OfferBackedBuyer Tools

Is Idaho Falls, ID 83402 a buyer’s or seller’s market?

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

Idaho Falls is a balanced market. With about 4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply4Under 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 market22Listing to accepted offer
Median price per sq ft$168▼ −8.1% vs. last year

The Idaho Falls housing market right now

In the three months ending August 31, 2026, 0% of homes in Idaho Falls, ID 83402 sold above their list price, the typical home went under contract in 22 days and there were 4 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 92 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (32 days then) and the median sale price rose 2% to $354,846. Overall, Idaho Falls is more competitive than a year ago, so tougher for buyers.

Within Bonneville County, homes here sell faster than in 83% 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 83402

Prefilled for 83402Can I win this house?Multiple-offer likelihood for a listing Prefilled for 83402Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Idaho Falls 83401Seller’s market $171 /sq ftIdaho Falls 83404Seller’s market $164 /sq ftIdaho Falls 83406Seller’s market $177 /sq ftIona 83427Seller’s market $173 /sq ft Browse all markets →

Towns like Idaho Falls nearby

Find towns like Idaho Falls in other states →
Idaho Falls, ID83401 · 9 miles away89% similarlarger Idaho Falls, ID83404 · 3 miles away88% similarpricier homes ($59K more) Blackfoot, ID83221 · 26 miles away86% similarcheaper homes ($54K less) · more homeowners Saint Anthony, ID83445 · 37 miles away76% similarcheaper homes ($51K less) · smaller

Where Idaho Falls is

Loading map…

Questions about Idaho Falls real estate

Is Idaho Falls a buyer’s or seller’s market?

A balanced market: there were 4 months of supply in Idaho Falls, ID 83402 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 Idaho Falls?

The typical home went under contract in 22 days in the latest three months.

Do homes in Idaho Falls sell over asking?

0% of homes sold above their original list price.

What are property taxes in Idaho Falls?

About 0.50% of a home’s value a year in Bonneville County, or roughly $2,000 on a $400,000 home.

What is the median home price in Idaho Falls?

The median sale price was $354,846 in the three months ending August 31, 2026, about $168 per square foot.

Local agents

See all agents in 83402 →

No sponsored agents in 83402 yet. Are you an agent here? Put your name in front of local buyers.

Save this ZIP (free account)

More tools for 83402

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Bonneville County property taxesBonneville County loan limitsClosing costs in IdahoHottest ZIP codes in Idaho
Add this to your website

Free to use. Paste this code where you want the live widget to appear. It updates automatically. More widgets

Sizes itself to fit. If your site builder removes scripts, use “iframe only”.

Preview

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