Eagle 3 Month Market Update

Eagle, ID Market Update for the Past 3 Months

1. Market Activity & Inventory

• Pending ratio: 40%, this has been consistent for the past 6 months as well
• Active Listings Currently: 301; Pending: 120
• Months of Supply of Inventory: Slightly higher at 3.6 months, indicating a small uptick in inventory relative to sales pace, but not significant

2. Pricing Trends

• Average Active list price: $1,231,843. This is similar to where it has been over the last 6 months as well.
• Average Pending list price: $1,057,293.
• Average Sold price: $986,823. This also is similar to the past 6 months as well. 
• Sale to Final List Price: 98.8%—homes are still selling very close to their final listed price.

3. Days on Market

• Average DOM for Active Listings: 79 days.
• Average DOM for Sold Properties: 50 days. This is only slightly higher than the 47 Day 6 month average.
• Median DOM for Sold properties: 30 days. This is similar to the 6 month average. 

4. Sales Volume

• Average Closed Properties Per Month: 84.7. This is down slightly from 91.5 over the past 6 months.
• Number of Closings in 3 months: 254.
  
  
  

Summary of Current Market Data & Tips

• The current data we are tracking confirms stability in pricing and negotiation trends.
• There’s a minor increase in months of supply and average days on market, suggesting a slight cooling but not a dramatic shift. This is something to watch specific to the neighborhood you are selling or buying in to make sure you are competitive. 
• Volume of sales is a bit lower, which is typical for seasonality around this time of year, but properties should continue to be listed competitively to avoid overly long lengths of time on the market unnecessarily.  

Let us know if you have questions about your specific Eagle neighborhood. It's important to keep the data hyperlocal so that we are making strategic decisions. Thank you for trusting us with all of your real estate questions!

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