Idaho started 2024 with a total of 4,646 single-family homes on the market, with a median home price of $539,990 and an average price per square foot of $327.48. By the end of the year, inventory had increased to 5,937 homes on the market (+28%), with a median home price of $549,900 (+2%), and an average price per square foot of $346 (+6%).
At the start of 2024, the median days on market (DOM) was 84 days – by the end of the year, median DOM had increased to 91 days.
Idaho started the year with 34.03% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 33.22% of homes for sale had taken a price cut.
