Home values: Median prices in 12 cities

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Boise, Idaho

This contemporary three-bedroom ranch was built in 2008 and features an open floor plan with a well-planned design, says Dan Dixon, sales associate for Coldwell Banker Tomlinson Group. The great room-dining area has a vaulted ceiling and corner fireplace with a mantle and tile hearth. The kitchen has a breakfast bar, tile countertops and backsplash, hardwood cabinets, smooth-top range and built-in microwave. “It’s a good quality home,” he says. “It’s a very functional, livable floor plan.” A spacious master suite includes a bathroom with separate tub and shower and double vanities, he says. It also has a patio off the great room and a two-car garage.

Price: $156,900

Area median price: $154,700 (down 17 percent)

  • 3 bedrooms/2 baths
  • 1,520 square feet
  • .21 acre lot
  • Great room with tile hearth
  • Breakfast bar
  • Two-car garage

Price trend:
For median-priced buyers in Boise, Idaho, it’s “a phenomenal time to buy,” says Ed Elam, Realtor with Keller Williams Realty Boise.

“There are so many bank-owned (homes), as well as preforeclosure houses, you’ve got a huge selection,” he says. Plus, home prices are averaging $75 to $85 per square foot in the $154,000 to $157,000 range, he says.

So what will buyers find in that range?

“You’re getting lots of entry houses,” says Elam. “You can get a three bedroom, two bath easily. There’s going to be some new construction.”

The median price for Boise and its surrounding areas was $154,700 in the fall of 2009, according to the National Association of Realtors. That was down from $187,300 during the same period in 2008.