Living in Basalt, ID
Basalt, Idaho is a picturesque small town perfect for those who enjoy the outdoors and a community-centric lifestyle. Nestled in the Wood River Valley, residents can engage in numerous recreational activities while enjoying the serene natural beauty. The area provides essential local amenities, making it ideal for families and outdoor enthusiasts alike.
Current Market Conditions in Basalt, ID
The real estate market in Basalt is currently experiencing moderate growth, with an increase in home values driven largely by the desirability of the area for second-home buyers and families seeking a peaceful, rural lifestyle. Listings are typically on the market for a shorter time, indicating a competitive environment for buyers.
In recent months, more properties have been listed, allowing for greater variety and choice, which has led to a slight easing of previously heightened competition. However, the demand still outstrips supply, particularly for single-family homes and larger plots.
The appreciation of home prices in Basalt has made it a sought-after location for investors looking for rental properties, given its proximity to outdoor recreational activities and larger urban centers.
Home Value Estimator For Basalt, ID
There are currently 120 real estate properties
in Basalt, ID,
with a median automated valuation model (AVM) price
of $312,087.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Basalt, ID, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Basalt, ID,
is $304,808.00, with the most expensive house
in Basalt, ID, topping out
at $634,057.00 and the cheapest home
in Basalt, ID,
clocking in at $36,347.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Basalt, ID!
Rent Prices
In Basalt, ID
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Basalt, ID, is on
a rollercoaster ride. The
average rent price in Basalt, ID,
is $0.00. Indeed, when looking to rent in
Basalt, ID, you can expect to pay as little
as $0.00 or as much
as $0.00,
with the average rent median estimated to
be $0.00. The good news is that finding
an affordable and desirable property to rent in Basalt, ID
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
