It is an ever evolving real estate landscape, one in which homeowners and hopeful buyers alike are seeking to understanding the changes in property values across the United States. As the housing market continues to be the focal point of the economy, GOBankingRates has undertaken a comprehensive analysis to reveal the latest insights into the average home prices in every state. Using the Zillow Home Value Index for the August 2023 and August 2022 median home values for each state, gave a perspective on the year-over-year changes both in dollars and percentage.
(Keep in mind that home valuations from Zillow are not the same as official appraisals performed by licensed professionals.)
According to the study, these are the stats for Idaho:
- August 2022 Median Home Value: $485,479.54
- August 2023 Median Home Value: $445,298.27
- Year-over-Year Percentage Change: -8.28%
While this research gives you a general idea of average home prices, if you want to know exactly how much your home is worth in The Gem State, it’s best to visit with a licensed real estate expert. These pros understand all the special details about local markets and can give you a more exact estimate. In the world of constantly changing values, their advice not only helps you see things clearly but also helps you make smart choices about the valuation of your home.