Boise’s Housing Market Forecast: What First-Time Buyers Should Know

Ozzie Ozkay-Villa
Jan 18
3 min read

Hey there, future homeowner!

Boise’s Housing Market Uncovered

If you’re thinking about buying your first home in Boise, 2025 is shaping up to be an exciting time. While the market is always changing, there are plenty of reasons to feel optimistic (and a little prepared) as you start your home-buying journey. Here’s what you need to know about Boise’s housing market and how to make the most of it!

1. Home Prices Are Leveling Out

Good news for buyers: after several years of sky-high home prices, Boise’s market is finally calming down! Experts predict prices will stabilize through 2025, meaning you won’t have to worry about those huge monthly jumps in price anymore.

What This Means for You:

Homes are more affordable than they were a year ago.
You can take your time finding the one without feeling rushed by skyrocketing prices.

2. Mortgage Rates May Dip a Bit

Let’s talk mortgage rates—the big number that can make or break your budget. While rates are still higher than the ultra-low days of 2021, experts expect them to dip slightly this year. By year-end, they could hover around 6%, making monthly payments a little easier to manage.

Pro Tip 1: Lock in a rate when you find one that works for your budget—rates can change fast!

Pro Tip 2: Find an agent that can negotiate a rate buy down for you

3. More Homes Are Hitting the Market

If you’ve been frustrated by limited options, here’s a reason to smile: inventory levels are starting to grow. More homes on the market mean less competition and more choices for buyers.

Why This Matters:

You’ll have a better chance of finding a home that checks all your boxes.
Bidding wars (remember those?) are becoming less intense.

4. Boise Is Still a Hot Spot, But Growth Is Slowing

Boise is known for its amazing quality of life—beautiful outdoors, friendly neighborhoods, and a thriving downtown. While people are still moving here, the pace has slowed compared to the pandemic boom years.

What This Means for Buyers:

Less competition from out-of-state buyers.
A chance to settle into a growing, vibrant community without feeling like you’re in a race.

5. It’s a Balanced Market—Finally!

The real estate market in Boise is shifting to be more balanced. That means it’s no longer overwhelmingly a seller’s market, and buyers like you have more negotiating power. Yay, teamwork!

The Benefits of Balance:

You can be more thoughtful about your decisions.
Sellers are more likely to negotiate on price or repairs.

Tips for First-Time Buyers

Here are some quick tips to help you navigate the market and find your dream home in 2025:

Stay Informed: Keep an eye on mortgage rates and local housing trends. Knowledge is power!
Get Pre-Approved: A pre-approval shows sellers you’re serious and ready to buy.
Partner with a Local Realtor (Like Me! 👋): Having a guide who knows the ins and outs of Boise’s neighborhoods is a total game-changer.
Be Ready to Act: Homes in great areas still sell fast, so have your finances and wish list in order.

Let’s Find Your First Home!

Hi, I’m Ozzie—your friendly Boise Realtor and founder of Boise Bohemian. I’m here to make your first home-buying experience as fun and stress-free as possible. Want a list of upcoming events or a personalized collection of homes for first-time buyers? I’ve got you covered! Send me a message (yes, I answer the chat box!), and let’s get started. 🎉