Recent Market Trends in Idaho Falls

Idaho Falls Real Estate Video Blog with Shawn Anderson

There are many great Idaho Falls area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home,click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at [phone] for a FREE home buying or selling consultation to answer any of your real estate questions.

Today, we'll discuss the real estate market in Idaho Falls. Overall, we're in a very strong market, but there are a few areas that are standing out.

Right now, we have 3.8 months of inventory. Whenever the market is under 5 months of inventory, it means there are not enough houses on the market to accommodate buyer demand. This is good news for sellers, because as demand rises, so do home values. Buyers can still find houses, but they should be prepared for a more competitive market.

Sales will slow down in the winter, but you still have a good chance to sell your home. Buyers who look for homes in the market tend to be more serious than summer buyers, so there's no need to wait for the spring market to sell your home.

On average, a home spends 83 days on the market, which is very good. Sellers are also getting 98.6% of their asking price.

Now, there are a couple of areas that are particularly strong right now. Homes priced between $150,000 and $175,000 are in high demand. The average days on market for these homes is 66, which is almost a month faster than our county average. The $200,000-$250,000 market is also hot, with 3.5 months of inventory and an average of 72 days on market.

In addition, the 83404 zip code on the south side of Idaho Falls is on fire! That area has 3 months of inventory, and there are only 7 houses for sale built after 1990, and they are priced between $300,0000 and $350,000. I recently had a listing appointment with a seller, and since their home falls within that market, that seller will be able to get more than they would at another time.


As you can see, the market overall is very strong right now, with a few pockets that are on fire. If you have any questions, give us a call or send us an email. We look forward to hearing from you!