From October through December of 2018, there were four homes sold, with a median sale price of $56,413 - a 44.3% decrease over the $101,235 median sale price for the same period of the previous year. There were two homes sold in Colfax in the fourth quarter of 2017.
The median sales tax in Colfax for the most recent year with available data, 2017, was $1,613, approximately 2.9% of the median home sale price for the fourth quarter of 2018.
The following table compares Colfax to other McLean County cities with similar median sales prices in the fourth quarter of 2018:
| City | Oct. - Dec. 2018 Home Sales | Oct. - Dec. 2017 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2018 Median Sales Price | Oct. - Dec. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Hudson | 13 | 9 | 44.4% | $133,000 | $144,000 | -7.6% |
| Le Roy | 11 | 15 | -26.7% | $116,250 | $101,000 | 15.1% |
| Towanda | 4 | 3 | 33.3% | $114,000 | $140,000 | -18.6% |
| Arrowsmith | 2 | 1 | 100% | $106,150 | $38,000 | 179.3% |
| Gridley | 6 | 4 | 50% | $103,875 | $122,500 | -15.2% |
| McLean | 2 | 8 | -75% | $96,500 | $116,500 | -17.2% |
| Lexington | 3 | 5 | -40% | $91,500 | $112,000 | -18.3% |
| Chenoa | 5 | 4 | 25% | $82,000 | $72,000 | 13.9% |
| Stanford | 2 | 4 | -50% | $81,250 | $29,750 | 173.1% |
| Colfax | 4 | 2 | 100% | $56,412.50 | $101,234.50 | -44.3% |
| Bellflower | 1 | 4 | -75% | $18,000 | $70,000 | -74.3% |
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