Chris Schmalz Real Estate Group's Market Report

Shelley, ID

Single-Family Homes

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



Shelley, ID

Thu Dec 01 2022
This week the median list price for Shelley, ID is $550,000 with the market action index hovering around 31. This is less than last month's market action index of 33. Inventory has decreased to 29. Click here to stay informed with the Shelley market!

Market Action Index

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

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Shelley, ID

Thu Dec 01 2022
This week the median list price for Shelley, ID is $550,000 with the market action index hovering around 31. This is less than last month's market action index of 33. Inventory has decreased to 29. Click here to stay informed with the Shelley market!

Market Action Index

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

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Shelley market.
Median List Price $550,000
Median Price of New Listings $545,000
Per Square Foot $173
Average Days on Market 84
Median Days on Market 63
Price Decreased 59%
Price Increased 0%
Relisted 10%
Inventory 29
Median Rent
Market Action 31
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$999,000 4,500 5 - 10 acres 6 3.5 6 0 0 49
$645,000 3,800 1 - 2.5 acres 4 2.5 2 0 0 63
$499,999 3,280 0.5 - 1 acre 5 3 17 2 1 42
$332,500 1,869 0.25 - 0.5 acre 3 1.5 83 0 1 94