$10,000 Closing Credit*
$1,200,000
2,407 SqFt
4 Beds
•2 Full Baths
Mandy Rockefeller, Listing Office: Teton Valley Realty
Is 83422, ID a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 83422 was a Seller's Market.
Key Takeaway
83422 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 83422, ID
How much do homes in 83422, ID cost?
Median Sold Price
$735,000
$420/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$74,000(-9.1%)
Key Takeaway
Homes in 83422 have sold for 9.1% less than they did a year ago.
Summary: The median home sold price in 83422 was $735,000 in November 2024, down 9.1% from last year, and the median price per square foot was $420.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $416K | - | N/A |
| 2 Bedrooms | $680K | $636K | -6.5% |
| 3 Bedrooms | $804.5K | $687.5K | -14.5% |
| 4 Bedrooms | $1.1M | $1.0M | -6.8% |
| 5+ Bedrooms | $933K | $1.3M | +43.6% |
Summary: 83422 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.5%, 3 bedroom homes decreased by 14.5%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes increased by 43.6%.
Median Sold Price Compared To Nearby Zip Codes
| 83455 | $785K | $788.5K | 0.4% |
| 83422 | $809K | $735K | -9.1% |
Housing Supply in 83422, ID
How many homes are available in 83422, ID?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 48 | 41 | -14.6% |
Summary: The 83422 real estate market had 41 homes for sale in November 2024, a 14.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 20 | 16 | -20.0% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The 83422 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 3 | -72.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 83422, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 83422 in November 2024, down by 72.7% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 187 Days | 84 Days | -55.1% |
Summary: Homes in 83422 had an average of 84 days on market in Nov 2024, down by 55.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 83422 has remained consistent over time.
Summary: During November 2024, 3 homes were sold in 83422; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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