Is Challis, ID 83226 a buyer’s or seller’s market?
Challis is a balanced market. With about 5.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Challis housing market right now
In the three months ending August 31, 2026, 0% of homes in Challis, ID 83226 sold above their list price, the typical home went under contract in 183 days and there were 5.3 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 9 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (57 days then) and the median sale price rose 20% to $358,845. Overall, Challis is less competitive than a year ago, which gives buyers more room.
Nearby, Stanley 83278 (25% sold over asking) is even more competitive.
Run the numbers for 83226
Nearby markets
Clayton 83227 $347 /sq ftMackay 83251Balanced $286 /sq ftStanley 83278Seller’s market $861 /sq ft Browse all markets →Where Challis is
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Questions about Challis real estate
Is Challis a buyer’s or seller’s market?
A balanced market: there were 5.3 months of supply in Challis, ID 83226 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Challis?
The typical home went under contract in 183 days in the latest three months.
Do homes in Challis sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 85.0% of the list price.
What are property taxes in Challis?
About 0.29% of a home’s value a year in Custer County, or roughly $1,160 on a $400,000 home.
What is the median home price in Challis?
The median sale price was $358,845 in the three months ending August 31, 2026, about $146 per square foot.
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More tools for 83226
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology