Inventory in Bannock County has edged down slightly, with about 460 active listings in September and a small month-over-month decline. Homes sold rose modestly from the prior month, reaching 97 closings, even as new listings fell nearly 10 percent. Pending sales, however, dropped sharply from August, pointing to a cooler pipeline of future closings.
Pricing is adjusting to this softer contract flow. The typical home value is down more than 4 percent from August and more than 8 percent compared with last year, even as the median list price is up over 12 percent year over year, suggesting sellers are still testing higher asking prices. Homes are taking longer to sell, with median days on market jumping to 57, an increase of nearly 84 percent from the prior month and up from a year ago.
Supply currently sits at about four months, and local conditions are labeled a buyer’s market, slightly softer than the statewide Idaho level of roughly 3.1 months of supply. Sellers are still achieving close to their asking prices, with an average sale-to-list ratio just under 100 percent, yet no meaningful share of homes is selling above list, indicating limited bidding wars. Agent Pronto can connect both buyers and sellers with an experienced local agent who understands these shifting dynamics and can help them navigate their next move with confidence.
