The Idaho Real Estate Market: 2024 Trends

I want to... 🏠 Sell my home | 🗝️ Buy a home | 🗺️ Find a new place to live in Idaho

💡 Key Idaho housing market facts

Data PointValueRankCompared to National Avg
Typical Home Value $455,930[1]#13 of 50 states24.4% higher
Median Listing Price $565,000[2]#10 of 50 states29.2% higher
Median Sale Price $475,500[3]#14 of 50 states16.5% higher
30 Year Mortgage Rate 7.06%[4]#46 of 50 states1.2% higher
Median Days on Market 47[5]#21 of 50 states5.8% shorter
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🗺️ Buying a house in the Idaho real estate market

Idaho has an affordability score of 8.1, meaning it takes 8.1 years of the median household income ($58,915) to afford Idaho's median home sale price ($475,500). Because of this, we rank Idaho as the 7th least affordable state for buyers based strictly on prices compared to income.

Data PointValueRankCompared to National Avg
Median Sale Price $475,500[6]#14 of 50 states16.5% higher
30 Year Mortgage Rate 7.06%[7]#46 of 50 states1.2% higher
Median Household Income $58,915[8]#34 of 50 states8.7% lower
Affordability Ratio 8.1#44 of 50 states29.2% higher
Buyers Agent Commission 2.75%[9]#30 of 50 states2.8% higher
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Resources for Idaho home buyers

🗺️ Selling a house in the Idaho real estate market

According to our detailed survey of Idaho real estate agents, listing agents (those representing the seller) charge an average commission in Idaho of 2.75%, which is the 13th lowest in the United States. Buyers' agents charge an average commission of 2.75%, which is the 21st highest in the United States.

Data PointValueRankCompared to National Avg
Median Listing Price $565,000[10]#10 of 50 states29.2% higher
Median Sale Price $475,500[11]#14 of 50 states16.5% higher
Median Days on Market 47[12]#21 of 50 states5.8% shorter
Buyer's Agent Commission 2.75%[13]#30 of 50 states2.8% higher
Listing Agent Commission 2.75%[14]#13 of 50 states3.8% lower
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Resources for Idaho home sellers

Moving to Idaho

According to our recent moving trends survey[15], 5% of Americans indicated that they would choose to move to Idaho if money were no object. Likewise, 8% of survey respondents indicated that they would move to Boise among a choice of America's medium-sized cities.

Here's how Idaho cities rank in a number of our research studies.

StudyBest Idaho cityRank
Best Pizza Cities[16]No ranking Idaho citiesNo ranking Idaho cities
Best Coffee Cities[17]No ranking Idaho citiesNo ranking Idaho cities
Best LGBTQ Cities[18]No ranking Idaho citiesNo ranking Idaho cities
Best Bike Cities[19]No ranking Idaho citiesNo ranking Idaho cities
Best Commuter Cities[20]No ranking Idaho citiesNo ranking Idaho cities
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Article Sources

[1] Zillow – "Zillow Home Value Index". Updated April 30, 2024.
[2] Realtor.com – "Realtor.com Data Library". Updated March 2024.
[3] Redfin – "Redfin Data Center". Updated March 2024.
[4] Bankrate – "Bankrate". Updated May 2024.
[5] Realtor.com – "Realtor.com Data Library". Updated March 2024.
[6] Redfin – "Redfin Data Center". Updated March 2024.
[7] Bankrate – "Bankrate". Updated May 2024.
[8] US Census – "US Census, 2020 American Community Survey". Updated 2020.
[9] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated May 2024.
[10] Realtor.com – "Realtor.com Data Library". Updated March 2024.
[11] Redfin – "Redfin Data Center". Updated March 2024.
[12] Realtor.com – "Realtor.com Data Library". Updated March 2024.
[13] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated May 2024.
[14] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated May 2024.
[15] Home Bay – "Half of Americans Are Surprised by How Much It Costs to Move". Updated February 26, 2024.
[16] Clever Real Estate – "The 15+ Best Pizza Cities in America". Updated February 12, 2024.
[17] Clever Real Estate – "The Best (and Worst) Coffee Cities in America". Updated January 12, 2024.
[18] Clever Real Estate – "The Most (and Least) LGBTQ-Friendly Cities in America". Updated October 23, 2023.
[19] Clever Real Estate – "The Most Bike-Friendly Cities in the U.S.". Updated July 17, 2023.
[20] Clever Real Estate – "The Best (and Worst) Cities for Commuters". Updated September 21, 2023.

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