Boise Idaho real estate market remains one of the hottest markets in the country. Home buyer demand vastly exceeds the supply of homes in our market. This situation has been creating bidding wars thus pushing real estate prices up.
Homebuilders have been trying to fill the supply gap but new homes are mostly priced higher. Subsequently, average home prices in Boise and surrounding areas have been recording new highs almost every month.
Total of 1187 single family homes sold in Boise in the last quarter.
Average listing price was $552,545; median listing price was $474,900;
Average selling price was $568,762; median selling price was $490,000.
Average DOM (days on market) was 4.
This information is based on IMLS and it’s for single family homes only.
If you’re planning to sell your house or condo, Contact us for your Free home evaluation. Call (208)928-5007 today!