RESIDE 208 - Isaac & Ellie Chavez

Boise, ID

Single-Family Homes

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



Boise, ID

Fri Jul 01 2022
This week the median list price for Boise, ID is $579,990 with the market action index hovering around 58. This is less than last month's market action index of 63. Inventory has increased to 659. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Boise, ID

Fri Jul 01 2022
This week the median list price for Boise, ID is $579,990 with the market action index hovering around 58. This is less than last month's market action index of 63. Inventory has increased to 659. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Boise market.
Median List Price $579,990
Median Price of New Listings $595,000
Per Square Foot $327
Average Days on Market 30
Median Days on Market 14
Price Decreased 45%
Price Increased 2%
Relisted 6%
Inventory 659
Median Rent
Market Action 58
Strong Seller's Market

Again this week we see a downward notch for prices. Prices continue to pull back from the market’s highs. 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
$998,950 2,998 0.25 - 0.5 acre 4 3 15 37 16 21
$660,000 2,153 6,500 - 8,000 sqft 4 3 23 47 16 14
$525,000 1,759 6,500 - 8,000 sqft 3 2 29 31 16 21
$425,000 1,248 6,500 - 8,000 sqft 3 2 42 41 14 14