Is Jerome, ID 83338 a buyer’s or seller’s market?
Jerome is a seller’s market. With about 1.9 months of supply and 15% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 52% of U.S. ZIP codes, and #29 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 Jerome housing market right now
In the three months ending August 31, 2026, 15% of homes in Jerome, ID 83338 sold above their list price, the typical home went under contract in 49 days and there were 1.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 83 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 12%, homes sold faster (69 days then) and the median sale price fell 7% to $349,839. Overall, Jerome is more competitive than a year ago, so tougher for buyers.
On our competition score, Jerome ranks #29 of 69 ID ZIP codes with enough sales (score 51 out of 100).
Nearby, buyers who want less competition could look at Hazelton 83335 (0% sold over asking), while Eden 83325 (100% sold over asking) is even more competitive.
Run the numbers for 83338
Nearby markets
Eden 83325Buyer’s market $164 /sq ftHazelton 83335Seller’s market $226 /sq ft Browse all markets →Towns like Jerome nearby
Find towns like Jerome in other states →Where Jerome is
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Questions about Jerome real estate
Is Jerome a buyer’s or seller’s market?
A seller’s market: there were 1.9 months of supply in Jerome, ID 83338 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 Jerome?
The typical home went under contract in 49 days in the latest three months.
Do homes in Jerome sell over asking?
15% of homes sold above their original list price, and the typical sale closed at 99.1% of the list price.
What are property taxes in Jerome?
About 0.63% of a home’s value a year in Jerome County, or roughly $2,520 on a $400,000 home.
What is the median home price in Jerome?
The median sale price was $349,839 in the three months ending August 31, 2026, about $241 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