Housing Prices in Gem County, ID
How much do homes in Gem County, ID cost?
Median List Price
$561,900
$274/sqft
Based on all homes listed in May 2024.
Difference Since Last Month
Key Takeaway
The list price of homes in Gem County has increased by 2.2% since April.
Summary: The median home list price in Gem County was $561,900 in May 2024, up 2.2% from the previous month, and the median price per square foot was $274.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $928.6K | $928.6K | 0.0% |
| 2 Bedrooms | $574.9K | $349K | -39.3% |
| 3 Bedrooms | $476.9K | $479.9K | +0.6% |
| 4 Bedrooms | $653K | $569K | -12.9% |
| 5+ Bedrooms | $1.1M | $937.2K | -20.2% |
Summary: Gem County housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 39.3%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 12.9%, and 5+ bedroom homes decreased by 20.2%.
Median List Price Compared To Nearby Counties
| Gem County | $550K | $561.9K | +2.2% |
| Payette County | $405K | $407K | 0.5% |
| Canyon County | $449.9K | $449.9K | 0.0% |
| Ada County | $600K | $599.9K | 0% |
| Washington County | $385K | $349.9K | -9.1% |
Housing Supply in Gem County, ID
How many homes are available in Gem County, ID?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 68 | 91 | +33.8% |
Summary: The Gem County real estate market had 91 homes for sale in May 2024, a 33.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 13 | +30.0% |
| 3 Bedrooms | 32 | 42 | +31.3% |
| 4 Bedrooms | 17 | 25 | +47.1% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Gem County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 31.3%, 4 bedroom homes increased by 47.1%, and 5+ bedroom homes increased by 25%.
Days on Market for Gem County, ID
How long does it take to sell a home in Gem County, ID?
Average Listing Age
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 64 Days | 72 Days | +12.8% |
Summary: Homes in Gem County had an average listing age of 72 days in May 2024, up by 12.8% compared to the previous month.
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