Is Teton County, ID a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Teton County has remained a Seller's Market.
Key Takeaway
Teton County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Teton County, ID
How much do homes in Teton County, ID cost?
Median Sold Price
$790,000
$433/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Teton County have sold for 3.7% less than they did a year ago.
Summary: The median home sold price in Teton County was $790,000 in May 2024, down 3.7% from last year, and the median price per square foot was $433.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $333.7K | $416.5K | +24.8% |
| 2 Bedrooms | $660K | $600.5K | -9.0% |
| 3 Bedrooms | $776.3K | $730K | -6.0% |
| 4 Bedrooms | $1.0M | $1.3M | +25.2% |
| 5+ Bedrooms | $995K | $1.1M | +10.6% |
Summary: Teton County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.8%, 2 bedroom homes decreased by 9%, 3 bedroom homes decreased by 6%, 4 bedroom homes increased by 25.2%, and 5+ bedroom homes increased by 10.6%.
Median Sold Price Compared To Nearby Counties
| Teton County | $1.9M | $2.1M | +9.0% |
| Teton County | $820.2K | $790K | -3.7% |
Housing Supply in Teton County, ID
How many homes are available in Teton County, ID?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 89 | 101 | +13.5% |
Summary: The Teton County real estate market had 101 homes for sale in May 2024, a 13.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 21 | 24 | +14.3% |
| 3 Bedrooms | 33 | 30 | -9.1% |
| 4 Bedrooms | 17 | 24 | +41.2% |
| 5+ Bedrooms | 14 | 19 | +35.7% |
Summary: The Teton County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 41.2%, and 5+ bedroom homes increased by 35.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 19 | +5.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Teton County, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Teton County in May 2024, up by 5.6% month-over-month. Of the 19 sold homes, 47% were sold under asking, 42% were sold at asking, and 11% were sold over asking.
Days on Market for Teton County, ID
How long does it take to sell a home in Teton County, ID?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 124 Days | 138 Days | +10.8% |
Summary: Homes in Teton County had an average of 138 days on market in May 2024, up by 10.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Teton County has remained consistent over time.
Summary: During May 2024, 19 homes were sold in Teton County; 11% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 42% of homes were sold over 90 days.
DISCLAIMER: Information provided through the Teton IDX Program is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties and individual consumers interested in purchasing. Properties displayed through the Teton IDX Program may be selected by and displayed by an IDX participant, who may not necessarily be the listing agent. Any information contained herein is deemed reliable, but not guaranteed and the Teton MLS is not responsible or liable for the information. © 2024 MLS.
Listings with this icon are © 2024 of InterMountain MLS. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. Information provided by IMLS is deemed reliable but not guaranteed.