Idaho’s real estate market is exhibiting signs of stabilization following several years of rapid growth. While home values remain elevated, the pace of appreciation has moderated, and inventory levels are gradually increasing. Here’s a detailed overview of the current market conditions:
🏡 Statewide Market Overview
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Median Sale Price: In April 2025, the median sale price for homes in Idaho was $473,800, reflecting a slight 0.65% decrease year-over-year.
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Average Home Value: The average home value stood at $475,487, marking a 1.8% increase over the past year.
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Homes Sold: Approximately 2,439 homes were sold in April 2025, representing a 2.6% increase compared to the same month last year.
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Inventory: As of April 30, 2025, there were 7,199 homes for sale in Idaho, with 2,449 new listings added during the month.
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Median Days to Pending: Homes typically went under contract in 18 days, indicating a relatively brisk market pace.
🌆 Regional Highlights
Boise (Ada County)
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Median Sale Price: The median sale price in Boise was $525,000, remaining unchanged from the previous year.
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Median List Price: Homes were listed at a median price of $520,000, a 0.95% decrease year-over-year.
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Market Activity: The average price per square foot increased by 1.28% to $317, with homes spending a median of 7 days on the market.
Meridian
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Median Sale Price: Homes in Meridian sold for a median price of $520,133, reflecting steady demand in the area.
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Market Dynamics: The average home value in Meridian was $543,340, up 1.6% year-over-year, with homes going under contract in a median of 13 days.
Nampa (Canyon County)
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Median Sale Price: Nampa’s median sale price was $411,417, marking a 3% increase compared to the previous year.
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Market Trends: The area offers more affordable options, attracting buyers seeking value without compromising on amenities.
🏗️ Inventory and New Construction
Idaho’s housing inventory has seen a notable increase, with new homes comprising 40% of the market—the highest proportion in the U.S. In Ada and Canyon counties, new constructions account for over half of the listings, at 52.2% and 57.4%, respectively.
🔮 Market Outlook
Analysts project that home prices in Idaho will rise by 4–6% in 2025, a slowdown from the double-digit surges observed in previous years. The market is transitioning towards a more balanced state, offering opportunities for both buyers and sellers.