boise real estate update

Boise Idaho Real Estate Market Report - 3rd Qtr 2019

Boise Idaho real estate home prices recorded another increase in the 3rd Qtr 2019. The buyer demand for Boise homes for sale exceeded the available home supply, especially in the "first time buyer" entry level category. The new construction homes are in large part offered in "luxury" market thus not helping the affordability in Boise and Treasure Valley. Boise home prices rose by 12% on average last month when compared to the same period last year. The median sold price was $335,000 compared to $299,900 in the 3rd Qtr 2018 - 12 percent increase. The average sold price was $381,604 compared to $340,611 a year ago, 12% increase. The number of homes sales decreased by from 1492 to 1418.  Homes continued to sell quickly, many attracting multiple offers.  See below data for details:

  3rd Qtr 2019 3rd Qtr 2018 Difference
Number of sales 1418 1492  - 5
Avg sold price $381,604 $340,611 +12%
Avg DOM (days on market) 24 25 +16 days

Data is based on IMLS records for single family homes only.

Lowest sold single family home closed at $159,900 and the highest at $1.375M.

Currently we have 567 single family homes listed for sale in Boise.  The lowest listed price is $179,800 and the highest is $2.35M.  Click on the link below to search all Boise homes for sale - you can search by property type (single family homes, condos, townhomes, ranches, land) in Boise and all surrounding areas

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Under $200,000 $200,000-$300,000 $300,000-$400,000
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Over $1M