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Is Lava Hot Springs, ID 83246 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Lava Hot Springs is a buyer’s market. With about 32 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply32Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list—Sold price ÷ list price
Median days on market35Listing to accepted offer
Median price per sq ft$282▲ +41.1% vs. last year

The Lava Hot Springs housing market right now

In the three months ending August 31, 2026, 0% of homes in Lava Hot Springs, ID 83246 sold above their list price, the typical home went under contract in 35 days and there were 32 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 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 (24 days then) and the median sale price rose 12% to $588,745. Overall, Lava Hot Springs is less competitive than a year ago, which gives buyers more room.

Within Bannock County, homes here sell faster than in 50% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.

Run the numbers for 83246

Prefilled for 83246Can I win this house?Multiple-offer likelihood for a listing Prefilled for 83246Over-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 ftDowney 83234Balanced $178 /sq ftInkom 83245Seller’s market $176 /sq ftMcCammon 83250Seller’s market $217 /sq ft Browse all markets →

Where Lava Hot Springs is

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Questions about Lava Hot Springs real estate

Is Lava Hot Springs a buyer’s or seller’s market?

A buyer’s market: there were 32 months of supply in Lava Hot Springs, ID 83246 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 Lava Hot Springs?

The typical home went under contract in 35 days in the latest three months.

Do homes in Lava Hot Springs sell over asking?

0% of homes sold above their original list price.

What are property taxes in Lava Hot Springs?

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 Lava Hot Springs?

The median sale price was $588,745 in the three months ending August 31, 2026, about $282 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