Build Idaho

Star, ID

Single-Family Homes

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



Star, ID

Fri Oct 15 2021
This week the median list price for Star, ID is $585,000 with the market action index hovering around 41. This is less than last month's market action index of 42. Inventory has decreased to 125. Click here to stay informed with the Star market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

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.

Star, ID

Fri Oct 15 2021
This week the median list price for Star, ID is $585,000 with the market action index hovering around 41. This is less than last month's market action index of 42. Inventory has decreased to 125. Click here to stay informed with the Star market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

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 Star market.
Median List Price $585,000
Median Price of New Listings $598,000
Per Square Foot $283
Average Days on Market 44
Median Days on Market 28
Price Decreased 50%
Price Increased 10%
Relisted 9%
Inventory 125
Median Rent
Market Action 41
Slight Seller's Advantage

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
$1,199,900 3,165 0.5 - 1 acre 4 3 3 6 2 28
$679,900 2,416 8,000 - 10,000 sqft 3 2 0 5 5 21
$544,900 2,204 6,500 - 8,000 sqft 4 2 0 9 3 28
$479,945 1,860 6,500 - 8,000 sqft 3 2 0 1 6 70