Is Colfax, IA 50054 a buyer’s or seller’s market?
Colfax is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Colfax housing market right now
In the three months ending August 31, 2026, 0% of homes in Colfax, IA 50054 sold above their list price, the typical home went under contract in 36 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 8 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 38%, homes sold faster (44 days then) and the median sale price fell 23% to $164,929. Overall, Colfax is less competitive than a year ago, which gives buyers more room.
Within Jasper County, homes here sell faster than in 63% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Kellogg 50135 (33% sold over asking) and Newton 50208 (18% sold over asking) are even more competitive.
Run the numbers for 50054
Nearby markets
Baxter 50028Buyer’s market $203 /sq ftIra 50127 — /sq ftKellogg 50135Balanced $157 /sq ftLynnville 50153 — /sq ft Browse all markets →Towns like Colfax nearby
Find towns like Colfax in other states →Where Colfax is
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Questions about Colfax real estate
Is Colfax a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Colfax, IA 50054 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Colfax?
The typical home went under contract in 36 days in the latest three months.
Do homes in Colfax sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.1% of the list price.
What are property taxes in Colfax?
About 1.41% of a home’s value a year in Jasper County, or roughly $5,640 on a $400,000 home.
What is the median home price in Colfax?
The median sale price was $164,929 in the three months ending August 31, 2026, about $143 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology