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Boise, ID

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Boise, ID

Wed Jun 07 2023
This week the median list price for Boise, ID is $675,000 with the market action index hovering around 46. This is less than last month's market action index of 48. Inventory has increased to 357. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Boise, ID

Wed Jun 07 2023
This week the median list price for Boise, ID is $675,000 with the market action index hovering around 46. This is less than last month's market action index of 48. Inventory has increased to 357. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Boise market.
Median List Price $675,000
Median Price of New Listings $570,000
Per Square Foot $321
Average Days on Market 65
Median Days on Market 28
Price Decreased 38%
Price Increased 1%
Relisted 13%
Inventory 357
Median Rent
Market Action 46
Strong Seller's Market

This week saw relatively little price change from last week. However, prices continue to demonstrate a nice up trend over the last several weeks.

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
$1,399,000 3,629 0.25 - 0.5 acre 4 4 17 9 5 42
$799,900 2,404 8,000 - 10,000 sqft 4 3 22 14 4 28
$595,000 2,044 8,000 - 10,000 sqft 4 3 37 17 10 21
$434,950 1,418 6,500 - 8,000 sqft 3 2 37 25 20 14