Colfax buyers are still moving, even with rates above 7%
Freddie Mac put the average 30-year fixed rate at 7.40% on October 8, 2026. That is a real cost. But in Colfax, buyers are not sitting still.
The Real Estate Data Aggregator counted 21 pending sales in ZIP 27235 for the three months ending August 31, 2026. That is up 40% from the same months of 2025. Demand did not disappear when rates climbed.
The Real Estate Data Aggregator shows 42.9% of Colfax homes went under contract within two weeks of listing. That share is up 16.2 points from a year ago. The right home, priced well, still draws fast attention.
What the full picture looks like in Colfax
The Real Estate Data Aggregator counted 27 homes sold in ZIP 27235 for the three months ending August 31, 2026. That is up 107.7% from a year ago. Prices rose too, with the median sale price reaching $453,420, up 17.4%.
Not every home moved quickly, though. The Real Estate Data Aggregator puts the median days on market at 81 days, which is 39 days longer than a year ago. So speed is not guaranteed. Pricing and preparation still matter in Colfax.
Above-list sales are rising in Colfax
The Real Estate Data Aggregator shows 33.3% of Colfax homes sold above list price in the three months ending August 31, 2026. That share is up 10.2 points from a year ago. One in three sellers got more than they asked.
At the same time, the average sale-to-list ratio was 99.2%, down just 0.4 points. Sellers are landing very close to their asking price, on average.
Rates are high nationally, but Colfax is holding its own
Freddie Mac reported the 15-year fixed rate at 6.73% on October 8, 2026. Realtor.com noted that mortgage rates climbed above 7% for the first time since January 2025. Nationally, Realtor.com reported price cuts hit 20.8% of listings in September, the highest since October 2022.
Colfax is not immune to those pressures. But the Real Estate Data Aggregator shows months of supply at just 4 months in ZIP 27235, down 3.8 months from a year ago. That is a meaningful shift toward a tighter market.
The Federal Housing Finance Agency reported U.S. house prices rose 2.6% from July 2025 to July 2026. Colfax, at 17.4% median price growth, is outpacing that national number by a wide margin.
- Colfax buyers are active and pending sales are up 40%, even with Freddie Mac's 30-year rate at 7.40%.
- Prices rose 17.4% and a third of homes sold above list.
- Still, 81 median days on market is a reminder that not every listing moves at the same speed.
- Good pricing and prep are what separate the homes that move from the ones that sit.
These are ZIP 27235 numbers for the three months ending August 31, 2026. One street in Colfax can read very differently from the ZIP code as a whole.
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Text me- Real Estate Data Aggregator numbers for ZIP 27235, the three months ending August 31, 2026, compared with the same months of 2025. Real Estate Data Aggregator last updated them on Oct 7, 2026.
- Federal Housing Finance Agency: FHFA House Price Index® Up 0.3 Percent in July; Up 2.6 Percent from Last Year | FHFA, Sep 29, 2026
- Redfin: One in Five Home Sellers Cut Prices as Buyer’s Market Persists, Sep 30, 2026
- Realtor.com: September 2026 Monthly Housing Trends: Price Cuts Hit 4-Year Highs as Mortgage Rates Top 7%, Sep 30, 2026
- Realtor.com: August 2026 Rental Report: Rents Fall for 37th Straight Month as Concessions Give Renters More Leverage, Sep 17, 2026
- Freddie Mac: Mortgage Rates, read Oct 10, 2026