4 bedroom homes for sale in Colfax, IL

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Colfax, IL Real Estate Market Overview

In March 2025 in Colfax, IL there were 20% more homes for sale than in February 2025. The median list price of listings available in March 2025 was $169,900, while the average time on the real estate market was 74 days.
From Rocket Homes Real Estate and based on county public records data

What is it like to live in Colfax, IL

Colfax is located in McLean County, Illinois. There are roughly 303 residents, living in 115 households. The average temperature for Colfax this time of the year is low of 50F and high of 74F. On average, Colfax gets about 4.08 inches of precipitation in May. Most residents are home owners (83%), have a high school diploma (58%) and are single, no kids (33%).

Data provided by Home Junction

Schools near Colfax, IL

Elementary Schools

  • Ridgeview Elementary School

    300 S Harrison St

    Public District PK-5

Middle Schools

  • Ridgeview Jr High School

    202 E Wood St

    Public District 6-8

High Schools

  • Ridgeview High School

    202 E Wood St

    Public District 9-12

Data provided by Great Schools

Housing market reports in McLean County

Top real estate cities in Illinois

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1The following offers are available only to clients who are purchasing a home and financing with Rocket Mortgage: (1) Client purchasing with a Rocket Homes Partner Agent through Rocket Homes will receive a lender paid credit that is 1.25% of their loan amount. For example, a $200,000 home purchase price minus a 5% down payment of $10,000 results in a loan amount of $190,000. Client would receive a credit of 1.25% of the $190,000, for a credit of $2,375 toward closing costs. (2) Client is referred by a real estate agent to buy a new home will receive a lender paid credit that is 0.50% of their loan amount. Offer does not apply to new loans submitted through an Executive Loan Officer, mortgage broker, through Schwab, or on nonagency jumbo loans, non-QM loans, bank statement loans, second lien products or team member loans. Offer may not be redeemed for cash and is nontransferable. Offer cannot be retroactively applied to loans where the rate has been locked. Conditions and exclusions apply. This is not a commitment to lend and is contingent on qualification per full underwriting guidelines.

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*Based on Rocket Mortgage data in comparison to public data records.

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