$4,155 Closing Credit*
$349,900
2,908 SqFt
4 Beds
•3 Full Baths
#1587123, Shelley Watkins, Listing Office: RE/MAX Affiliates Menomonie
Is Colfax, WI 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 has remained a Seller's Market.
Key Takeaway
Colfax is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Colfax, WI
How much do homes in Colfax, WI cost?
Median Sold Price
$275,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$20,000(-6.8%)
Key Takeaway
Homes in Colfax have sold for 6.8% less than they did a year ago.
Summary: The median home sold price in Colfax was $275,000 in October 2024, down 6.8% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $325K | +116.7% |
| 2 Bedrooms | $286K | $127K | -55.6% |
| 3 Bedrooms | $295K | $300K | +1.7% |
| 4 Bedrooms | $450K | $359K | -20.2% |
| 5+ Bedrooms | $441.5K | $245K | -44.5% |
Summary: Colfax housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 116.7%, 2 bedroom homes decreased by 55.6%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 20.2%, and 5+ bedroom homes decreased by 44.5%.
Housing Supply in Colfax, WI
How many homes are available in Colfax, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 33 | -8.3% |
Summary: The Colfax real estate market had 33 homes for sale in October 2024, a 8.3% decrease 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 | 9 | 9 | 0.0% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 15 | 13 | -13.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
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 decreased by 8.3%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Colfax, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Colfax in October 2024, up by 100.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Colfax, WI
How long does it take to sell a home in Colfax, WI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 79 Days | 105 Days | +33.3% |
Summary: Homes in Colfax had an average of 105 days on market in Oct 2024, up by 33.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
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 October 2024, 8 homes were sold in Colfax; 13% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
