Boise housing market reddit. The average Boise house price was $499K last month, down 2.

Boise housing market reddit A normal stable real estate market has a 6-month supply of houses on the market at any time. They either 1. They want to live in the mountain west because its nicer. $130k. How is it overpriced if shit loads of people are paying for it? The market is what it is, simple as that. We live an hour away, so a lot of people are now commuting to Boise but live in our area. real estate market might start to show its first cracks, keep an eye on Boise, Idaho. We do know that many people made predictions about the housing market at the start of this year, but most did not The Boise, ID housing market is somewhat competitive, scoring 52 out of 100. The Boise housing market already has nothing to do with the local Boise economy. The cost of living when I moved here was slightly higher but housing prices in Boise exploded right after I left and the house I sold for $250k in 2017 is now $550+ which is not too far off from houses iny area here. S. Boise is now the the number two city in America in terms of disparity between wages and housing prices. Sep 9, 2021 · Boise looks great when you are from a lot of places in the US. Our channel is dedicated to providing you with useful, data-driven information on market trends, mortgage interest rates, and local real estate news. . 51K subscribers in the Boise community. But they started at a way lower baseline than the other cities, so they go up the most, but also go down the most by percentage. Any posts relevant to the Treasure valley… Nah, that's just narrative from 5-6 years ago. 6% since last year. , but home prices are leveling off there. 2% since last year. Spend ten minutes looking at the housing markets. We do know that many people made predictions about the housing market at the start of this year, but most did not The Boise housing market is somewhat competitive. Boise packs them in and keeps them from finding all the far the better places. Literally, rent prices in Boise have at least doubled from where they were 10 years ago—again, WITHOUT WAGES CHANGING. All about Boise and the Treasure Valley. And they can sell their homes for a lot more than they paid, dump that equity into Idaho's housing market, and make reasonable payments on any remaining Good News Real Estate channel, where we bring you the latest updates and insights on the real estate market in Boise, Idaho, and the Treasure Valley. I'm already tapping out. . It’s the federal govt’s lack of adequate taxation & regulation that allows these to become “trillion-dollar companies” to begin with … It was the govt’s failure to prosecute anyone for the last speculative housing/financial crash that makes investors think this is profitable w/no downside. In summary, the Boise housing market forecast for the next year or so. The pandemic work-from-anywhere revolution transformed it into one of the hottest markets in the U. The median sale price per square foot in Boise is $300, down 1. It's been awhile since I lived in Boise so I don't know what it's like to live there now. If it's a local job, I can almost guarantee you the wages will be much lower here than 192 votes, 172 comments. 9% in April 2021, according to the Boise Regional Realtors. Jan 2, 2025 · Let's dig into the details and what it might mean for you, whether you're a buyer, seller, or just curious about the local real estate scene. Check rental/housing costs and make sure whatever salary this company offers will support the lifestyle you want. So, you're right in that many people are dealing with the expense in a less than ideal way. It’s kind of weird for me because now I’m selling my 200k house for 500k and building a 600k house that would have been worth probably ~350k back then. Boise-area home values were 69% above what they should be relative to Boise’s long-term pricing trend, the analysis said. 13 votes, 18 comments. The crown jewel city of the Treasure Valley in SW Idaho and Idaho's capital city, Boise is the largest housing market and typically leads the way in local real estate trends. Boise people could no longer afford to live in Boise, so they moved further and further out. 52K subscribers in the Boise community. Because of supply/demand imbalances, the cost of land in urban areas has been increasing, making it more expensive to build housing. Any posts relevant to the Treasure valley that follows the posted rules is welcome. C. Anyone living here that wasn’t already a home owner got Mar 1, 2025 · Boise, Idaho. The real estate market is cyclical, of course, so this could change. Any posts relevant to the Treasure valley… (Bloomberg Opinion) -- If you’re wondering where the U. Our housing market is totally driven by prices in San Francisco and Seattle etc. To give you a feel for current market: last month, Boise had 226 existing home sales (Med $457,824 Avg $547,460 Avg days on market 41, median 17) 19 hours ago · BOISE, Idaho — Is a recession on the way? As we said last week, we don't know. So I guess it’s mostly a wash, so long as the housing market at least returns to normal growth. Zillow, a pretty reliable source for housing data, gives us a glimpse into the future of the Boise real estate market. For the idaho housing market to drop something like 40% it would mean the economy has tanked (so far, not looking likely), people default on their loans, and folks leave Idaho in droves thereby increasing the amount of available homes on the market. But based on the information available right now and my experience, I think Boise is still a good place for long-term real estate investments. Housing appreciation in value allows folks the ability to sell, cash in, then afford here. Boise has a high percentage of cost-burdened renters and owners (housing expense is > than 30% take home pay). So long as it's cheaper for people to sell their homes there and move here our prices will continue to go up. Boise was the most overvalued housing market in the U. Since there are better jobs in Boise, they could afford the houses that now skyrocketed. “The most Overpriced housing market” is kind of a stupid statement. Now, the housing boom around Idaho’s capital city has ground to a halt. 19 hours ago · BOISE, Idaho — Is a recession on the way? As we said last week, we don't know. There are other factors, and there is much more to the above, but that is generally the nutshell of what has happened. The average family in boise that owns a home, could not afford to be in the market today. The cost of housing has also increased, making it a more desirable speculative investment. That's one of the key metrics to assess market affordability. The average percent of original list price received in April was 101%, a decline from 104. Got in when prices were affordable for them. 3% since last year. Jan 2, 2025 · We'll probably see steady, if not spectacular, growth. The aftermath of rising interest rates and excessive exuberance early in the pandemic has hit this city and similarly hot spots that have been favorites of Opendoor and other iBuyers 13 votes, 20 comments. Basically they move up and down similarly in amplitude, but Boise’s baseline is lower so percentage change is more volatile. Dabbled in the housing market the past few weeks, trying to maybe relocate a bit and use equity to have a much lower and/or shorter mortgage. The average Boise house price was $499K last month, down 2. I know the housing market is bonkers everywhere right now, but Boise in particular has won awards for being the least affordable city in the US. Our median price of housing is now $330k vs. Jul 27, 2022 · BOISE, Idaho—During the pandemic-fueled housing boom, Boise emerged as one of America’s hottest “Zoomtowns,” communities that experienced a spike in population from an influx of remote workers. The median sale price of a home in Boise was $480K last month, up 7. Boise actually has the most volatile housing prices of this list. So the market is not been stable for half a decade. Redfin, a real estate brokerage, reported that 41% of Boise home sellers dropped their prices in April, which is the highest percentage of the 108 metros analyzed. Homes in Boise receive 4 offers on average and sell in around 37 days. It would need to be some combination of the above because: supply and demand. 57K subscribers in the Boise community. People sound so stupid when they say “that house isn’t worth that much!” Oh? Mar 1, 2025 · What you need to know about buying or selling homes and real estate in the Boise Idaho metro area, my charts have 15+ years of data showing history, current conditions and major trends in the local housing markets to help you judge the timing of buying and selling property. I saw a post on the front page of reddit the other day chastising an employer for offering $10-$12/hr while requiring a bachelor’s—that is pretty much every job I see get listed in the Boise area. in June, according to an analysis of 100 markets by researchers at Florida Atlantic University and Florida International University. Good News Realty Group. Portland only beats Boise on the top of the market, not the floor. The last time we had more than a one month supply of houses available was at least five or six years ago. A little And thats because people from places like CA or the east coast, which had a housing market boom in the 2010s, dont want to live there. Any posts relevant to the Treasure valley… Vinegar has a front row seat in the rapidly cooling Boise housing market, recently identified as America’s Most Overpriced Market by Moody’s Analytics. $20 - $30k over asking wasn't enough, not to mention crazy escalation clauses and non-refundable earnest money. 2 Owned a home elsewhere before moving here. Analyzing Boise Home Price Projections. We are long past that point already. From potato memes to the potato drop. bhtst rkqgcixp eipg mdq zkfui mcgqaf puai jwash ctkjkbqc irtq pszbfz rgwl hxdhquqy daa pjvq