Tue Jun 06 2023
This week the median list price for Boise, ID 83702 is $903,500 with the market action index hovering around 43. This is less than last month's market action index of 44. Inventory has increased to 47.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$903,500|
|Median Price of New Listings||$875,000|
|Per Square Foot||$422|
|Average Days on Market||64|
|Median Days on Market||28|
|Slight Seller's Advantage|
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$2,400,000||4,671||0.25 - 0.5 acre||5||4||5||1||1||42|
|$1,115,990||3,480||0.25 - 0.5 acre||4||3.5||53||2||1||31|
|$856,000||2,094||4,500 - 6,500 sqft||3||2||83||2||3||21|
|$649,450||1,535||0 - 4,500 sqft||3||2||90||2||0||21|