Your Idaho Real Estate Market Report

Boise, ID

Single-Family Homes

We Believe Every One Should Feel Confident When Buying and Selling a Home



Boise, ID

Tue May 28 2024
This week the median list price for Boise, ID is $629,000 with the market action index hovering around 46. This is about the same as last month's market action index of 46. Inventory has increased to 373. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several 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 persistently, prices are likely to resume an upward climb.

Boise, ID

Tue May 28 2024
This week the median list price for Boise, ID is $629,000 with the market action index hovering around 46. This is about the same as last month's market action index of 46. Inventory has increased to 373. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Boise market.
Median List Price $629,000
Median Price of New Listings $550,000
Per Square Foot $311
Average Days on Market 57
Median Days on Market 28
Price Decreased 38%
Price Increased 3%
Relisted 8%
Inventory 373
Median Rent
Market Action 46
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
$1,499,900 3,658 0.25 - 0.5 acre 4 4 18 12 8 42
$730,000 2,370 8,000 - 10,000 sqft 4 3 26 12 15 21
$540,000 2,016 8,000 - 10,000 sqft 3 3 30 23 20 21
$438,490 1,442 6,500 - 8,000 sqft 3 2 27 18 17 28