RESIDE 208 - Isaac & Ellie Chavez

Boise, ID

Single-Family Homes

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



Boise, ID

Sat Oct 16 2021
This week the median list price for Boise, ID is $550,000 with the market action index hovering around 60. This is less than last month's market action index of 65. Inventory has increased to 448. 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 over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Boise, ID

Sat Oct 16 2021
This week the median list price for Boise, ID is $550,000 with the market action index hovering around 60. This is less than last month's market action index of 65. Inventory has increased to 448. 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 over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Boise market.
Median List Price $550,000
Median Price of New Listings $539,000
Per Square Foot $297
Average Days on Market 40
Median Days on Market 21
Price Decreased 46%
Price Increased 3%
Relisted 7%
Inventory 448
Median Rent $1,774
Market Action 60
Strong Seller's Market

The market seems to have paused around this plateau. This week prices eased down a bit.Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$999,450 3,078 0.25 - 0.5 acre 4 3 26 22 15 28
$639,450 2,332 8,000 - 10,000 sqft 4 2 28 27 26 24
$495,000 1,813 8,000 - 10,000 sqft 3 2 29 26 18 28
$399,900 1,322 6,500 - 8,000 sqft 3 2 36 36 29 14