Is Colfax Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Colfax Township has remained a Seller's Market.
Housing Prices in Colfax Township, NC
How much do homes in Colfax Township, NC cost?
Median Sold Price
$297,500
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Colfax Township was $297,500 in April 2024, down 23.7% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $52.5K | -70.8% |
2 Bedrooms | $190K | $176.9K | -6.9% |
3 Bedrooms | $258.5K | $280.5K | +8.5% |
4 Bedrooms | $432.6K | $474.9K | +9.8% |
5+ Bedrooms | $460K | $490.6K | +6.7% |
Summary: Colfax Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 70.8%, 2 bedroom homes decreased by 6.9%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Cities
Cool Spring Township | $195K | $216K | +10.8% |
High Shoals Township | $186.5K | $196.7K | +5.5% |
Logan Store Township | $257.5K | $265K | +2.9% |
Ellenboro | $212.7K | $182.5K | -14.2% |
Colfax Township | $389.7K | $297.5K | -23.7% |
Housing Supply in Colfax Township, NC
How many homes are available in Colfax Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 | 49 | +6.5% |
Summary: The Colfax Township real estate market had 49 homes for sale in April 2024, a 6.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 24 | 22 | -8.3% |
4 Bedrooms | 12 | 16 | +33.3% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Colfax Township housing inventory by bedroom type for April 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 increased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 16 | +128.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Colfax Township in April 2024, up by 128.6% month-over-month. Of the 16 sold homes, 50% were sold under asking, 44% were sold at asking, and 6% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 41 Days | +45.3% |
Summary: Homes in Colfax Township had an average of 41 days on market in Apr 2024, up by 45.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in Colfax Township; 56% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.