Eagle ID Home Values

Eagle Idaho Home Values

2022 Real Estate Report

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Eagle Idaho home values is one of the more popular topics. This is probably due to it popularity for the more affluent crowd as well as all the fantastic custom homes built here and the crazy prices of home and how they are changing.

When people think of Eagle, Idaho, three things normally pop into their head: Eagle Island State Park, really nice luxury homes, and fancy luxury subdivisions. Over the last couple decades, Eagle has transformed from a small town by the Boise River to an upscale luxury city detween the Boise River and the Boise Foothills. Located at the northern tip of Meridian Road/Highway 55 and Sate Street allows easy access to shopping, dining, events, and short commutes to work.

 

Eagle Real Estate Market Profile

There are three leading indicators of a changing market that real estate agents pay close attention to:

  1. Price Increased. Meaning the % of homes listed that actually increased the price of the home.
  2. Inventory
  3. Average Days on Market

The following report is about listings, which is about what is happening in the market currently. It is a real estate report that can more quickly identify future trends in the local real estate market.

Eagle Real Estate Market Profile

 

How are home values changing in Eagle?

Real estate is seasonal and cyclical so it is best to review charts with more data so you can see a complete story and trends over longer periods of time.  Home values normally are strongest during the home buying season which is the hottest in Spring and Summer. CoVid has disrupted what we would expect as normal trends. Also. the number of people leaving California and large cities in the northwest has made it the market more year-round. 

Eagle Idaho Median Home Price Trends

 

How many homes are for sale in the city of Eagle

Eagle Idaho Listings Inventory

 

Review the history of home prices in Eagle-
Check out the chart below and see how home values have changed over the years. These charts track NEW compared to EXISTING Median Home prices by quarter since the year 2005.

Eagle Idaho Home Values Chart

The Eagle 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. Many times, homebuyers are also willing to pay more than perceived market value.

The demand for luxury homes in upscale communities is evident as you look at the real estate activity and new construction landscape in Eagle. This city has seen incredible growth including the price of homes. It is known as a growing community for affluent buyers thanks to large luxury subdivisions with million-dollar custom homes and large lots. Homes for sale in Eagle often receive multiple offers and sell quicly.

 

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

  Median Prices %∆ Year-Over-Year Total Homes Sold %∆ Year-Over-Year
2021 $800,413 +37.20% 1,097 -12.45%
2020 $583,375 +16.70% 1,253 +8.02%
2019 $499,900 +9.62% 1,160 -10.50%
2018 $456,000 +12.18% 1,296 +16.86%
2017 $406,500 +2.91% 1,109 +9.15%

source: Intermountain MLS