Is Colfax Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Colfax Township was a Seller's Market.
Key Takeaway
Colfax Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Colfax Township, NC
How much do homes in Colfax Township, NC cost?
Median Sold Price
$300,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Colfax Township have sold for 26.6% more than they did a year ago.
Summary: The median home sold price in Colfax Township was $300,000 in March 2024, up 26.6% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $133.7K | $52.5K | -60.7% |
| 2 Bedrooms | $180K | $170.5K | -5.3% |
| 3 Bedrooms | $235K | $275K | +17.0% |
| 4 Bedrooms | $270K | $458.4K | +69.8% |
| 5+ Bedrooms | $494.4K | $476.2K | -3.7% |
Summary: Colfax Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 60.7%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 69.8%, and 5+ bedroom homes decreased by 3.7%.
Median Sold Price Compared To Nearby Cities
| Colfax Township | $237K | $300K | +26.6% |
| Cool Spring Township | $195.5K | $214.5K | +9.7% |
| High Shoals Township | $185K | $196.7K | +6.3% |
| Logan Store Township | $257.5K | $268.7K | +4.4% |
| Ellenboro | $210.2K | $181.7K | -13.6% |
Housing Supply in Colfax Township, NC
How many homes are available in Colfax Township, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 40 | 45 | +12.5% |
Summary: The Colfax Township real estate market had 45 homes for sale in March 2024, a 12.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 22 | 22 | 0.0% |
| 4 Bedrooms | 10 | 13 | +30.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Colfax Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Colfax Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Colfax Township in March 2024, down by 33.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 43 Days | 146 Days | +240.7% |
Summary: Homes in Colfax Township had an average of 146 days on market in Mar 2024, up by 240.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Colfax Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 6 homes were sold in Colfax Township; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.