Jerome, ID Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Jerome, ID is $268,000, down 18.4% year-over-year. Homes sell in an average of 203 days with 51 active listings. The market is currently a buyer's market.
$268,000median sale price
Is Jerome a buyer's or seller's market?
Jerome, ID is currently a buyer's market, based on 7.3 months of supply and homes selling in about 203 days. How we determine this →
Homes sold
7
Last 12 weeks
Days on market
203
Average pace
Active listings
51
7.3 months supply
Sale-to-list
95.1%
Below asking
Jerome, ID market data
| Metric | Value |
|---|---|
| Median sale price | $268,000 |
| Median list price | $329,900 |
| Year-over-year price change | -18.4% |
| Average days on market | 203 days |
| Active inventory | 51 listings |
| Months of supply | 7.3 months |
| Sale-to-list price ratio | 95.1% |
| Market condition | Buyer's market |
Source: Redfin · Updated weekly
The Jerome housing market is currently classified as a buyer's market with a median sale price of $268,000. Prices have fallen 18.4% compared to last year, with homes spending an average of 203 days on market, indicating 7.3 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Jerome
There are currently 51 homes listed for sale in Jerome, Idaho. The median listing price is $330K.
Active listings
51
Homes on market
Median list price
$330K
Avg. days on market
203
Days until sale
New this week
12
Newly listed
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Frequently asked questions
What is the average home price in Jerome?
The median home sale price in Jerome is $268,000, down 18.4% from last year.
How long do homes stay on market in Jerome?
Homes typically spend 203 days on market before going under contract.
Is Jerome a buyer's or seller's market?
With 7.3 months of supply, Jerome is currently a buyer's market.
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