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Is Downey, ID 83234 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Downey is a balanced market. With about 6 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply6Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list97.8%Sold price ÷ list price
Median days on market143Listing to accepted offer
Median price per sq ft$178▲ +35.7% vs. last year

The Downey housing market right now

In the three months ending August 31, 2026, 0% of homes in Downey, ID 83234 sold above their list price, the typical home went under contract in 143 days and there were 6 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 8 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 (65 days then) and the median sale price fell 10% to $293,873. Overall, Downey is less competitive than a year ago, which gives buyers more room.

Within Bannock County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.

Run the numbers for 83234

Prefilled for 83234Can I win this house?Multiple-offer likelihood for a listing Prefilled for 83234Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Arimo 83214Balanced $192 /sq ftInkom 83245Seller’s market $176 /sq ftLava Hot Springs 83246Buyer’s market $282 /sq ftMcCammon 83250Seller’s market $217 /sq ft Browse all markets →

Towns like Downey nearby

Find towns like Downey in other states →
Clifton, ID83228 · 15 miles away84% similarpricier homes ($63K more) · 8 min shorter commute Malad City, ID83252 · 18 miles away80% similarpricier homes ($42K more) · larger McCammon, ID83250 · 15 miles away76% similarpricier homes ($93K more) · larger Grace, ID83241 · 21 miles away73% similarlarger · 13 min shorter commute

Where Downey is

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Questions about Downey real estate

Is Downey a buyer’s or seller’s market?

A balanced market: there were 6 months of supply in Downey, ID 83234 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 Downey?

The typical home went under contract in 143 days in the latest three months.

Do homes in Downey sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 97.8% of the list price.

What are property taxes in Downey?

About 0.64% of a home’s value a year in Bannock County, or roughly $2,560 on a $400,000 home.

What is the median home price in Downey?

The median sale price was $293,873 in the three months ending August 31, 2026, about $178 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology