Why It’s a Good Time to Buy a House in Boise, Idaho

Published:
August 16, 2022
Last updated:
December 7, 2024
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For many months now, we’ve heard how competitive the real estate market is in Boise, Idaho.

A massive influx of home buyers from other parts of the country drove prices up and sent inventory levels to record lows. This transformed Boise into one of the most challenging real estate markets in the country, from a home buyer’s perspective.

But like many cities across the country, this real estate market cooled down a bit from its peak a couple of years ago, though it’s still healthy. So 2025 could be a very good time to buy a house in the Boise area.

Three Reasons Why It’s a Good Time to Buy in Boise

The Boise real estate market has experienced significant inventory growth in recent months, along with price reductions from sellers. These and other changes have made the local housing scene more “friendly” toward buyers.

Here are three reasons why 2025 could be a good time to buy in the Boise area.

1. More homes are coming onto the market.

The inventory situation within the Boise real estate market has improved greatly over the past few months. Housing market supply levels bottomed out at the end of 2021, but have risen rising steadily since then.

The bottom line is that home buyers in the Boise area should have an easier time finding a property these days, compared to those who purchased in years past. If inventory continues to increase, the real estate market could become even more buyer friendly in 2025.

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2. Boise saw a Y-o-Y reduction in median sale price.

According to a recent report from the national real estate brokerage Redfin, the Boise metro area saw a lower year-over-year median sale price. From December 2023 to December 2024, Bose’s median sale price dipped 3.5%.

That means homes are selling for slightly less than what they did a year ago. This trend bodes well for home buyers planning to make a purchase in the Boise area during 20253. It’s another sign that the market is starting to shift in a way that favors buyers. Going forward, house hunters could enjoy more negotiating.

Will 2025 be a good time to buy a home in Boise? It’s sure looking that way. In fact, it could be the best time to buy a house since before the pandemic.

3. The Boise housing market is still a good investment.

With all of these reports about a “cooling” real estate market, home buyers might question whether or not it makes sense to buy a house right now. Anytime the market decelerates, there’s a concern among some that house values begin to drop.

But the Boise real estate scene still has strong fundamentals that could put upward pressure on prices for the foreseeable future.

The supply situation has improved, as mentioned above. But even so, this housing market will probably continue to have a shortage of homes relative to demand for a while longer. Those kinds of conditions tend to support house values.

Despite the rapid rise of home prices over the past couple of years, Boise is still more affordable when compared to other West Coast metros. The median price in Boise is roughly one-third what it is in the San Francisco Bay Area.

As a result, Idaho’s capital city will probably continue to attract buyers from more expensive cities. So the Boise real estate market should continue to benefit from strong demand, going forward.

Disclaimer: This report makes general predictions about future real estate conditions. They are the equivalent of an educated guess and should be viewed as such.

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Ready to Apply For a Mortgage?

Do you have questions about rates this week and home loans? Or are you ready to apply for a mortgage to buy a home? If so, Sammamish Mortgage can help. We are a local mortgage company from Bellevue, Washington, serving the entire state, as well as Oregon, Idaho, and Colorado. We offer many mortgage programs to buyers all over the Pacific Northwest and have been doing so since 1992. Among our programs includes the Diamond Homebuyer ProgramCash Buyer Program, and Bridge LoansContact us today with any questions you have about mortgages.

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