Idaho Real Estate Market May 2022: Forecasts + Trends

Idaho real estate trends (May 2022)

How is the real estate market in Idaho?
🏠 Average home value: $471,341	📈 -0.84% home value decrease month over month
💰 Median sale price: $523,200	⏳ 42 days on the market
🔑 Homes on the market: 8,637	📆 2.7 months of housing inventory
🏦 30-year mortgage rate: 5.61000%	💵 Average income: 58915
State of the market: A
The real estate market in Idaho continues to heat up. A limited inventory, coupled with the fast turnaround of sales, will keep home sales prices inching upward.
_{Data last updated May 2022}*

Idaho is famous for its bountiful potato crop — but that's not all it has to offer. In recent years, it's become a major destination for new residents who are drawn to the Gem State's rugged Rocky Mountains and scenic river basins.

Across Idaho, residents can choose between plenty of communities with top-rated public schools and abundant opportunities for outdoor recreation. Its biggest cities include Boise City, Meridian, and Nampa, to name a few.

Idaho also has its share of fun quirks. For example, it has one of the world's richest veins of star garnet, plus deposits of more than 70 other precious and semi-precious gems. In Boise, the State Capitol Building is the only one in the nation heated by geothermal hot springs.

If you're thinking of buying or selling in Idaho, these Idaho housing predictions and stats can help you make an informed decision.

Want to save money when you buy or sell your home? With Clever, you'll only pay 1% or $3K in listing fees. Eligible buyers get 0.5% cash back after closing. Find out how much you can save with Clever today!

Selling a home in Idaho

Idaho real estate market forecast for sellers
⏰ Homes are selling 23 days slower than the annual average	💰 Homes are selling for $22,850 less than the annual average
💸 Average listing commission: 2.68%	💸 Average buyer's commission: 2.68%

How to sell a home in Idaho

Cost to sell a home in Idaho

Buying a home in Idaho

How much home you can buy with $300,000 in...
🏠 Boise: 1,091 sq ft	🏡 Idaho Falls: 1,754 sq ft
🏡 Coeur D'alene: 890 sq ft	🏠 Twin Falls: 1,288 sq ft

Investing in Idaho real estate

Best of Idaho

Each month, we compare locations in Idaho based on different criteria. This month, we're looking at levels of happiness and ranking the best counties in the state.

Happiest Counties in Idaho
1. Clark County
2. Blaine County
3. Lincoln County
4. Oneida County
5. Teton County

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Worst of Idaho

Each month, we compare locations in Idaho based on a different criteria. This month we're looking at levels of happiness data. These are the counties that ranked the worst in the state.

Least Happy Counties in Idaho
1. Lewis County
2. Benewah County
3. Clearwater County
4. Latah County
5. Idaho County

Idaho resources

Frequently asked questions about Idaho real estate

It is currently a seller’s market in Idaho. There is a high demand for real estate in the state, which is causing sales prices to shoot up. Although this is the general state of the market, each city and town has its own trends, so it’s best to consult with a local agent to get a better grasp of your local market.

Investing in Idaho is a good idea, especially in bigger cities like Boise or Meridian, where people are always looking for housing. However, to maximize your investment, first do your research. Learn what kinds of property are most profitable in Idaho and which neighborhoods are up and coming. Check out our real estate investing guide to find out more.

Now isn't the best time to buy a house in Idaho. The high listing prices and limited options in the market may make it hard to find a good deal. However, mortgage rates are currently low in the state — which means that you can still save money over time if you find the right house and lock in a low rate. For the best results, work with a real estate agent to help you get a property that falls within your budget.

Methodology

Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, Bankrate, the U.S. Census, and Clever surveys. Our team of over 20 real estate analysts from across the country research local markets and data to compile our "Best" and "Worst" rankings.

Idaho Real Estate Market in 2022: Forecasts + Trends