Is Colfax, LA 71417 a buyer’s or seller’s market?
Colfax is a balanced market. With about 4.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Colfax housing market right now
In the three months ending August 31, 2026, 0% of homes in Colfax, LA 71417 sold above their list price, the typical home went under contract in 23 days and there were 4.3 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (67 days then) and the median sale price fell 4% to $137,940. Overall, Colfax is more competitive than a year ago, so tougher for buyers.
Within Grant Parish, homes here sell faster, and less often over asking, than in any other ZIP code in the county.
Nearby, Dry Prong 71423 (17% sold over asking) is even more competitive.
Run the numbers for 71417
Nearby markets
Bentley 71407Buyer’s market $182 /sq ftDry Prong 71423Seller’s market $130 /sq ftGeorgetown 71432 — /sq ftMontgomery 71454Buyer’s market $194 /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 balanced market: there were 4.3 months of supply in Colfax, LA 71417 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 23 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 93.0% of the list price.
What are property taxes in Colfax?
About 0.60% of a home’s value a year in Grant Parish, or roughly $2,400 on a $400,000 home.
What is the median home price in Colfax?
The median sale price was $137,940 in the three months ending August 31, 2026, about $62 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