Housing Market in Boise, Idaho
The housing market in Boise, Idaho has been on the rise in recent years. According to Zillow, the median home value in Boise is currently $372,000, which is up 6.6% over the past year. This marks an increase of $23,000 from the previous year.
The median list price per square foot in Boise is $227, which is higher than the Boise Metro average of $209. The median price of homes currently listed in Boise is $399,900. The median rent price in Boise is $1,895, which is higher than the Boise Metro median of $1,650.
The Boise housing market is considered to be a balanced market, meaning that there is a healthy balance between buyers and sellers. The market is still favorable for buyers, but it is not as favorable as it was a year ago. Homes are selling quickly and prices are rising, but there is still plenty of inventory available.
The Boise housing market is expected to continue to be strong over the next year. The Boise housing market report predicts that the median home price in Boise will increase by 4.7% over the next 12 months. This would bring the median home value to $388,000 by the end of 2021.
Overall, the Boise housing market is strong and is expected to remain strong over the next year. The median home value is increasing, and the median list price per square foot is higher than the Boise Metro average. The market is still favorable for buyers, but it is not as favorable as it was a year ago.