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Idaho Falls Home Values

Knowing your Idaho Falls home value is important information to have if you are thinking of selling your home.


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Idaho Falls home values

What's Your Home Worth? | Home Value Estimator

Idaho Falls Home Values

Knowing your Idaho Falls home value is important information to have if you are thinking of selling your home.

You can get insider information that can potentially save you thousands of dollars. Using the information you submit to us in the form on this page, we will conduct a thorough comparative market analysis by searching the database of all homes listed or sold in Idaho Falls.

With this current market data, we will be able to determine what your home might sell for if you decided to put it on the market.


There is no cost or obligation for this valuable service.

For a FREE Idaho Falls Home Evaluation, please fill in the information requested.

Idaho Falls Home Values

Real estate markets are cyclical on the national and the local level, and home values fluctuate based on what part of the cycle the market is in. There are three parts to the real estate market cycle:
(1) the Up Market;
(2) the Down Market; and
(3) the Transitional Market.

The market over time constantly moves through these three parts. The Transitional Market occurs as the market moves from an Up Market to a Down Market, and again as the market moves from a Down Market to an Up Market. The Up Market is characterized by increased home buyer demand caused by decreased supply of available homes to purchase, and an increase in the number of sales.

Consequently, competition among buyers for the available homes is increased, causing prices to go up. Often an Up Market is called a Seller’s Market, since this environment of increased competition and rising prices is generally advantageous for home sellers. Conversely, a Down Market is characterized by decreased home buyer demand caused by increased supply of available homes to purchase, and a decrease in the number of sales. This decreased competition among home buyers causes prices to go down. Often a Down Market is called a Buyer’s Market, since this environment of low prices is generally advantageous to buyers.

Let’s look at how homes values in Idaho Falls have been affected historically by the real estate market cycle by looking at average annual sales price and annual sales volume (number of transactions). Average annual sale price is the average of all sale prices during one specific calendar year.

Since the value of a home is set by the price that a buyer pays for it, it follows quite logically that average annual sale price is the average value of all homes sold during that year. The following graph shows average sale price and number of sales each year during the period 2003-2015 for the Idaho Falls market.

It is quite apparent from this graph that sales volume follows sales price quite closely. When volume is up, prices are up. Why is it that home values are linked so closely to volume? Think back to our earlier discussion of the cyclical nature of real estate markets. In an Up Market, we said that increased buyer demand is caused by a decreased number of available homes for sale. This is only partially true.

Increased demand is also caused by the increased sales volume, because more demand means that more homes sell per month, which further increases demand by #c64451ucing the number of available homes for sale going forward. Therefore prices (home values) go up as volume goes up. The reverse is true for Down Markets.

In reality, homes values and sales volume rarely move in complete synchronization with one another. Refer to the graph above during the years 2007 and 2008. Sales volume was highest in 2007, yet home values were highest in 2008. This phenomenon occur#c64451 due to the fact that as the Idaho Falls real estate market moved into a Transitional Market in 2008, buyers slowed down their buying (sales volume) before prices “caught up” with this downward trend.

Buyers that purchased a home during especially the latter half of 2008 overpaid for their home because the lower sales volume did not justify the higher price paid. In other words, these buyers actually purchased homes at prices above the home values.

Keller Williams Realty East Idaho