Boise, Idaho: A Hidden Gem for Real Estate
This captivating city, blending small town charm with urban conveniences, has become a sought-after destination for both residents and investors. With a steady rise in Real Estate Value and a promising future, November 2024 provides insights into the dynamic Boise, Idaho residential real estate market.
From October to November, the average days on Market for all properties and for properties sold have both increased. The number of Homes sold has increased though, the available number of homes for sale has increased as well. While the average list price of homes has decreased by almost $100,000 on average, the average price of homes sold has increased by almost $100,000 on average. The average list prices are balancing out to the average sold prices, this means that listing prices are now more accurate and home sellers are getting closer to their asking price. For sellers having a good Comparative Market Analysis from your agent with a property walkthrough and detailed pricing adjustments for your listing price will be important. For sellers this may potentially mean fewer seller concessions. For buyers, having a good real estate agent to negotiate on your behalf will be important.
Average Days on Market for Sold Homes:
38
Average Days on Market for All Properties:
59
Number of Homes Sold:
728
Number of Homes for Sale:
1796
Average Price of Sold Homes:
$564,276
Average List Price:
$574,190
Boise's real estate market is highly competitive and moves quickly. Well-priced homes are selling fast, and low inventory means a buyer must act swiftly to secure their ideal home. For sellers it's crucial to work with an agent who can provide accurate Comparative Market Analysis (CMAs) to that your home is listed at a competitive price and that your property sells as quickly as possible. The longer a home sits on the market, the less likely it is that you will recieve offers for the selling price asked.
TRUSTED REAL ESTATE EXPERT
Tiffany Scudder, seasoned real estate expert has been helping Idaho residents with their housing needs for over 20 years. Whether you're buying selling, relocating or managing property, her in-depth knowledge and expertise in pricing, marketing and negotiation will guide you every step of the way. With a personal touch and commitment to client satisfaction, Tiffany is your trusted partner in the Treasure Valley real estate market.
www.stargarnethomes.com
208-570-2337 - CALL TIFFANY TODAY!