Givens Group Market Report

Boise, ID

Single-Family Homes

Givens Group at Keller Williams Realty Boise | 208-989-7200 | Dan@DanGivens.com



Boise, ID

Fri May 27 2022
This week the median list price for Boise, ID is $634,990 with the market action index hovering around 67. This is less than last month's market action index of 69. Inventory has increased to 339. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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

Fri May 27 2022
This week the median list price for Boise, ID is $634,990 with the market action index hovering around 67. This is less than last month's market action index of 69. Inventory has increased to 339. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $634,990
Median Price of New Listings $589,900
Per Square Foot $325
Average Days on Market 34
Median Days on Market 14
Price Decreased 32%
Price Increased 2%
Relisted 4%
Inventory 339
Median Rent
Market Action 67
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
$1,396,500 3,347 0.25 - 0.5 acre 4 3.5 3 21 9 17
$729,900 2,317 8,000 - 10,000 sqft 3 2.5 26 29 16 7
$569,900 1,933 8,000 - 10,000 sqft 4 2 25 24 13 7
$465,000 1,484 6,500 - 8,000 sqft 3 2 43 35 18 7