Idaho’s 2024 Real Estate Market Insights and What They Mean for 2025
Idaho’s 2024 real estate market may hint at 2025 housing trends. This year, key markets like Ada and Canyon counties have shown steady growth in home sales and moderate price increases. In Ada County, single-family home sales rose by over 11%, with median prices climbing nearly 3%.
This growth is fueled by strong demand, as Idaho remains a popular destination for out-of-state buyers. The state’s job market, quality of life, and low cost of living attract new residents, compared to neighboring states.
Homes are selling faster than in recent years, with the average time on the market decreasing significantly in 2024. This is attributed to a tighter supply of available properties.Experts predict that this trend will persist into 2025, as Idaho’s housing market continues to adjust to shifting economic conditions.
Looking ahead, the real estate market in 2025 is expected to remain stable, with moderate growth in prices and consistent demand.
However, rising interest rates and a cooling housing market could affect Idaho’s growth. Despite these uncertainties, the state’s popularity among new residents and its strong economy are likely to sustain housing demand.
Idaho’s real estate market reflects a balance between growth and caution. The state’s appeal will keep its housing market competitive despite affordability issues.
