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
Sat Apr 20 2024
This week the median list price for Idaho Falls, ID is $499,000 with the market action index hovering around 47. This is an increase over last month's market action index of 46. Inventory has increased to 177.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Real-Time Market Profile
| Median List Price | $499,000 | |
| Median Price of New Listings | $434,500 | |
| Per Square Foot | $176 | |
| Average Days on Market | 86 | |
| Median Days on Market | 35 | |
| Price Decreased | 29% | |
| Price Increased | 3% | |
| Relisted | 7% | |
| Inventory | 177 | |
| Median Rent | ||
| Market Action | 47 | |
| Strong Seller's Market | ||
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 |
|---|---|---|---|---|---|---|---|---|
| $1,042,500 | 5,095 | 1 - 2.5 acres | 5 | 3.5 | 19 | 4 | 4 | 70 |
| $549,900 | 3,213 | 0.25 - 0.5 acre | 5 | 3 | 17 | 4 | 6 | 42 |
| $429,450 | 2,765 | 0.25 - 0.5 acre | 4 | 3 | 36 | 10 | 8 | 21 |
| $298,000 | 1,566 | 4,500 - 6,500 sqft | 3 | 2 | 73 | 10 | 8 | 42 |