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Foreclosure Homes in Colfax, IL

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Colfax, IL Foreclosures

Current Market Conditions in in Colfax, IL As of April 2026?
Over the past month, Colfax's housing market has experienced a steady increase in interest, as more buyers are looking for affordable options outside of urban areas. While inventory remains limited, newly listed homes are seeing competitive offers, signaling a positive trend for sellers. The average days on market have decreased, reflecting heightened buying activity.
How much do homes sell for in Colfax, IL?
The average home price is currently $216,910.
In Colfax, IL, how many homes are available?
There are currently 22 active home listings available in Colfax.
What’s the average rental cost in Colfax, IL?
The average rental price in Colfax is $1,415.
What is the most expensive home in Colfax?
The most expensive home sold in Colfax had a price of $2,669,956.
What is currently the cheapest priced home in Colfax, IL?
The cheapest home for sale in Colfax is priced at $14,241.

Living in Colfax, IL

Colfax, Illinois, is a charming village with a small-town atmosphere and a strong sense of community. Ideal for families and retirees, it features local parks, friendly neighbors, and easy access to nearby amenities. Enjoy the tranquility of rural living while being just a short drive away from larger urban centers.

Buyer vs Seller Market in Colfax, IL

The real estate market in Colfax, IL, is stable with a mix of historical homes and newer constructions. The affordable property prices make it an attractive option for first-time homebuyers and investors looking for rental properties.

Notably, the village has seen a slight increase in housing demand due to its appealing lifestyle and low property taxes, creating an opportunity for future appreciation and investment in real estate.

Home Value Estimator For Colfax, IL

There are currently 651 real estate properties in Colfax, IL, with a median automated valuation model (AVM) price of $158,919.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Colfax, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Colfax, IL, is $216,910.00, with the most expensive house in Colfax, IL, topping out at $2,669,956.00 and the cheapest home in Colfax, IL, clocking in at $14,241.00. In other words, there’s something for every potential homebuyer or savvy investor in Colfax, IL!

Rent Prices In Colfax, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Colfax, IL, is on a rollercoaster ride. The average rent price in Colfax, IL, is $1,415.00. Indeed, when looking to rent in Colfax, IL, you can expect to pay as little as $860.00 or as much as $2,260.00, with the average rent median estimated to be $1,380.00. The good news is that finding an affordable and desirable property to rent in Colfax, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Colfax, IL Foreclosures

Market Trend for Colfax, IL

Total Listings Available: 22

Market Values:

Home Prices from $14,241 to $2,669,956

Average Sales Price: $216,910

Rental Values:

Rental from $860 to $2,260

Average Rent Value: $1,415 / month

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