RESIDE 208 - Isaac & Ellie Chavez

Boise, ID

Single-Family Homes

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



Boise, ID

Mon Dec 11 2023
This week the median list price for Boise, ID is $599,450 with the market action index hovering around 42. This is an increase over last month's market action index of 41. Inventory has decreased to 358. 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.

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. 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

Mon Dec 11 2023
This week the median list price for Boise, ID is $599,450 with the market action index hovering around 42. This is an increase over last month's market action index of 41. Inventory has decreased to 358. 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.

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. 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 $599,450
Median Price of New Listings $519,500
Per Square Foot $307
Average Days on Market 77
Median Days on Market 56
Price Decreased 47%
Price Increased 4%
Relisted 11%
Inventory 358
Median Rent
Market Action 42
Slight Seller's Advantage

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
$1,325,000 3,376 0.25 - 0.5 acre 4 3 30 4 13 112
$699,000 2,375 8,000 - 10,000 sqft 4 3 30 10 20 56
$524,900 1,962 6,500 - 8,000 sqft 3 3 24 6 19 45
$405,945 1,424 6,500 - 8,000 sqft 3 2 32 12 16 35