Chris Schmalz Real Estate Group's Market Report

Rexburg, ID

Single-Family Homes

Keller Williams Realty East Idaho | (208) 390-8441 | chris@realestate-idahofalls.com



Rexburg, ID

Thu Dec 01 2022
This week the median list price for Rexburg, ID is $539,450 with the market action index hovering around 35. This is an increase over last month's market action index of 34. Inventory has decreased to 50. Click here to stay informed with the Rexburg market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Rexburg, ID

Thu Dec 01 2022
This week the median list price for Rexburg, ID is $539,450 with the market action index hovering around 35. This is an increase over last month's market action index of 34. Inventory has decreased to 50. Click here to stay informed with the Rexburg market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Rexburg market.
Median List Price $539,450
Median Price of New Listings $385,000
Per Square Foot $166
Average Days on Market 80
Median Days on Market 70
Price Decreased 68%
Price Increased 0%
Relisted 8%
Inventory 50
Median Rent
Market Action 35
Slight Seller's Advantage

This week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in general over the last several weeks.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$897,000 4,718 0.5 - 1 acre 5 4 12 0 2 84
$601,400 3,582 0.25 - 0.5 acre 5 3 10 0 0 66
$495,000 3,120 0.5 - 1 acre 4 2.5 15 0 0 77
$349,900 2,247 0.25 - 0.5 acre 4 2 43 1 2 63