The median sale price of a home sold in August 2021 in Colfax fell by $20,000 while total sales decreased by 40%, according to BlockShopper.com.
In August 2021, there were three homes sold, with a median sale price of $60,000 - a 25% decrease over the $80,000 median sale price for the same period of the previous year. There were five homes sold in Colfax in August 2020.
The median sales tax in Colfax for the most recent year with available data, 2018, was $1,809, approximately 3% of the median home sale price for August 2021.
The following table compares Colfax to other McLean County cities with similar median sale prices in August 2021:
| City | Aug. 2021 Home Sales | Aug. 2020 Home Sales | % change (Total Home Sales) | Aug. 2021 Median Sales Price | Aug. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Bloomington | 190 | 183 | 3.8% | $194,500 | $176,500 | 10.2% |
| Towanda | 3 | 1 | 200% | $190,000 | $317,000 | -40.1% |
| Danvers | 5 | 1 | 400% | $154,947 | $260,000 | -40.4% |
| Gridley | 4 | 4 | 0% | $149,950 | $78,250 | 91.6% |
| Le Roy | 14 | 5 | 180% | $138,250 | $75,000 | 84.3% |
| Heyworth | 10 | 3 | 233.3% | $98,500 | $195,000 | -49.5% |
| Chenoa | 4 | 6 | -33.3% | $95,000 | $102,450 | -7.3% |
| Arrowsmith | 3 | 1 | 200% | $90,000 | $95,000 | -5.3% |
| Bellflower | 1 | 2 | -50% | $86,500 | $85,000 | 1.8% |
| McLean | 2 | 3 | -33.3% | $80,450 | $139,500 | -42.3% |
| Colfax | 3 | 5 | -40% | $60,000 | $80,000 | -25% |
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