Boise Id Homes For Sale Zillow (2024)

FAQs

Are Boise home prices dropping? ›

Home prices in Boise fell by 1.2% to $478,200. However, this decline is primarily due to the mix of homes sold. On a per-square-foot basis, prices leaped 10.4%.

The months from March to June are the best time to buy a house in Idaho. This is due to the higher inventory, increased competition among sellers, and potentially lower asking prices.

Ada County home prices are surging as rising competition for scarce listings sends buyers scrambling. With robust demand and historically low inventory, 2024 is already turning out to be a good year for home sellers.

In May 2024, the median listing home price in Boise, ID was $599.9K, trending up 1.9% year-over-year. The median listing home price per square foot was $317. The median home sold price was $500K.

Best Time to Sell Your House for a Higher Price

July, September, and October are the best months to sell your house in Idaho. The median sale price of houses in October 2023 was $484,400, which is expected to rise in 2024.

The coming months in Boise are anticipated to carry a modest, yet positive, trend in the real estate market. Projections estimate a 0.5% increase in performance by the end of March 2024, and a more significant 2.1% rise by the end of May 2024.

If getting the lowest price possible is your main priority, consider searching for a home in November or December. There won't be as many houses to choose from compared to the spring and summer months, but you'll face less competition and a higher likelihood of purchasing a home below the asking price.

Winter is usually the cheapest time of year to purchase a home. Sellers are often motivated, which automatically translates into an advantage to you. Most people suspend their listings from around Thanksgiving to the New Year because they assume buyers are scarce.

In urban areas, such as the city of Boise, the average nominal tax rate is, on average, 1.327%. The rural rate is somewhat lower at 0.893%. Keep in mind, however, that those numbers apply to net taxable value in Ada County. If you qualify for the homeowners exemption, that could be as low as half of your market value.

How much does it cost to live comfortably in Boise? ›

An Affordable Place to Live in the Pacific Northwest

Boise is not only one of the most affordable cities in the U.S., it's also one of the best places to live in the Pacific Northwest—without the high price tag of similar nearby cities like Seattle and Portland!

The Boise housing market is still experiencing some positive momentum, but the breakneck pace of the seller's market frenzy might be easing slightly. Home prices continue to climb reflecting a year-over-year increase of over 10%. This indicates that sellers are still in a strong position.

Idaho home prices have remained relatively steady over the last couple of years — and even dropped significantly in Boise — but a new study shows we could be in for an increase in 2024 and into early 2025.

Boise, overall, is considered an excellent place that can give you great returns on your investment. This is because: Its metro area has the largest student market in Idaho. There's a high job availability.

DAWGS is a property security company that gathered info, from Fortune, on the most overvalued cities in the United States and the top city is Boise. Boise house prices are overvalued by 76.39 percent, ranking 1st in the nation and more than 14 percent higher than the 2nd place city, Austin Texas (62.33 percent).

At its peak in 2022, Boise faced an under supply of nearly 15,000 homes and a year-over-year price increase of 26%. Since then the housing supply has not kept up with the new demand, leading to a shortage of affordable housing options for many residents.

Boise has one of the country's highest home appreciation rates, a stable economy, ample job opportunities, and more affordable housing prices than many of its neighboring states.