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Featured local agent — Colfax, IA
Sarah Mitchell
Compass Real Estate · Colfax, IA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Colfax, IA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$248,000median sale price
How is the Colfax, IA housing market right now?
The median home sale price in Colfax, IA is $248,000, up 77.1% year-over-year. Homes sell in an average of 113 days with 7 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Colfax a buyer's or seller's market?
Colfax, IA is currently a balanced market, based on 2.3 months of supply and homes selling in about 113 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
113
Average pace
Active listings
7
2.3 months supply
Sale-to-list
95.4%
Below asking
What does the Colfax housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $248,000 |
| Median list price | $160,000 |
| Year-over-year price change | +77.1% |
| Average days on market | 113 days |
| Active inventory | 7 listings |
| Months of supply | 2.3 months |
| Sale-to-list price ratio | 95.4% |
| Median price per sq ft | $171/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 5 |
| Listings with a price cut | 71.4% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Colfax by property type?
How the Colfax, IA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $248,000 | $171/sq ft | 3 | 113 days |
Source: Redfin · Updated monthly
The Colfax housing market is currently classified as a balanced market with a median sale price of $248,000. Prices have risen 77.1% compared to last year, with homes spending an average of 113 days on market, indicating 2.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 2.4x provides context for how home values compare to local earning capacity.
Homes for sale in Colfax
There are currently 7 homes listed for sale in Colfax, Iowa. The median listing price is $160K.
Active listings
7
Homes on market
Median list price
$160K
Avg. days on market
113
Days until sale
New this week
5
Newly listed
Who lives in Colfax?
Population
2,089
Median income
$82,878/yr
Median age
33.3 years
Owner-occupied
70.9%
College grads
20.8%
Avg commute
21.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Colfax?
Zillow home value
$196,786
Price-to-income
2.4x
Source: Zillow Research
What is it like to live in Colfax?
Colfax is a community of approximately 2K residents with a median age of 33.3 years.The median household income is $82,878, which reflects a relatively affluent area with strong earning potential. 20.8% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 70.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 21.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Colfax offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Colfax?
2 schools tracked · 715 students
The largest public schools serving Colfax, IA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Colfax-Mingo Elementary School
Grades PK-6 · 402 students
Colfax-Mingo Jr/Sr High School
Grades 7-12 · 313 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Colfax, IA?
Want a head-to-head view? Compare Colfax side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Colfax?
The median home sale price in Colfax is $248,000, up 77.1% from last year.
How long do homes stay on market in Colfax?
Homes typically spend 113 days on market before going under contract.
What is the median income in Colfax?
The median household income is $82,878 per year.
Is Colfax a buyer's or seller's market?
With 2.3 months of supply, Colfax is currently a balanced market.
What is the Zillow home value estimate for Colfax?
The Zillow Home Value Index (ZHVI) for Colfax is $196,786, representing the typical home value in the area.
How much does a single-family home cost in Colfax?
The median single-family home price in Colfax, IA is $248,000 (about $171 per square foot).
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