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Boise, ID

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Boise, ID

Thu Feb 29 2024
This week the median list price for Boise, ID is $622,500 with the market action index hovering around 46. This is an increase over last month's market action index of 45. Inventory has decreased to 226. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Boise, ID

Thu Feb 29 2024
This week the median list price for Boise, ID is $622,500 with the market action index hovering around 46. This is an increase over last month's market action index of 45. Inventory has decreased to 226. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Boise market.
Median List Price $622,500
Median Price of New Listings $559,900
Per Square Foot $308
Average Days on Market 91
Median Days on Market 70
Price Decreased 32%
Price Increased 10%
Relisted 16%
Inventory 226
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
$1,487,250 3,582 0.25 - 0.5 acre 4 4 17 8 6 115
$699,900 2,289 8,000 - 10,000 sqft 3 3 26 9 10 49
$564,900 2,126 6,500 - 8,000 sqft 3 3 4 9 7 70
$424,900 1,458 4,500 - 6,500 sqft 3 2 44 19 13 42