Is 83422, ID a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 83422 was a Buyer'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
$800,000
$427/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 83422 have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in 83422 was $800,000 in April 2024, down 2.4% from last year, and the median price per square foot was $427.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $2.0M | $416K | -80.0% |
| 2 Bedrooms | $620K | $745K | +20.2% |
| 3 Bedrooms | $750K | $707.5K | -5.7% |
| 4 Bedrooms | $897K | $1.0M | +12.7% |
| 5+ Bedrooms | $808.5K | $845K | +4.5% |
Summary: 83422 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 80%, 2 bedroom homes increased by 20.2%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 4.5%.
Median Sold Price Compared To Nearby Zip Codes
| 83455 | $775K | $815K | +5.2% |
| 83422 | $820K | $800K | -2.4% |
Housing Supply in 83422, ID
How many homes are available in 83422, ID?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 30 | +20.0% |
Summary: The 83422 real estate market had 30 homes for sale in April 2024, a 20.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 5 | +150.0% |
| 3 Bedrooms | 16 | 11 | -31.3% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 4 | 9 | +125.0% |
Summary: The 83422 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 150%, 3 bedroom homes decreased by 31.3%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 125%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was 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. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 83422 in April 2024, up by 20.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 246 Days | 215 Days | -12.3% |
Summary: Homes in 83422 had an average of 215 days on market in Apr 2024, down by 12.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 83422 has remained consistent over time.
Summary: During April 2024, 6 homes were sold in 83422; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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