Boise, Idaho Real Estate Market Trends
Updated: March 2, 2025
Current Market Overview
As of January 2025, the Boise housing market continues to exhibit notable activity:
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Median Home Price: The median sale price in Boise reached $510,000, reflecting a 9.7% increase compared to the previous year.
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Average Home Value: The average home value stands at $481,661, marking a 3.2% rise over the past year.
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Median Listing Price: Homes were listed at a median price of $549,900 in January 2025, showing a 6.5% decrease year-over-year.
Market Dynamics
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Competitiveness: Boise’s housing market is somewhat competitive, with homes typically receiving three offers and selling within approximately 46 days.
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Sales Trends: In January 2025, 151 homes were sold, a slight decrease from 158 sales in the same month the previous year.
Neighborhood Highlights
Certain Boise neighborhoods have experienced significant growth:
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North End: Median home price of $670,338.
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Highlands: Median home price of $902,959.
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Harrison Blvd: Median home price of $908,751.
Future Outlook
Projections suggest that Boise’s real estate market will continue to grow. Some forecasts indicate that the median home price could surpass $1 million by 2033, driven by sustained demand and limited housing supply.
Conclusion
Boise’s real estate market remains dynamic, characterized by rising home values and active buyer participation. Both buyers and sellers should stay informed about these trends to make strategic decisions in this evolving market.
For personalized guidance on navigating Boise’s real estate landscape, consider consulting with a local real estate professional.