Q1 Housing Market Analysis for 2025: Buyer Demand, Home Prices & Trends

By Desi Williams

I'm a Real Estate Broker. I'm good at what I do, and I'll be there with you every step of the way, because I don't know any other way. I'm more than just a buying and selling agent, I'm somebody who wants to help you create your next paradise with everything that means – to you.

While you may have heard people say things like, “the market’s crashing” or “high interest rates are killing sales,” the stats tell a different story. Staying informed about the housing market can help you determine if it’s the right time for you to buy or sell your home.

Whether you’re a buyer or a seller, I’m here to break down this year’s Q1 housing market statistics and explain what these numbers mean for your next move. Here’s everything you need to know:

Days on market. In Q1 of this year, homes averaged 60 days on the market, compared to 67 days in Q1 of 2024. This one-week difference indicates strong buyer demand, which is great news for potential sellers.

Sale-to-list ratio. Homes sold for 98% of their list price in Q1, up from 97% in Q1 of 2024. For sellers, this means you’re likely to receive close to or even above your asking price. Buyers should be prepared, as there’s little room for lowball offers due to fair pricing and competition.

Average list price. The average list price in Q1 was $349,772, a significant increase from $302,311 in Q1 of 2024, an increase of nearly $47,500. For sellers, this means your home may be worth much more now. Buyers should act quickly as inventory is limited and prices are rising.

Number of homes sold. In Q1, 99 homes were sold, compared to 74 homes in Q1 of 2024. This uptick in transactions reflects increased buyer activity, indicating a healthy market despite high interest rates.

For sellers, now is a great time to list your home. With 127 active listings in Mini-Cassia, we are still technically in a seller’s market. However, there’s an important trend to note: about 97% of sellers are offering buyer concessions. This usually involves helping buyers with some of their closing costs.

While you can expect to achieve a solid price for your home, be prepared to assist with these costs. It’s a small trade-off that can help you sell quickly and at a great price.

For buyers, be ready to act fast. Inventory is limited, and homes are moving quickly. If you find a property that meets your needs, don’t wait too long to make an offer. And remember, while interest rates may be higher, the market is stronger than it was a year ago.

With homes selling more quickly, at higher prices, and in greater numbers, it’s clear we’re not facing a crash. Instead, we’re experiencing a strong and resilient market. If you’re ready to take the next step, whether you’re selling, buying, or just curious about your options, reach out to me or my team at (208) 431-7609 or desi@soldbyrevista.com. We’d love to help you.