Chris Schmalz Real Estate Group's Market Report

Rigby, ID

Single-Family Homes

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



Rigby, ID

Thu Dec 01 2022
This week the median list price for Rigby, ID is $607,000 with the market action index hovering around 35. This is less than last month's market action index of 37. Inventory has held steady at or around 54. Click here to stay informed with the Rigby 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Rigby, ID

Thu Dec 01 2022
This week the median list price for Rigby, ID is $607,000 with the market action index hovering around 35. This is less than last month's market action index of 37. Inventory has held steady at or around 54. Click here to stay informed with the Rigby 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 Rigby market.
Median List Price $607,000
Median Price of New Listings $450,000
Per Square Foot $178
Average Days on Market 84
Median Days on Market 70
Price Decreased 65%
Price Increased 2%
Relisted 7%
Inventory 54
Median Rent
Market Action 35
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
$950,000 5,118 1 - 2.5 acres 6 3.5 15 0 1 119
$698,000 3,584 1 - 2.5 acres 6 3 5 0 2 63
$557,495 3,143 1 - 2.5 acres 4 2.8 12 0 0 77
$379,900 2,204 0.5 - 1 acre 4 2 46 1 2 31