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Boise Real Estate Market Update / September 2021

Looking for information specific to your area and nearby counties? Download our monthly Market Dynamics here!

Curious about what is going on in Boise’s real estate market?

Here are the highlights:

  • Home values are up 27.5% YTD
  • Inventory is up 4.5% MoM
  • This month we are giving you our predictions for what to expect in 2022!

Want to know the value of your unique property?

Reach out to one of our market specialists today!

208-391-5117 // contact@ownboise.com

Buying a Home in the Boise, ID area?

If you are considering buying a home in Boise, Idaho, remember that although home prices are higher than they’ve ever been, home interest rates are at HISTORIC LOWS. This means its extremely cheap to borrow money when financing a home, which helps balance out the higher purchase prices. When hiring a real estate agent to sell your home, interview and hire a professional that knows the ins and outs of our current market.

Ensure the agent you hire understands how to handle multiple offers, can get you the most money for your home, negotiate the best terms, and/or situation such as waiving the home inspection or waiving the appraisal to eliminate the worry or your home’s value coming in low.

Curious how this impacts you or want more information regarding your specific situation? Contact us at 208.391.5117 or email us at contact@ownboise.com

Who is Own Boise?

At Own Boise, our mission is to ‘Own where you live’, which is more than owning real estate although we love that people do! We believe that in order to own where you live, you must be involved in the community. That involvement can come in many different ways. Donating time, money, volunteering, teaching, coaching, leading or simply just showing up. Our team currently consists of 16 real estate agents and 4 operations staff. In 2021, Own Boise was recognized as one of “2021s Best Real Estate Teams in Idaho” by Real Trends and “Diamond Level Team” by Boise Regional Realtors for selling over $70 million in volume.

In 2020, the average agent sold 5.7 homes whereas Own Boise sold 225. Our team sells 39X more homes than the average agent. We sell 97% of the homes we list whereas the average agent sells 91%. We average 23 days on market whereas our competitor averages at 29 days. Finally, our original list price to sales price is 101.5% whereas the MLS is 88%. Meaning we are beating the market by 13.5% which nets our seller roughly $57,645 more than the average agent on a $427,000 home.

2 thoughts on “Boise Real Estate Market Update / September 2021

  1. Craig, you do a fabulous job of marketing. I enjoy hearing what you have to say about the market conditions. Thanks for sharing!
    Winnie Morton, Assoc. Broker
    Sweet Group Realty

    1. Thank you so much, Winnie. We appreciate your support! Don’t hesitate to reach out if you have any questions on the market. 🙂

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