Monday, September 10, 2018

Bonneville County real estate market shows sharp jump in median home prices

Bonneville County real estate numbers from the Snake River Multiple Listing Service for the first seven months of this year show that while houses are selling in about the same numbers, prices are up dramatically along with new listings, and properties are selling faster than they were last year.

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?

 

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