Market Report for Colfax, CA

Colfax, CA Market Update

20950 Indian Dr.
Colfax, CA

I hope you’re doing well. I wanted to reach out with an updated snapshot of the current real estate market in Colfax, California, along with some insight into what we may expect moving into next year. Because Colfax is a smaller market, data can shift quickly with only a few sales, but the following reflects the most current information from major real estate data sources.

Current Market Conditions – Colfax, CA

Inventory & Active Listings
At the moment, Colfax has a healthy amount of homes available. Realtor.com reports approximately 99 homes currently on the market, while ZIP code 95713 specifically shows about 55 active listings. This level of inventory provides buyers with several options and creates a more balanced environment for negotiations.

Pending Transactions
Buyer activity remains steady. According to Redfin, there are 24 homes currently pending in Colfax, with a median list price near $415,000. This indicates that well-priced and well-presented homes continue to attract offers.

Recent Sales
Recent sales show a median sold price in the $455,000 to $460,000 range depending on data source, with individual closings varying widely based on size, acreage, and condition. For example, recent sales include properties closing in the low $400Ks all the way up to the mid-$600Ks.

Time on Market (Days to Contract)
Homes in Colfax show a wide range when it comes to time to contract.

Realtor.com reports a median of about 79 days on market,
While Redfin shows many homes going pending in around 31 days,
And Rocket notes that roughly half of recent sales went under contract in under 30 days, while others took 90+ days.

This split reflects a market where attractive, move-in-ready properties are selling quickly, while homes needing updates or priced aggressively tend to sit longer.

Pricing Trends
The pricing data is mixed due to the small number of sales.

Some sources show a slight year-over-year price increase in list price,
While others indicate a decline in median sale price of about 16–17% over the past year.

The most consistent message across all sources is that price growth has slowed, and sellers are receiving offers very close to list price on average.

Looking Ahead to Next Year

Based on current trends, here is what I anticipate for the Colfax market over the next 12 months:

1. Prices Likely to Hold Steady
Forecast models for the 95713 area project flat to slightly declining prices (approximately –0.5%). Unless inventory tightens significantly, we are likely to see modest price movement rather than major appreciation.

2. Inventory May Remain Elevated
More homeowners have been listing their properties across Placer County as a whole. If this continues, buyers next year will continue to have options, which keeps pressure on sellers to price competitively.

3. Buyers Will Stay Selective
With more inventory comes greater buyer selectivity. Homes that are updated, priced accurately, and marketed well should still attract fast offers. Properties needing work may experience longer market times.

4. Market Stability, Not Volatility
Colfax remains a steady, lifestyle-driven market. While it’s unlikely to see rapid spikes in pricing, it is also unlikely to experience major downturns due to its limited size, rural appeal, and long-term demand for foothill properties.

If you’d like, I’m happy to prepare a custom valuation for your property or provide a detailed forecast based on different pricing and inventory scenarios. Just let me know what you’d like to explore.

Warm regards,
Mandee Tatro
Your Friend & Realtor
Phone: 310-266-1815
Email: mandeetatrorealestate@gmail.com
Website: www.mandeetatro.com