Eagle Idaho- Home Market Report

Located northwest of Boise along the banks of the Boise River and stretching east to the rolling foothills, Eagle is the luxury market in the Boise Idaho Metro. Eagle's downtown is becoming a legitimate destination with many restaurants and newer shopping opportunities within walkable distance of many neighborhoods and the greenbelt. Eagle Island State Park is nearby with trails, picnic areas, disc golf, ponds and waterslide.

Eagle has a population of around 35,000 people and has been growing at 1.36% per year for the last few years.

Eagle real estate consists of view homes in the hills, homes with acreage, horse properties and luxury homes along the river and golf courses. Starter homes here start at $460,000. There are a few condos/townhouses starting at $315,000.

Eagle's housing markets are not usually as tight as the rest of the Treasure Valley due to the higher home prices. Current housing supply based on the pace of sales stands at 2.06 months. Very low compared to a 5-6 month supply which is considered a balanced market where prices would be stable or slowly rising and neither buyers nor sellers have a distinct advantage. It's a seller's market still in Eagle, especially during peak season.

Home prices in Eagle have been rising quickly, but appreciation is moderating toward normal rates recently. Last month, existing homes sold averaged $1,160,960 median $830,000. Days on market averaged 31 days, half sold in 18 days. 

This chart shows all single family homes for sale and pending on the first day of each month, illustrating the velocity of listings and contract signings in Eagle. The larger the gap between lines, the larger the supply of homes.

New construction is booming in Eagle, making up 65% of the available homes for sale today. Regular sellers of existing homes only account for 35% of the pie. Zero foreclosures and short sales here.

The number of listings from regular sellers of existing homes have been trending upward over the last 5 years. New construction is steadily gaining momentum in Eagle with the most ever new homes available and under construction.

For more information on the entire Boise Metro housing markets and home prices, see my Market Monitor updated monthly. 

Call or text me with any questions, or for my local insights, good local lenders or listings of homes for sale that meet your criteria. And if you need to buy or sell a home, I would like to apply for the job.