Boise, ID Housing Market: What to Expect in 2025?

Name: Boise, ID Housing Market - Price Trend Analysis
Creator: Houzeo
License: https://www.houzeo.com/terms-of-use/

Overview

Supply

Demand

Buy or Sell

Boise Housing Market Overview

The Boise, Idaho, housing market is moderately competitive at present. Home values have decreased by 2.5% YoY, bringing the median to $497,000. Properties typically take 25 days to go under contract. 216 properties were sold this month, a 13.7% growth compared to last year.

The city appeals to diverse homebuyers, thanks to its downtown condos, ranch-style homes, and planned communities. Boise's median home price has recently stabilized after several years of price escalation. This creates a welcome opportunity in a formerly overheated marketplace. With access to the Boise Foothills, the Boise River Greenbelt, and a vibrant downtown scene, the city continues to attract new residents.

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Boise Housing Supply

Boise attracts both homebuyers and investors due to its property value growth, solid rental yields, and a high quality of life. The local tech sector also draws many primary residents. There are 359 homes for sale in Boise, Idaho, down 21.6% from last year. This includes 252 new listings. With only 1.7 months of supply, competition is intense, and buyers face limited inventory.

Housing activity in the Boise real estate market picks up in spring and summer, as buyers aim to close before the holidays. Popular neighborhoods like North End, Bench, and East End often command premium prices. So, buyers should act quickly when they find the right property. Be sure to schedule thorough inspections before you make an offer.

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Boise Housing Demand

At present, Boise is a competitive housing market. Nearly 30% of homes sell above the asking price, while 32.6% see price drops---a 10.5-point increase from last year. The sale-to-list price ratio is 99.7%, which indicates that most homes sell very close to asking.

Sellers should price their homes strategically to attract serious buyers. With price reductions becoming more common, you can expect some negotiation. Listing on the Idaho MLS can boost your property's visibility. Homes sell fast in Boise, with a typical sale taking just 25 days. So, buyers should be prepared to act quickly, especially for well-priced homes.

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Balanced: Neither buyers nor sellers dominate the market. Supply meets demand, prices stay stable, and both parties negotiate on an equal footing.

Boise Housing Market: When to Buy or Sell?

The housing market in Boise shifts between favoring buyer and seller throughout the year. Seasonal changes affect supply and demand, creating new opportunities for both sides. These patterns align with the broader Idaho housing market. Despite recent price corrections, homes in Boise still sell quickly.

Compared to the balanced US real estate market, Boise's low 1.7-month supply gives sellers more negotiation leverage. Buyers can benefit from the increased inventory, but competition remains high. Knowing these trends, and watching local tech job growth, can help you plan the right time to buy or sell.

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Boise Housing Market

Frequently Asked Questions

How have Boise house prices changed over the past year?

The median home price in Boise, Idaho, has decreased by 2.5% over the past year, and is currently $497,000. You can estimate your home's value with our free home value estimator.

What are Boise real estate market predictions for 2025?

Boise's average home price should stabilize in the coming months. Demand will likely remain strong, with limited available inventory. Rising mortgage rates may affect affordability for some buyers.

What's the average home price in Boise?

Boise house prices vary by neighborhood and property type. They average $457,450 for condos and $495,000 for single-family residences. You can also explore cheap homes for sale in Boise to find something within your budget.

Is this a good time to buy a home in Boise, ID?

Make sure to check the current trends in housing prices and inventory in your city. At present, buyers benefit from modest price corrections despite limited selection.

How is the housing market right now in Boise?

Boise has robust market activity despite price adjustments. Properties sell quickly, typically within 25 days of listing. Competition remains fierce, with limited inventory but increasing price flexibility. Before buying or selling in Boise, review the city's housing market trends for optimal timing.

When will the Boise housing market crash?

Market conditions suggest that a crash is highly unlikely. The slight adjustments in Boise home prices are normal corrections, rather than crash indicators. The market should gradually stabilize, even as mortgage rates fluctuate.

How to buy a home in Boise?

The steps to purchasing a house in Boise must start with a clear budget and mortgage pre-approval. Buyers should then search for homes for sale in Boise, submit offers, secure loans, and complete the closing process.

How can I list my home for sale in Boise, ID?

You can list your home for sale with a Flat Fee MLS Idaho listing service. High-tech MLS listing sites like Houzeo automatically assign the right MLS paperwork based on your location. 🚀

What is the average mortgage rate for buyers in Boise?

The average mortgage rate for buyers fluctuates between 6.08% and 6.92%. It depends on the market and the borrower's credit score. Always check current rates with lenders before you apply for a loan.

What is the cost of living in Boise, Idaho?

The cost of living in Boise is 4% higher than the national average. Boise offers mountain town charm alongside expanding urban amenities. Housing is the largest expense for most residents, with the median price at $497,000. Many consider the recreational opportunities in Boise worth the modest premium.

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