Chris Schmalz Real Estate Group's Market Report

Idaho Falls, ID

Single-Family Homes

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



Idaho Falls, ID

Thu Dec 01 2022
This week the median list price for Idaho Falls, ID is $454,500 with the market action index hovering around 36. This is less than last month's market action index of 38. Inventory has decreased to 350. Click here to stay informed with the Idaho Falls 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.

Idaho Falls, ID

Thu Dec 01 2022
This week the median list price for Idaho Falls, ID is $454,500 with the market action index hovering around 36. This is less than last month's market action index of 38. Inventory has decreased to 350. Click here to stay informed with the Idaho Falls 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 Idaho Falls market.
Median List Price $454,500
Median Price of New Listings $430,950
Per Square Foot $158
Average Days on Market 79
Median Days on Market 63
Price Decreased 62%
Price Increased 2%
Relisted 11%
Inventory 350
Median Rent
Market Action 36
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
$695,000 4,016 0.5 - 1 acre 5 3 14 3 7 98
$499,900 3,200 0.25 - 0.5 acre 5 3 7 9 7 63
$415,000 2,764 0.25 - 0.5 acre 4 3 20 10 8 42
$298,500 1,799 6,500 - 8,000 sqft 3 2 70 10 10 52