Caldwell Idaho Home Values

2022 Real Estate Report

Trey Langford Idaho Realtor

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When people think of Caldwell, three things normally pop into their head: McDonald's French Fries made with Simplot potatoes, Caldwell Night Rodeo, and Indian Creek Christmas light show. Over the last couple of decades, Caldwell has transformed from an agricultural-centric town into a city in its own right. New subdivisions, new jobs, and wanting a slice of life away from the main urban centers have raised interest in Caldwell. In spite of this growth, Caldwell still proudly displays its farm town roots. The rodeos are some of the best in the state and the West, and Simplot is still an agricultural and economic powerhouse.

Caldwell has seen incredible growth in the price of homes. It is the furthest major city from Boise but the appeal of country living in a growing community is strong. Homes for sale in Caldwell are now receiving multiple offers on average and sell in around 17 days now compared to 46 the previous year. The median sale price of a home in Caldwell was $279,900 in 2020, up 21.70% from 2019. The average sale price per square foot in Caldwell is $220.64, up 9.77% since last year.

 

Caldwell Real Estate Market Snapshot

Caldwell Real Estate Market Profile

 

 

How are home values changing in Caldwell?

Caldwell Median Home Price Trends

 

 

How many homes are for sale in Caldwell?
This chart tracks teh last 3 years of total houses listed on the MLS for sale-

Caldwell Idaho Inventory of Homes listed for sale

 

 

Review how home prices in Caldwell have changed-

Check out the graphs below and see how home values have changed. These charts depict each MLS area and lines track NEW compared to EXISTING Median Home Values by a quarter since the year 2005.

North Caldwell Idaho Home Values

 

South Caldwell Idaho Home Values

 

The Caldwell real estate market seemed to bottom between 2010 and 2011 and has climbed steadily since. Economists say that price is driven by supply and demand. This is true with home values as well. Over the last three years, new construction has been in demand as there have not been enough existing homes for sale. Developers are feverishly working to bring more lots to market. Price is also driven by people's ability to buy. It is also worth noting that the economy and people are willing and able to pay top dollar for homes. At times, homebuyers are also willing to pay more than perceived market value. Another factor of the local real estate market is that there are a lot of investors who take available homes which means that there are a lot of renters as well.

 

How have Caldwell Home Values Changed Year-Over-Year?

North Caldwell:

  Median Prices %∆ Year-Over-Year Total Homes Sold %∆ Year-Over-Year
2021 $389,990 +39.33% 703 +14.68%
2020 $279,900 +23.85% 613 +8.89%
2019 $226,000 +12.64% 563 +21.86%
2018 $200,632 +18.90% 462 +14.36%
2017 $168,750 +12.58% 404 +1.50%

 

South Caldwell:

  Median Prices %∆ Year-Over-Year Total Homes Sold %∆ Year-Over-Year
2021 $380,000 +36.69% 1003 -11.00%
2020 $278,000 +20.87% 1127 +2.46%
2019 $229,995 +16.01% 1,100 +7.00%
2018 $198,250 +20.22% 1028 +6.97%
2017 $164,900 +12.18% 961 +4.68%
*source Intermountain MLS