Eagle Idaho Homes: State of the Market

Here’s a look at the current market for Eagle Idaho homes.

Eagle Idaho Homes: Available
  • # Available: 399
  • Average Asking Price: $529,418
  • Median Asking Price: $449,000
  • Months’ Supply: 7.0
Eagle Idaho Homes: Pending Sales
  • # Pending: 123
  • Average Asking Price: $396,774
  • Median Asking Price: $357,400
Eagle Idaho Homes: YTD Closed Sales
  • # Closed Sales: 380
  • Average Sales Price: $368,505
  • Median Sales Price: $330,635
Eagle Idaho Homes: Analysis
  • We have 32.1% more listing inventory now than we had one year ago.
  • We have 6.0% more pending sales than we had one year ago (due to more new homes selling).
  • We have 3.6% fewer YTD closed sales than we had one year ago.
  • We had 6.9% fewer closings in July 2014 vs. July 2013.
  • Higher listing inventory, combined with nearly level pending sales and fewer closed sales, is indicative of a slowing market.

Data pertains to Eagle Idaho single-family homes on lot or acreage.

Data does not include condo or town home properties.

Months’ supply = available listings divided by average monthly closed sales for the past six months.

Eagle Idaho Real Estate Stats – July 2014

Here’s a snapshot of July’s activity for Eagle, Idaho real estate:

Eagle Idaho Available Homes

  • # Available: 402
  • Average Asking Price: $526,492
  • Median Asking Price: $444,943
  • Months’ Supply: 7.0

Eagle Idaho Pending Sales

  • # Pending: 119
  • Average Asking Price: $408,691
  • Median Asking Price: $372,700

 Eagle Idaho Closed Sales – July 2013

  • # Closed: 84
  • Average Sales Price: $354,577
  • Median Sales Price: $331,350

 Eagle Idaho Closed Sales – July 2014

  • # Closed: 77
    % Change: -8.3%
  • Average Sales Price: $388,062
    % Change: +9.4%
  • Median Sales Price: $339,900
    % Change: +2.6%

Data taken from Intermountain MLS on 8/6/14 and pertains to Eagle, Idaho single-family residences on lot or acreage.

Data does not include condominiums or townhomes.

Months’ Supply = available listings divided by average monthly closed sales for the past six months.

 

Eagle, Idaho ~ High End Market Saturation

We have a lot of high-end homes for sale in Eagle, Idaho now.

In fact, there are 57 homes above $750,000 for sale in Eagle now.

More important is the fact that only 10 homes above $750,000 have closed year-to-date in Eagle.

That works out to an absorption rate of about 1.4 homes per month and 41 months’ supply of high-end listings.

That’s definitely a buyer’s market!

Data pertains to Eagle, Idaho single-family homes on lot or acreage. Data does not include condo or townhome properties.

Eagle Idaho Real Estate Stats – June 2014

Here’s a snapshot of June/s activity for Eagle, Idaho real estate:

Eagle Idaho Available Homes

  • # Available: 406
  • Average Asking Price: $517,063
  • Median Asking Price: $439,900
  • Months’ Supply: 8.1

Eagle Idaho Pending Sales

  • # Pending: 123
  • Average Asking Price: $410,753
  • Median Asking Price: $369,900

 Eagle Idaho Closed Sales – June 2013

  • # Closed: 67
  • Average Sales Price: $379,303
  • Median Sales Price: $337,777

 Eagle Idaho Closed Sales – June 2014

  • # Closed: 75
    % Change: +11.9%
  • Average Sales Price: $389,252
    % Change: +2.6%
  • Median Sales Price: $384,500
    % Change: +13.8%

Data taken from Intermountain MLS on 7/7/14 and pertains to Eagle, Idaho single-family residences on lot or acreage.

Data does not include condominiums or townhomes.

Months’ Supply = available listings divided by average monthly closed sales for the past six months.

 

Eagle Idaho Homes: What’s For Sale

Here’s a breakdown of Eagle Idaho homes for sale, broken down by price range.

Eagle Idaho Homes: Under $100,000

  • # Available: None
  • Average Asking Price: N/A
  • Median Asking Price: N/A

Eagle Idaho Homes: $100,000  to $199,999

  • # Available: 19 (4.7% of all)
  • Average Asking Price: $180,229
  • Median Asking Price: $188,000

Eagle Idaho Homes: $200,000 to $299,999

  • # Available: 52 (12.8% of all)
  • Average Asking Price: $255,060
  • Median Asking Price: $254,220

Eagle Idaho Homes: $300,000 to $399,999

  • # Available: 102 (25.1% of all)
  • Average Asking Price: $351,781
  • Median Asking Price: $350,750

Eagle Idaho Homes: $400,000 to $499,900

  • # Available: 84 (20.6% of all)
  • Average Asking Price: $
  • Median Asking Price: $

Eagle Idaho Homes: $500,000+

  • # Available: 150  (36.9% of all)
  • Average Asking Price: $806,387
  • Median Asking Price: $678,350

Eagle Idaho Homes: Overall

  • # Available: 407
  • Average Asking Price: $519,614
  • Median Asking Price: $439,900

Takeaways

  • Nearly 37% of all Eagle Idaho homes for sale are over $500,000.
  • Only 17.4% of all Eagle Idaho homes for sale are under $300,000.

Data pertains to new Eagle Idaho homes (single-family homes) on lot or acreage.

Data does not include condo or townhome properties.