Bonneville County Market Report November 2022

Page 1

November 2022

In November 2022, Bonneville County home prices were down 1.9% compared to last year, selling for a median price of $382,500. On median, homes in Bonneville County sell after 35 days on the market, up 105.9% from last year in November. There were 124 homes sold in November this year, down from 182 last year.

Median Sales Price

$382,500

Up 3.1% from prior month

Down 1.9% from prior year

Residential Closed Sales 124

Down 13.3% from prior month

Down 31.9% from prior year

Information pulled on 12/01/2022

The information in this report is compiled from a report given by the Snake River MLS and to the best of our knowledge is accurate and current.

Current Listing Inventory

378

Down 10.2% from prior month

Up 52.4% from prior year

Median Days On Market

35

Down 18.6% from prior month

Up 105.9% from prior year

Bonneville County Market Report | November 2022 2

Median Days On Market

As of 12/1/2022. By month dating from November 2020 to November 2022. Days on Market is the median number of days between when a property is listed and the contract date.

As of 12/1/2022. By month dating from November 2020 to November 2022. Median Sales Price is the mid point (median) value where the price for half of the closed sales is higher and half is lower.

8 8 6 5 5 5 5 4 5 7 7 10 17 9 13 5 5 6 6 6 12 25 33 43 35 0 5 10 15 20 25 30 35 40 45
Nov'20Dec'20Jan'21Feb'21March'21April'21May'21June'21July'21Aug'21Sept'21Oct'21Nov'21Dec'21Jan'22Feb'22March'22April'22May'22June'22July'22Aug'22Sept'22Oct'22Nov'22
Median Sales Price
Bonneville County Market Report | November 2022 3 $295 $295 $300 $307 $335 $327 $360 $334 $350 $365 $367 $375 $390 $380 $390 $380 $426 $430 $390 $405 $423 $385 $405 $371 $383 $250 $300 $350 $400 $450 Nov'20Dec'20Jan'21Feb'21March'21April'21May'21June'21July'21Aug'21Sept'21Oct'21Nov'21Dec'21Jan'22Feb'22March'22April'22May'22June'22July'22Aug'22Sept'22Oct'22Nov'22

Active

Bonneville County Market Report | November 2022 4
Residential Listings
Active Listings By Price Range As of 12/1/2022
189 133 195 194 224 294 226 275 315 319 340 315 248 187 202 188 258 315 390 445 459 527 430 421 378 0 300 600 Nov'20Dec'20Jan'21Feb'21March'21April'21May'21June'21July'21Aug'21Sept'21Oct'21Nov'21Dec'21Jan'22Feb'22March'22April'22May'22June'22July'22Aug'22Sept'22Oct'22Nov'22 0 $150K 0% $150 200K 1% 200K $250K 2% $250K 300K 11% $300K $350K 11% $350K $400K 14% $400K $450K 12% $450K $500K 15% $500K $600K 15% $600K $800K 13% $800K $1M 2% $1M+ 4%
As of 12/1/2022. By month dating from November 2020 to November 2022. Active Inventory is the number of properties for sales at the end of the month, based on the contract date.
for the month of November.
Bonneville County Market Report | November 2022 5
Closed Sales
properties
214 168 101 104 121 176 165 176 157 189 190 207 182 183 152 122 148 146 171 149 145 172 148 143 124 0 100 200 300 Nov'20Dec'20Jan'21Feb'21March'21April'21May'21June'21July'21Aug'21Sept'21Oct'21Nov'21Dec'21Jan'22Feb'22March'22April'22May'22June'22July'22Aug'22Sept'22Oct'22Nov'22 Sold Listings By Price Range As of 12/1/2022 for the month
November. 0 $150K 1% $150 200K 3% 200K $250K 6% $250K 300K 17% $300K $350K 12% $350K $400K 19% $400K $450K 11% $450K $500K 9% $500K $600K 10% $600K $800K 9% $800K $1M 1% $1M+ 2%
Residential
As of 12/1/2022. By month dating from November 2020 to November 2022. Closed Sales is the number of
sold.
of

Annual

Price

Bonneville County Market Report | November 2022 6
Median Sales
As of 12/1/2022. By month dating from November 2020 to November 2022. Median Sales Price is the mid point (median) value where the price for half of the closed sales is higher and half
lower. 1931 1862 1843 2068 1768 1619 1250 1350 1450 1550 1650 1750 1850 1950 2050 2150 2017 2018 2019 2020 2021 2022 $179 $195 $220 $265 $350 $399 $0 $100 $200 $300 $400 $500 2017 2018 2019 2020 2021 2022 Annual Residential Closed Sales Year to date as of November Closed Sales is the number of properties sold.
is

Monthly

Monthly 30 year fixed mortgage rates highlighting the week ending Wednesday, November 30, 2022.

Sale-to-List

As of 12/1/2022. By month dating from November 2020 to November 2022.

expressed as a percentage.

Mortgage
Rates
Price
Sale to List Price Ratio
average
sales
price
101.5% 100.5% 102.1%102.5%102.3% 103.5%103.5%103.9%103.7% 102.1% 101.3% 100.5% 100.1% 100.5% 101.0%101.1% 101.9% 101.5% 102.2% 101.5% 99.5% 98.0% 98.5% 97.5% 98.2% 97.0% 98.0% 99.0% 100.0% 101.0% 102.0% 103.0% 104.0% 105.0% Nov'20Dec'20Jan'21Feb'21March'21April'21May'21June'21July'21Aug'21Sept'21Oct'21Nov'21Dec'21Jan'22Feb'22March'22April'22May'22June'22July'22Aug'22Sept'22Oct'22Nov'22 Bonneville County Market Report | November 2022 7 3.10% 3.11% 3.55% 3.89% 4.67% 5.10% 5.10% 5.70% 5.30% 5.66% 6.70% 7.08% 6.58% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% 5.00% 5.50% 6.00% 6.50% 7.00% 7.50% Nov '21 Dec '21 Jan '22 Feb '22 Mar '22 Apr '22 May '22 June '22 July '22 Aug '22 Sep '22 Oct '22 Nov '22
Ratio
is the
of
price divided by the final list

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