Is Idaho Falls, ID 83406 a buyer’s or seller’s market?
Idaho Falls is a seller’s market. With about 3.3 months of supply and 0% 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.
The Idaho Falls housing market right now
In the three months ending August 31, 2026, 0% of homes in Idaho Falls, ID 83406 sold above their list price, the typical home went under contract in 23 days and there were 3.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 90 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (26 days then) and the median sale price fell 10% to $414,821. Overall, Idaho Falls is about as competitive as it was a year ago.
Within Bonneville 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 83406
Nearby markets
Idaho Falls 83401Seller’s market $171 /sq ftIdaho Falls 83402Balanced $168 /sq ftIdaho Falls 83404Seller’s market $164 /sq ftIona 83427Seller’s market $173 /sq ft Browse all markets →Towns like Idaho Falls nearby
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Questions about Idaho Falls real estate
Is Idaho Falls a buyer’s or seller’s market?
A seller’s market: there were 3.3 months of supply in Idaho Falls, ID 83406 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 23 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 $414,821 in the three months ending August 31, 2026, about $177 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