$345,000
3.40 Acres
Land
Ken Dunn, Listing Office: Coldwell Banker Mountain Properties
Is 83422, ID a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 83422 has remained a Seller's Market.
Key Takeaway
83422 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 83422, ID
How much do homes in 83422, ID cost?
Median Sold Price
$750,000
$427/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$59,000(-7.3%)
Key Takeaway
Homes in 83422 have sold for 7.3% less than they did a year ago.
Summary: The median home sold price in 83422 was $750,000 in October 2024, down 7.3% from last year, and the median price per square foot was $427.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $416K | - | N/A |
| 2 Bedrooms | $690K | $653K | -5.4% |
| 3 Bedrooms | $800K | $735K | -8.1% |
| 4 Bedrooms | $1.1M | $948.9K | -18.3% |
| 5+ Bedrooms | $915K | $933K | +2.0% |
Summary: 83422 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.4%, 3 bedroom homes decreased by 8.1%, 4 bedroom homes decreased by 18.3%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Zip Codes
| 83455 | $785K | $786K | 0.1% |
| 83422 | $809K | $750K | -7.3% |
Housing Supply in 83422, ID
How many homes are available in 83422, ID?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 52 | 48 | -7.7% |
Summary: The 83422 real estate market had 48 homes for sale in October 2024, a 7.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 19 | 17 | -10.5% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The 83422 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 11 | +120.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 83422, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 83422 in October 2024, up by 120.0% month-over-month. Of the 11 sold homes, 45% were sold under asking, 36% were sold at asking, and 18% were sold over asking.
Days on Market for 83422, ID
How long does it take to sell a home in 83422, ID?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 150 Days | 104 Days | -30.4% |
Summary: Homes in 83422 had an average of 104 days on market in Oct 2024, down by 30.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 83422 has remained consistent over time.
Summary: During October 2024, 11 homes were sold in 83422; 0% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 45% of homes were sold over 90 days.
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