RESIDE 208 - Isaac & Ellie Chavez

Boise, ID

Single-Family Homes

isaac@isaacchavez.com, www.reside208.com, 208-423-8754



Boise, ID

Tue May 18 2021
This week the median list price for Boise, ID is $599,900 with the market action index hovering around 99. This is an increase over last month's market action index of 98. Inventory has increased to 135. Click here to stay informed with the Boise market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Boise, ID

Tue May 18 2021
This week the median list price for Boise, ID is $599,900 with the market action index hovering around 99. This is an increase over last month's market action index of 98. Inventory has increased to 135. Click here to stay informed with the Boise market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Boise market.
Median List Price $599,900
Median Price of New Listings $549,900
Per Square Foot $299
Average Days on Market 37
Median Days on Market 7
Price Decreased 18%
Price Increased 5%
Relisted 4%
Inventory 135
Median Rent $1,730
Market Action 99
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,450,000 3,590 0.25 - 0.5 acre 4 3 26 11 5 28
$747,450 2,504 0.25 - 0.5 acre 4 2 22 17 14 7
$527,450 2,083 6,500 - 8,000 sqft 4 2 42 21 18 0
$419,949 1,515 6,500 - 8,000 sqft 3 2 38 17 17 7