Idaho
Idaho
With a rich blend of outdoor adventures, cultural attractions, and family-friendly activities, Eagle is home to an affluent community and competitive housing market.
Eagle
Eagle’s sought after location within the Boise metro area, paired with its exceptional quality of life, positions it as a prime market for new housing developments. With a population of 32,800 as of 2024—marking a 6.26% increase since 2020—Eagle continues to attract residents seeking a balance of suburban charm and economic opportunity. Home to an affluent community with a median household income of $159,700, Eagle also features a competitive housing market with the median listing price growing to $998,000 in September 2024, a 17.4% year-over-year increase. This significant appreciation indicates that demand continues to outpace supply, underscoring the need for additional housing options to accommodate the growing population and economic expansion in the area.
Eagle
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Eagle
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Already known for an exceptional quality of life, Eagle continues to grow, driven by an affluent community and competitive housing market. With median listing prices nearing the $1M mark, Eagle continues to be an opportunity for additional supply.
In May 2024, 17.3% of homes in Idaho sold above list price, up 2.5 percentage points year-over-year. Additionally, 33.4% of homes had price drops, up from 27.0% in May 2023. The sale-to-list price ratio was 98.2%, down 0.49 points year-over-year.
The median days on market in May 2024 was 32 days, down by 3 days year-over-year.
The median home price in Idaho was $488,200 in May 2024, marking a 4.3% increase year-over-year. The average home price in the region rose by 2.7% year-over-year to $636,148 in Q3 2023.
In May 2024, 2,540 homes were sold, up 7.0% from 2,364 homes sold in May 2023. However, in Q3 2023, 4,945 homes were sold, which represented a 6.2% decrease from Q3 2022.
There were 9,741 homes for sale in Idaho in May 2024, an increase of 3.7% year-over-year. Newly listed homes numbered 3,606, up 3.0% year-over-year. The average months of supply stood at 3 months.
Favorable job growth, absorption, and improving interest rates make Idaho high-growth market. Connect with Fromley for early-stage investment opportunities.
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