Is Montpelier, ID 83254 a buyer’s or seller’s market?
Montpelier 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 Montpelier housing market right now
In the three months ending August 31, 2026, 7% of homes in Montpelier, ID 83254 sold above their list price, the typical home went under contract in 113 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. That’s based on 14 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold more slowly (29 days then) and the median sale price rose 52% to $287,875. Overall, Montpelier is less competitive than a year ago, which gives buyers more room.
Within Bear Lake County, homes here sell more slowly than in 80% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Fish Haven 83287 (0% sold over asking) or Saint Charles 83272 (0% sold over asking).
Run the numbers for 83254
Nearby markets
Bern 83220 $143 /sq ftBloomington 83223 — /sq ftDingle 83233Buyer’s market $235 /sq ftFish Haven 83287Buyer’s market $274 /sq ft Browse all markets →Towns like Montpelier nearby
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Questions about Montpelier real estate
Is Montpelier a buyer’s or seller’s market?
A balanced market: there were 5.3 months of supply in Montpelier, ID 83254 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 Montpelier?
The typical home went under contract in 113 days in the latest three months.
Do homes in Montpelier sell over asking?
7% of homes sold above their original list price, and the typical sale closed at 96.0% of the list price.
What are property taxes in Montpelier?
About 0.41% of a home’s value a year in Bear Lake County, or roughly $1,640 on a $400,000 home.
What is the median home price in Montpelier?
The median sale price was $287,875 in the three months ending August 31, 2026, about $155 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