The housing market in Wood River continues to see strong price appreciation, with values up 37.8% compared to last year. Home prices have increased 25.6% in the past month alone. At the current pace, all available homes in Wood River would sell out in just 1.1 months, indicating a continued supply shortage. Homes are now taking an average of 59 days to sell, significantly longer than the 31 days typical for this market. A significant 46.7% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 21.4% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Wood River market with the affordability index at 65.4. Based on current market indicators, home prices in Wood River are projected to decrease by approximately 14.4% over the next month.