Boise, ID housing market

Boise home sellers are asking about twenty-five thousand dollars more than the typical home is actually worth. Here is what that gap tells you if you are thinking about selling this year. The median list price in Boise right now is about five hundred thirty-seven thousand dollars, while the typical home value sits around five hundred twelve thousand dollars, up about 2.3 percent over the past year. So values are still rising, just slowly, and sellers are aiming a little higher than where prices actually are. There are about 576 homes for sale right now, with roughly 308 new listings hitting the market this month, so buyers have options, and they are using them carefully. The typical home takes about 43 days to sell. Here is the number that ties it together. About 16.5 percent of listings, nearly one in six, have already cut their price. That is the market telling some sellers they aimed too high. If you price at what the data says your home is worth, you can sell inside that 43-day window. Aim above it, and you sit, then cut. Get a free home value estimate at Home Value Pros dot com.