522.0%
Colfax Township
+522.0%

Housing Supply in Colfax, ND

How many homes are available in Colfax, ND?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3028-6.7%

Summary: The Colfax real estate market had 28 homes for sale in November 2024, a 6.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1917
-10.5%
4 88
0.0%
5+ 33
0.0%

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 decreased by 10.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer100%

Key Takeaway

If you're buying a home in Colfax, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Colfax in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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

Oct 2024Nov 2024CHANGE
3 Days120 Days+3900.0%

Summary: Homes in Colfax had an average of 120 days on market in Nov 2024, up by 3900% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times100%

Key Takeaway

Most homes in Colfax are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 1 homes were sold in Colfax; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 23 Days Ago

Newest Listings in Colfax, ND

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