Is Preston, ID 83263 a buyer’s or seller’s market?
Preston is a buyer’s market. With about 10.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 16% of U.S. ZIP codes, and #62 of 69 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Preston housing market right now
In the three months ending August 31, 2026, 11% of homes in Preston, ID 83263 sold above their list price, the typical home went under contract in 69 days and there were 10.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 20 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (13% then), homes sold about as fast and the median sale price rose 9% to $459,801. Overall, Preston is about as competitive as it was a year ago.
Within Franklin County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in 75%. On our competition score, Preston ranks #62 of 69 ID ZIP codes with enough sales (score 22 out of 100).
Nearby, buyers who want less competition could look at Franklin 83237 (0% sold over asking) or Dayton 83232 (0% sold over asking), while Weston 83286 (50% sold over asking) is even more competitive.
Run the numbers for 83263
Nearby markets
Clifton 83228Buyer’s market $192 /sq ftDayton 83232 $143 /sq ftFranklin 83237Buyer’s market $184 /sq ftWeston 83286Buyer’s market $290 /sq ft Browse all markets →Towns like Preston nearby
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Questions about Preston real estate
Is Preston a buyer’s or seller’s market?
A buyer’s market: there were 10.4 months of supply in Preston, ID 83263 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 Preston?
The typical home went under contract in 69 days in the latest three months.
Do homes in Preston sell over asking?
11% of homes sold above their original list price, and the typical sale closed at 98.5% of the list price.
What are property taxes in Preston?
About 0.40% of a home’s value a year in Franklin County, or roughly $1,600 on a $400,000 home.
What is the median home price in Preston?
The median sale price was $459,801 in the three months ending August 31, 2026, about $252 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