Bonneville County Real Estate Market: What Buyers and Sellers Need to Know (Mid-2024 Update)

Bonneville County Real Estate Market: What Buyers and Sellers Need to Know (Mid-2025 Update)

Whether you're buying your first home or listing a property, understanding Bonneville County's housing trends is key in today’s Idaho real estate market. Here’s a deep dive into the trends shaping our local real estate scene, with practical insights to help you make informed decisions.

1. Current Market Conditions in Bonneville County 🏡

The pace of the market has moderated compared to previous years, but demand remains steady—especially in the more affordable price ranges. Over the past six months, the typical home spent about 30 days on the market before selling, which means well-priced homes are still moving quickly. There’s about 3.7 months of inventory available, indicating a balanced market (neither strongly favoring buyers nor sellers).

What this means:

• Sellers can expect a reasonable timeline for their homes to sell, as long as pricing is competitive.
• Buyers have more choices than during the ultra-competitive pandemic years, but good homes still go fast.

2. Pricing Trends: How Much Are Homes Selling For? 💰

Median sold prices are holding strong. The typical home is selling for about $390,000. Importantly, sellers are receiving close to their asking prices—on average, homes are selling for 98.6% of their final list price. This shows that there’s little room for aggressive lowball offers, but also that overpricing can lead to longer days on market.

Key takeaway for sellers:
Pricing your home right from the start is crucial. Overpriced homes linger, while accurately priced homes attract serious buyers and strong offers.

Key takeaway for buyers:
Expect to pay near asking price for desirable properties, but you may have some negotiating room on homes that have been listed longer.

3. Entry-Level Homes: High Demand Under $500K 🔑

Homes priced under $500,000 remain the most active segment, with a pending ratio of 48%—meaning nearly half of these listings are already under contract. The median days on market for this group is just 27 days, and the median sold price is $360,000.

Advice for first-time buyers:
Be prepared to move quickly and have your financing ready. Competition is healthy, and attractive homes in this price range don’t last long.

Advice for sellers in this range:
You’re in a strong position. With inventory tight and demand high, you can expect solid offers if your home shows well and is priced appropriately.

4. The Luxury Market: What to Expect Above $500K 🏘

If you’re shopping above $500,000, you’ll find more selection and less competition. Pending ratios drop to around 36% in the $500k–$1M range, and the median days on market increases to 51 days. Luxury homes ($1M+) see even longer timelines, with a median of 36 days on market and a much larger gap between list and sale prices.

For luxury buyers:
You have negotiating power and time to consider options. Sellers may be more flexible, especially if their property has been on the market for a while.

For luxury sellers:
Be patient and strategic. Staging, marketing, and pricing are critical, as buyers have more choices and are taking their time.

5. What the Rest of 2025 Could Bring📈 

Bonneville County’s real estate market is balanced and healthy. While it’s not the frenzied seller’s market of recent years, homes that are well-prepared and priced right are still selling efficiently. Whether you’re buying or selling, partnering with an experienced local team like The Nelson Group ensures you have the latest insights and a strategy tailored to your goals.

Ready to take the next step? Let The Nelson Group Help You Navigate the Market 🤝 
Contact our team for a personalized market analysis or to discuss your real estate plans. 

Data source: Bonneville County REMO, 6-month snapshot, mid-2025.