Is Colfax-Palouse, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Colfax-Palouse has remained a Seller's Market.
Key Takeaway
Colfax-Palouse is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Colfax-Palouse, WA
How much do homes in Colfax-Palouse, WA cost?
Median Sold Price
$410,000
$157/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Colfax-Palouse have sold for 29.3% more than they did a month ago.
Summary: The median home sold price in Colfax-Palouse was $410,000 in April 2024, up 29.3% from last month, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $389K | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $245K | $410K | +67.3% |
Summary: Colfax-Palouse housing prices by bedroom type for April 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 increased by 67.3%.
Housing Supply in Colfax-Palouse, WA
How many homes are available in Colfax-Palouse, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Summary: The Colfax-Palouse real estate market had 4 homes for sale in April 2024, a 33.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 1 | -50.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Colfax-Palouse 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 50%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Colfax-Palouse, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Colfax-Palouse in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Colfax-Palouse, WA
How long does it take to sell a home in Colfax-Palouse, WA?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 268 Days | 6 Days | -97.8% |
Summary: Homes in Colfax-Palouse had an average of 6 days on market in Apr 2024, down by 97.8% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Colfax-Palouse are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in Colfax-Palouse; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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