Is Colfax Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Colfax Township was a Neutral Market.
Housing Prices in Colfax Township, IA
How much do homes in Colfax Township, IA cost?
Median Sold Price
$188,250
$140/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 $188,250 in April 2024, up 8% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $95K | - | N/A |
2 Bedrooms | $85K | $71K | -16.4% |
3 Bedrooms | $231.7K | $194.2K | -16.2% |
4 Bedrooms | $400K | $217.2K | -45.7% |
5+ Bedrooms | $184.5K | $493.5K | +167.5% |
Summary: Colfax Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 16.4%, 3 bedroom homes decreased by 16.2%, 4 bedroom homes decreased by 45.7%, and 5+ bedroom homes increased by 167.5%.
Median Sold Price Compared To Nearby Cities
Colfax Township | $174.2K | $188.2K | +8.0% |
Adel Township | $348.5K | $353.4K | +1.4% |
Adel | $376.7K | $362.5K | -3.8% |
Housing Supply in Colfax Township, IA
How many homes are available in Colfax Township, IA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 14 | +40.0% |
Summary: The Colfax Township real estate market had 14 homes for sale in April 2024, a 40.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 4 | 4 | 0.0% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Colfax Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 4 | +300.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Colfax Township in April 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Colfax Township, IA
How long does it take to sell a home in Colfax Township, IA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
4 Days | 37 Days | +831.3% |
Summary: Homes in Colfax Township had an average of 37 days on market in Apr 2024, up by 831.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Colfax Township; 75% 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.