Idaho
Housing Market
The landscape of Idaho’s housing market evolves with shifting home prices and demand. Houzeo’s housing market report tracks constant changes in supply and demand across Idaho. Our report offers real-time insights to help you make informed decisions.
Overview
Supply
Demand
Buy or Sell
Market Insights
MigrationIdaho Housing Market Overview
Idaho housing prices show a 7.3% YoY growth as of January 2025. The constant increase in home prices indicates the strength of the housing market. Currently, the median home price in Idaho is $480,400. Additionally, the number of homes sold increased by 4.8% YoY.
The median days on market can indicate the market's competitiveness. Homes in Idaho now spend 74 days on the market before going under contract. Collectively, these metrics indicate changes in Idaho's housing market pace and affordability.
What Does It Mean for Home Buyers and Sellers?
The median days on market can indicate the market's competitiveness. Homes in Idaho now spend 74 days on the market before going under contract. Collectively, these metrics indicate changes in Idaho's housing market pace and affordability.
What Does It Mean for Home Buyers and Sellers?
- If You’re a Buyer: Home prices increased by 7.3% year over year, but more sellers are reducing prices, with 25.1% of homes seeing price drops. Homes have now been on the market for 74 days, allowing you more time to compare options and negotiate. New listings are up 17.1%, giving you more choices. However, mortgage rates remain high at 7.04%, making affordability a challenge.
- If You’re a Seller: Home prices remain high, which still benefits you. However, fewer homes are selling above the list price, with only 10.5% closing above asking. More new listings mean increased competition, so pricing correctly matters. Homes now take longer to sell, so you should prepare for a slower market.
Idaho Housing Supply
Idaho’s housing supply remains tight, though new listings are increasing. In January 2025, the state had 7,660 homes for sale, a 3.2% decline from last year. However, new listings rose by 17.1%, adding more options for buyers. The market still leans toward sellers, with 3 months of supply slightly lower than the previous year. A lower supply favors sellers, while a higher supply would shift the market toward buyers.
What Does It Mean for Home Buyers and Sellers?
What Does It Mean for Home Buyers and Sellers?
- If You’re a Buyer: Fewer homes for sale in Idaho make the market competitive, but a 17.1% increase in new listings offers more choices. With only 3 months of supply, you may face limited options and higher prices. Acting quickly and making strong offers can improve your chances of securing a home.
- If You’re a Seller: Lower overall inventory keeps demand high, giving you an advantage. However, with more new listings entering the market, competition is increasing. Pricing a home correctly and preparing for negotiations can help you secure the best deal. Homes are still selling, but you should stay flexible in a shifting market.
Idaho Housing Demand
The percentage of homes selling above the list price reflects buyer demand and market competition. Demand is high when more homes sell for more than the asking price. A drop in this percentage suggests increasing supply or weaker competition. Tracking this trend helps buyers and sellers understand market conditions.
In January 2025, 10.5% of homes in Idaho sold above the list price, a slight drop from last year. At the same time, price drops increased to 25.1%, up from 18.0% the previous year. So, more sellers adjusted prices to attract buyers. However, the 98.1% sale-to-list price ratio shows that most homes still sold close to asking prices. Overall, the market remains steady, though signs of cooling have started to appear.
What Does It Mean for Home Buyers and Sellers?
In January 2025, 10.5% of homes in Idaho sold above the list price, a slight drop from last year. At the same time, price drops increased to 25.1%, up from 18.0% the previous year. So, more sellers adjusted prices to attract buyers. However, the 98.1% sale-to-list price ratio shows that most homes still sold close to asking prices. Overall, the market remains steady, though signs of cooling have started to appear.
What Does It Mean for Home Buyers and Sellers?
- If You’re a Buyer: Fewer homes sell above the list price, meaning you face less competition. More price drops (25.1%) allow you to find better deals. Homes are still selling close to asking prices (98.1% sale-to-list ratio), so making reasonable offers remains essential.
- If You’re a Seller: You may need to adjust your expectations as fewer homes sell above the asking price. More price reductions suggest that buyers have more negotiating power. Pricing a home correctly helps attract buyers and avoid price cuts later.
Is It a Buyer’s or Seller’s Market in Idaho?
Strong
Buyer
Buyer
Balanced
Seller
Strong
Seller
Buyer’s Market
Seller’s Market
Seller: Housing demand exceeds supply and drives the prices up. Homes sell fast and get multiple offers from buyers.
Is It a Buyer’s or Seller’s Market in Idaho?
Idaho’s housing market still favors sellers, but conditions are shifting. Home prices rose 7.3% year over year, and low inventory—3 months of supply—keeps demand strong. However, fewer homes are selling above the list price (10.5%), and more sellers are cutting prices (25.1%), giving buyers more negotiating power.
Sellers still have an advantage, but rising inventory and longer time on the market (74 days) show buyers have more options. The market remains competitive but less intense, moving toward a more balanced state.
Idaho Housing Market Insights
The housing market in Idaho stays competitive, though some signs point to a shift toward balance. Home prices rose 7.3% year over year, showing steady demand. The median home price ($480,400) remains above the national median of $418,489, reflecting strong buyer interest. Idaho’s housing inventory tightened slightly, with 7,660 homes for sale, but new listings increased by 17.1%, giving buyers more choices. Some areas cooled due to lower competition. Homes in Idaho have now been on the market for 74 days, allowing buyers more time to decide. However, 2025 real estate trends predict continued growth in some regions as the market adjusts to economic conditions. Idaho’s market favors sellers, but buyers now have more room to negotiate. If you plan to buy a home, waiting for possible price adjustments may help. Also, property taxes and closing costs should be considered when budgeting for a purchase.
Nationwide Migration Trends
Most of Idaho’s population growth comes from domestic migration, mainly from California, Oregon, and Washington. Lower taxes and a relaxed lifestyle attract many newcomers. However, during the winter of 2024, Idaho saw a rise in outbound migration. From November 2024 to January 2025, over 5,000 residents searched for homes in other states. Many moved to urban areas in New York, Texas, and North Carolina. This migration pattern reflects the broader trends in the cost-of-living index. Idaho's index is on the higher end, 6.1% higher than the national average.
Frequently Asked Questions
How have home prices changed in Idaho over the past year?
Idaho’s median home prices have continued to rise over the past 3 years, driven by high demand and low inventory. The median house price in Idaho has increased at an average growth rate of 7.3%, with multiple regions seeing large double-digit percentage growth. To know your home’s worth, use our free home value estimator.
Are home prices in Idaho dropping?
No, Idaho home prices aren't dropping broadly, but they show varied local trends. Statewide prices rose 7.3% YoY in January 2025. Markets like Boise and Coeur d'Alene saw significant gains. Experts forecast continued 4% growth in 2025, though the increased number of houses in Idaho for sale may moderate prices in overvalued areas.
What’s the average home price in Idaho?
The average house price in Idaho varies depending on location, size, and market conditions. It typically ranges from $479,200 for single-family homes to $610,100 for condos/co-ops.
What is the Idaho housing market forecast for 2025?
Idaho’s housing market is expected to stabilize in 2025, with rising price growth and high mortgage rates. Demand for housing in Idaho may remain strong due to population growth, but higher interest rates could temper sales.
Is now a good time to buy or sell a home in Idaho?
You must check for real estate trends in Idaho regarding housing prices and inventory. Sellers can benefit from high demand and rising prices. However, if mortgage rates are stable and months of supply are more than 6 months, that’s the best time to buy a house in Idaho.
How does Idaho’s housing market compare to the national market?
The housing market in Idaho surpasses the national market through substantial price gains and competition. Limited supply and high demand drive market prices above the national averages.
What are the steps for buying a house in Idaho?
The steps to purchasing a house in ID must start with a clear budget and mortgage pre-approval. Buyers should search for homes for sale in Idaho, submit offers, secure loans, and complete the closing process.
How can I list my home for sale in Idaho?
You can list your home for sale with a Flat Fee MLS Idaho listing service. High-tech MLS listing sites like Houzeo automatically assign the right MLS paperwork based on your location. 🚀
What is the average mortgage rate for buyers in Idaho?
The average mortgage rate for buyers in the Idaho real estate market fluctuates between 6% to 7%. It depends on the market and the borrower's credit score. Always check the current rates with lenders.
When will the housing market crash in Idaho?
A housing market crash in Idaho seems unlikely in 2025. Home prices rose 7.3% YoY, and low inventory (3 months of supply) supports this prediction. However, high mortgage rates (7.04%) may slow demand, leading to moderation rather than a collapse.
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