Colfax home prices rise in September 2020

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The median sale price of a home sold in September 2020 in Colfax rose by $31,800 while total sales remained unchanged with two homes sold, according to BlockShopper.com.

In September 2020, there were two homes sold, with a median sale price of $123,750 - a 34.6% increase over the $91,950 median sale price for the same period of the previous year. There were two homes sold in Colfax in September 2019, as well.

The median sales tax in Colfax for the most recent year with available data, 2018, was $1,809, approximately 1.5% of the median home sale price for September 2020.

The following table compares Colfax to other McLean County cities with similar median sales prices in September 2020:

CitySept. 2020 Home SalesSept. 2019 Home Sales% change (Total Home Sales)Sept. 2020 Median Sales PriceSept. 2019 Median Sales Price% change (Median Sales Price)
Bloomington16510261.8%$172,000$157,5009.2%
Normal1065786%$171,500$162,0005.9%
Lexington71600%$168,000$50,000236%
Chenoa23-33.3%$132,500.50$79,00067.7%
Heyworth24-50%$132,000$177,450-25.6%
Colfax220%$123,750$91,95034.6%
Gridley220%$115,500$217,500-46.9%
Le Roy8560%$112,800$123,000-8.3%
Arrowsmith12-50%$75,000$59,95025.1%
Carlock12-50%$50,000$102,500-51.2%
Anchor110%$30,000$120,000-75%

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