Build Idaho

Boise, ID

Single-Family Homes

Boise's Ultimate Home Search --> https://www.buildidaho.com



Boise, ID

Tue Sep 28 2021
This week the median list price for Boise, ID is $558,950 with the market action index hovering around 63. This is less than last month's market action index of 69. Inventory has increased to 442. 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 plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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

Tue Sep 28 2021
This week the median list price for Boise, ID is $558,950 with the market action index hovering around 63. This is less than last month's market action index of 69. Inventory has increased to 442. 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 plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 $558,950
Median Price of New Listings $544,000
Per Square Foot $301
Average Days on Market 37
Median Days on Market 21
Price Decreased 46%
Price Increased 2%
Relisted 5%
Inventory 442
Median Rent $1,755
Market Action 63
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
$984,495 3,201 0.25 - 0.5 acre 4 3 29 21 14 21
$644,950 2,225 8,000 - 10,000 sqft 4 2 32 24 13 21
$499,900 1,839 6,500 - 8,000 sqft 3 2 27 25 25 21
$409,900 1,312 6,500 - 8,000 sqft 3 2 39 30 25 14