Middleton Idaho Home Values

2022 Real Estate Report

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Middleton Idaho Home Values are also rising quickly as people love the rural setting yet easy access to Bosie metro-area. It is 25 miles from the economic hub of the Treasure Valley but the lifestyle that Middleton offers is very desirable. Traffic in town is minimal and there is still only one stoplight.  

 

Middleton Real Estate Market Snapshot

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

  1. Price Increases. Meaning the number of homes listed that actually increased the listing price.
  2. Inventory- # of homes for sale
  3. Average Days on Market

The following report is about listings, which is indicates 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.

Middleton Idaho Real Estate Market Snapshot

 

How are home values in Middleton changing?

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 the market more consistent, year-round.

 

Median Price of Homes for Sale in Middleton

 

How many homes are for sale in Middleton?
What does the inventory of homes for sale look like currently? How many homes are there for sale? Read current Middleton Real Estate Market Report

How many homes are for sale in Middleton, Idaho?

 

The total number of homes for sale in Middleton is cyclical generally ramps up through March and the steadily declines through Fall. The increasing prices have many homeowners afraid to sell, fearing they won't be able to buy. Middleton continues to be on a lot of people's radar who are looking to relocate. There is no real sign of change but developers will bring on more building lots in 2022 so there is a chance that they can help with the shortage of available homes. Will it be enough to keep appreciation at moderate levels is the question

 

Review history of Middleton home values
The chart below tracks how home values have changed over the last 16 years comparing NEW to EXISTING Median Quarterly Home Values since 2005. These trend lines also display the growth of the Middleton area.

Middleton Idaho Home Values Chart History

 

 

The local real estate market hit bottom in 2011 during the Great Recession and has climbed steadily ever since. Middleton remains the top destination for the 'country lifestyle' residents enjoy. Quality of Life seems to be a recurring theme and trend for comparing home values- the better the lifestyle, the more home costs! Middleton has a numberof homes on acreage as well as large subdivisions, some with a community pool.

 

The Middleton housing market was very competitive in 2021, with bidding wars, escalation clauses, and offers with no contingencies. 2022 looks to continue that buying trend which started immediately in January with many buyers already looking, trying to beat the spring rush. 

 

How have Home Values Changed Year over Year?

  Median Price %∆ Year-Over-Year Total Homes Sold %∆ Year-Over-Year
2021 $480,000 +31.96% 565 -7.98%
2020 $363,750 +20.85% 614 +25.56%
2019 $301,000 +11.35% 489 -7.39%
2018 $270,320 +16.27% 528 +13.79%
2017 $232,500 +12.86% 464 +8.67%
*source Intermountain MLS

 

 

Is the Middleton Housing Market going to slow down?

Idaho Real Estate Agents have been upbeat about the market since 2011 because so many people want to live in a country setting yet have easy access to big city amenities, services, culture and nightlife which make Middleton perfect! Inquiries and home showing requests have ticked upward nearly vertically for this small community in western Canyon County. The pressure for real estate agents to find client's a home has been full throttle. We have discussed real estate market conditions in many of our blog posts.  

 

Is Middleton a good place to invest?

There has been much interest from every type of investor, even developers are paying top dollar anticipating the market remains strong. Properties are receiving top dollare these days so "deals" are hard to find but the expected appreciation of homes remains high.