Bonneville County real estate market shows sharp jump in median home prices - East Idaho News
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Bonneville County real estate market shows sharp jump in median home prices

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IDAHO FALLS — Bonneville County real estate numbers from the first seven months of this year show that while houses are selling at about the same rate, prices are up dramatically along with new listings.

The Snake River Multiple Listing Service numbers also show that properties are selling faster than they were last year.

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If you look at the median price from 2011 — $134,578 — compared to the median price this year — $193,121 — you’ve got an increase of 43 percent. It would be hard not to conclude that the market has rebounded from the hole it was in.

We took a look at the HPI Calculator to find out the value today of a house valued at $134,578 in the second quarter of 2011 and it shows that house would be worth $186,894 – a 38 percent increase.

All in all, if you’re thinking about selling a home you’ve been hanging onto for a while, it looks like now would be a pretty good time to do it. Of course, you’d have to find some other living arrangements, wouldn’t you?

This story originally appeared on BizMojo Idaho. It is posted here with permission.

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