Boise Real Estate Market -May '23 vs. May '22

Boise real estate update

Boise real estate data indicates further market slowdown due to the higher interest rates and low inventory of affordable homes. The number of sold single family homes was down by27 percent. Median price of a sold house was 17 percent lower than a year ago; average price was 5 percent lower. House took 24 days to sell, 15 days longer to sell on average compared to May '22.

Below you'll find property selling data in May '23 vs. May '22.

 Contact us for your Free Home Evaluation.  Call (208)918-5007 today. We'll be happy to help!

Single Family Homes

Boise May 2023 May 2022 Difference 
No. of Sales 293 373 -27%
Median Price $499,900 $585,000 -17%
Average Price $644,623 $674,017 -5%
Days on Market 24 9 +15 days

Condos and Townhomes

Boise May 2023 May 2022 Difference 
No. of Sales 59 51 +16%
Median Price $404,900 $549,900 -36%
Average Price $416,722 $550,657 -32%
Days on Market 37 14 +23 days

 

Every market is different. If you'd like to find out what your home is worth in today's market contact Krystyna Ryan at (208)918-5007 or click below to get a price range.

free home evaluation boise Idaho

 

As a comparison, below is date for Ada County home sales, inventory levels, home prices year over year:

Boise Idaho real estate market