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COLFAX, IL 61728

Real Estate Market Report  ·  McLean County
Balanced Market
July 2026  ·  Source: Realtor.com

Market Analysis

Data as of July 2026. Source: Realtor.com.

The COLFAX, IL real estate market (61728) currently shows 5 active listings, with 2 pending sales. Homes are averaging 31 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 31 days on market compared to 23 days last year.

The median listing price has risen 51.5% year-over-year, from $179,900 to $272,500.

Whether you are buying or selling in COLFAX, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 1,301  ·  Density: 7.2/mi²  ·  Median household income: $73,705

Typical home value: $143,112  ·  Homeownership: 73.6%

Market Overview

Active Listings
5
⇩ 28.6% vs 7 last year
Pending
2
40% pending ratio
Median Price
$272,500
⇧ 51.5% vs $179,900 last year
Average Price
$314,396
⇧ 89.2% vs $166,150 last year
Days on Market
31
⇧ 34.8% vs 23 days last year

Price Per Square Foot

Median $/sqft
$96
⇩ 9.4% vs $106/sqft last year
Median Home Size
2,914 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 5 this year vs 7 last year
  • Days on market: 31 now vs 23 last year

Median & Average Pricing

Year over Year
  • Median: $272,500 (+51.5% YoY)
  • Average: $314,396 (+89.2% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 21.2 miles — 234 listings ($72,825,467 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61728Colfax, IL 617280.0 mi7$1,325,569$111,175$189,367
61731Cropsey, IL 617317.9 mi1$310,000$310,000$310,000
61737Ellsworth, IL 6173710.0 mi1$165,000$165,000$165,000
61726Chenoa, IL 6172612.0 mi11$2,520,265$215,000$229,115
61773Sibley, IL 6177313.1 mi1$169,900$169,900$169,900
60936Gibson City, IL 6093615.9 mi9$2,038,518$256,250$226,502
61741Forrest, IL 6174117.4 mi5$505,665$117,975$101,133
61761Normal, IL 6176117.5 mi73$25,222,741$358,725$345,517
61752Le Roy, IL 6175218.0 mi9$1,804,050$191,175$200,450
61845Foosland, IL 6184518.3 mi1$232,450$232,450$232,450
60952Melvin, IL 6095219.6 mi5$572,270$93,725$114,454
61701Bloomington, IL 6170120.5 mi67$15,072,923$174,950$224,969
61705Bloomington, IL 6170521.2 mi44$22,886,116$439,675$520,139

Frequently Asked Questions

How many homes are for sale in COLFAX, IL 61728?

As of July 2026, there are 5 active listings in COLFAX, IL (zip code 61728), compared to 7 the prior year.

What is the median home price in COLFAX, IL 61728?

The median listing price in COLFAX, IL 61728 is $272,500 as of July 2026, a 51.5% increase from $179,900 the prior year.

How long do homes stay on the market in COLFAX, IL?

Homes in COLFAX, IL 61728 spend an average of 31 days on the market before going under contract, compared to 23 days the prior year.

Is it a seller's or buyer's market in COLFAX, IL 61728?

Based on current inventory and days-on-market data as of July 2026, COLFAX, IL 61728 is currently a Balanced Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 31 days on market compared to 23 days last year.

How much can I save on real estate commission in COLFAX, IL?

With SELL123.com's maximum 3% commission, sellers in COLFAX, IL 61728 save an estimated $5,450 compared to a typical 5% commission on the median listing price of $272,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.