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Recent forecasts for the Boise, Idaho housing market in 2025 suggest the market could continue to be subdued, after recent record-setting price growth.
This would be a welcome trend for home buyers who are planning to make a purchase over the coming months. Among other things, buyers could enjoy more negotiating leverage in 2025.
Here are three predictions for the Boise housing market in 2025.
Slower price growth, more homes to choose from, and less competition among buyers. Those are some of the current predictions for the Boise, Idaho housing market in 2025, based on where we are right now. So let’s take them one at a time.
According to Zillow, the median home value in the Boise area was around $478,245 as of January 2025. That marks a year-over-year increase of 3.2%, which is a relatively healthy pace of increase.
In 2025, some forecasts suggest that the Boise real estate scene could continue on a “normal” and sustainable rate of price growth. We can’t say for sure what house prices will do next year. But with the way things are going now, it seems reasonable to expect a more normal rate of home-price growth over the coming years.
Another key prediction for the Boise, Idaho real estate market relates to inventory growth. In 2025, home buyers in the area could have many more homes to choose from when compared to previous years. This could shift the local market dynamic in favor of buyers (for a change).
Recent reports have shown that the Boise housing market is now gaining inventory at a rapid pace. That’s a big step in the right direction, from a home buyer’s perspective.
In 2025, the Boise-area real estate market had a mere 1.32-month supply. Inventory growth has caught the attention of sellers, as well. Last month, more than 60% of homes listed for sale in the Boise metro area had a price reduction. That’s partly due to the rise in inventory mentioned above. With more homes hitting the market, sellers have to be more flexible with their pricing.
Housing inventory in Boise has been on the increase for a couple of years. As a result of these changes, Boise home buyers could probably enjoy more bargaining power in 2025.
According to the latest data, Boise-area homes listed for sale last month spent a median of 39 days on the market. That was lower than the same time a year earlier.
Which brings us to a final prediction for the Boise, Idaho real estate scene. In 2025, we could see an overall increased pace of sales, with homes taking shorter to sell.
It stands to reason. Today’s higher home prices have remained stagnant while mortgage rates have increased. That said, rates are on the decline. Inventory growth, meanwhile, has given buyers more options while easing competition.
Disclaimer: This article includes forecasts for the Boise housing market stretching into 2025. Those predictions are based on current trends and therefore far from certain. No one can predict future housing trends with complete accuracy.
Do you have questions about mortgages? If so, Sammamish Mortgage can help. We are a local mortgage company from Bellevue, Washington, serving the entire state, as well as Oregon, Idaho, Colorado & California. We offer many mortgage programs to buyers all over the Pacific Northwest and have been doing so since 1992. Our programs include the Diamond Homebuyer Program, Cash Buyer Program, and Bridge Loans. Contact us today with any questions you have about mortgages.
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No Obligation and transparency 24/7. Instantly compare live rates and costs from our network of lenders across the country. Real-time accurate rates and closing costs for a variety of loan programs custom to your specific situation.