$345,000
3.40 Acres
Land
Ken Dunn, Listing Office: Coldwell Banker Mountain Properties
Is Teton County, 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, 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
$792,500
$434/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$14,500(-1.8%)
Key Takeaway
Homes in Teton County have sold for 1.8% less than they did a year ago.
Summary: The median home sold price in Teton County was $792,500 in October 2024, down 1.8% from last year, and the median price per square foot was $434.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $355K | $391K | +10.1% |
| 2 Bedrooms | $634.5K | $626K | -1.3% |
| 3 Bedrooms | $760K | $735K | -3.3% |
| 4 Bedrooms | $1.1M | $1.4M | +19.4% |
| 5+ Bedrooms | $1.2M | $1.4M | +17.6% |
Summary: Teton County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.1%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 17.6%.
Median Sold Price Compared To Nearby Counties
| Teton County | $2.0M | $2.1M | +0.8% |
| Teton County | $807K | $792.5K | -1.8% |
Housing Supply in Teton County, ID
How many homes are available in Teton County, ID?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 135 | 130 | -3.7% |
Summary: The Teton County real estate market had 130 homes for sale in October 2024, a 3.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 5 | -28.6% |
| 2 Bedrooms | 20 | 22 | +10.0% |
| 3 Bedrooms | 53 | 50 | -5.7% |
| 4 Bedrooms | 29 | 27 | -6.9% |
| 5+ Bedrooms | 26 | 26 | 0.0% |
Summary: The Teton County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 25 | +92.3% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 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. 66.7% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Teton County in October 2024, up by 92.3% month-over-month. Of the 24 sold homes, 67% were sold under asking, 21% were sold at asking, and 13% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 165 Days | 113 Days | -31.5% |
Summary: Homes in Teton County had an average of 113 days on market in Oct 2024, down by 31.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Teton County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 25 homes were sold in Teton County; 4% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 52% of homes were sold over 90 days.
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