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COLFAX, IL 61728

Real Estate Market Report  ·  McLean County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
4
⇧ 300% vs 1 last year
Pending
1
25% pending ratio
Median Price
$212,500
⇧ 6.3% vs $199,900 last year
Average Price
$265,667
⇧ 32.9% vs $199,900 last year
Days on Market
48
⇧ 269.2% vs 13 days last year

Market Context

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

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

Market Analysis

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

The COLFAX, IL real estate market (61728) currently shows 4 active listings, with 1 pending sales. Homes are averaging 48 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 48 days on market compared to 13 days last year.

The median listing price has risen 6.3% year-over-year, from $199,900 to $212,500.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 4 this year vs 1 last year
  • Days on market: 48 now vs 13 last year

Median & Average Pricing

Year over Year
  • Median: $212,500 (+6.3% YoY)
  • Average: $265,667 (+32.9% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 21.2 miles — 211 listings ($65,319,824 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61728Colfax, IL 617280.0 mi4$1,062,668$212,500$265,667
61753Lexington, IL 617539.5 mi2$840,000$420,000$420,000
61770Saybrook, IL 6177010.8 mi3$441,801$162,000$147,267
61739Fairbury, IL 6173912.2 mi6$1,972,350$165,000$328,725
61773Sibley, IL 6177313.1 mi1$174,450$174,450$174,450
60936Gibson City, IL 6093615.9 mi9$2,002,374$259,000$222,486
61741Forrest, IL 6174117.4 mi3$383,400$130,000$127,800
61761Normal, IL 6176117.5 mi60$20,681,160$369,900$344,686
61752Le Roy, IL 6175218.0 mi10$2,010,000$195,000$201,000
61845Foosland, IL 6184518.3 mi1$235,000$235,000$235,000
60952Melvin, IL 6095219.6 mi4$516,532$113,500$129,133
61701Bloomington, IL 6170120.5 mi67$14,125,677$170,000$210,831
61705Bloomington, IL 6170521.2 mi41$20,874,412$449,000$509,132

Frequently Asked Questions

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

As of January 2026, there are 4 active listings in COLFAX, IL (zip code 61728), compared to 1 the prior year.

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

The median listing price in COLFAX, IL 61728 is $212,500 as of January 2026, a 6.3% increase from $199,900 the prior year.

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

Homes in COLFAX, IL 61728 spend an average of 48 days on the market before going under contract, compared to 13 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 January 2026, COLFAX, IL 61728 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 48 days on market compared to 13 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 $4,250 compared to a typical 5% commission on the median listing price of $212,500. 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.