Colfax, IL Foreclosures
How much do homes sell for in Colfax, IL?
The average home price is currently $210,961.
In Colfax, IL, how many homes are available?
There are currently 7 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 $2,706,324.
What is currently the cheapest priced home in Colfax, IL?
The cheapest home for sale in Colfax is priced at $11,604.
Living in Colfax, IL
Colfax is a small, charming village located in central Illinois, offering a tight-knit community feel with a peaceful rural environment. The village is known for its friendly residents, family-oriented activities, and beautiful landscapes surrounding the area. With a rich agricultural heritage, residents enjoy the benefits of small-town living while having essential amenities nearby.
Current Market Conditions in Colfax, IL
The real estate market in Colfax, IL, has shown an upward trend in the past few years. The demand for homes has increased, with new families moving into the area due to its affordability, community feel, and quality of life. Properties are moving quickly, and it is common to see multiple offers on attractive listings. Home prices have slightly increased, reflecting the increasing desirability of this charming village.
Colfax continues to attract buyers looking for affordable housing options compared to larger cities in Illinois. The market remains stable, and home values are expected to rise as the village improves its amenities and infrastructure, enhancing overall quality of life.
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 $156,216.00. 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 $210,961.00, with the most expensive house
in Colfax, IL, topping out
at $2,706,324.00 and the cheapest home
in Colfax, IL,
clocking in at $11,604.00. 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.
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