It may be a “seller’s market,” but that doesn’t make the process any easier!
Homeowners in Idaho are wondering about what is the best time of the year to sell a house! Putting your home on the market can be a confusing process. Adding in the decision about when to sell a house in 2021 can further complicate the process! If you’re considering a home sale this year, we’ve put in the research so that you don’t have to!
Do you want to know when is the best time of the year to sell your house in Idaho? Keep reading to learn about the best (and worst!) times of the year for selling a house in Idaho.
House Market Overview in Idaho
Are you selling your house in Idaho? With the current real estate market, Idaho house sales are currently red hot! Idaho house prices make it a great time to start thinking about selling a house in Idaho. With low mortgage rates, the most significant thing homeowners and sellers should be thinking about is when is the best time of the year to sell a house!
Since so many buyers are looking for immediate home purchases, the average house price on the market, and rates so low, most homes are being sold for above the asking price! Bidding wars are forcing home buyers to put in offers above asking in order to get ahead of the game.
With such a hot market, it’s the perfect time to consider selling our house in ID. For help with your home sale, Gem State Cash Offer makes it fast and easy, any time of the year.
Best Time of the Year to Sell Your House in Idaho
When thinking about selling your house in Idaho, the first thing to consider is when to sell! If you’re wondering when is the best time of the year to sell your house in Idaho, you’ve come to the right place.
Selling a house in Idaho is a smart move when the market is so hot. Sellers should also think about whether they value a speedy sale more than a higher selling price. For homeowners looking to move into another property quickly, a faster sale may be more valuable than a bigger price tag!
Recent data shows that putting your house on the market in late spring can mean a faster sale! Buyers during the high season for the housing market are interested in a quick sale.
If you would rather look at getting more for your house sale in Idaho, consider putting your home on the market in late fall to early winter. According to Redfin Data Center, houses put up for sale in late fall to early winter in Idaho sold for a higher price – and still in an average of just over two weeks on the market. Many young families with pre-approved mortgage rates are trying to get into their new home before the holidays, so they will be willing to pay a premium for this.
Best Month of the Year to Sell Your House in Idaho
What is the best month of the year to sell a house? In Idaho, homeowners should think about when is the best month of the year for selling your house.
Idaho homeowners looking for a combination of a fast sale and a high selling price should consider the specific month depending on which city they live in. Overall, selling a house in summer is easier for a few reasons.
Benefits to selling your house in summer:
- Kids are out of school, allowing buyers a more flexible schedule
- Pictures of your house for sale look nicer and more inviting in summer settings
- Warmer weather invites more inspired buyers
- Buyers will be more likely to want to close deals before kids head back to school in September.
- June and May sales turn higher profits.
The best month of the year for selling your house in Boise is the month of September. For homeowners selling their house in Meridian, selling it in early December can mean a quick sale AND a higher premium on the sale price! Nampa residents should consider putting their homes on the market in August for a quick and profitable sale.
If you choose to sell your house in Idaho in the summer months, be sure to plan ahead and get the help of some knowledgeable professionals in the Idaho real estate business!
Worst Time of the Year to Sell Your House in Idaho
Are you a homeowner? Wondering what is the worst time of the year to sell your house in Idaho? Let’s look at when is the worst time for selling a house in Idaho.
Unlike the profitable months of late spring and summer, late winter takes the cake as the worst time of the year to sell a house in Idaho. If you’re considering selling your home, February is not the time to list. Homeowners listing in February can expect to see their home on the market for weeks or even months! The longer your house is listed, the lower the price may have to go. After seeing your listing pop up week after week, agents and buyers will likely start to wonder, “What’s wrong with it!?”
Is it worth the risk!? While November and early December listings can lead to a quick, profitable sale – waiting too long may mean the exact opposite. Shorter days, bad weather, busy holidays, and visiting relatives mean that late December is one of the least profitable times to put your house for sale in Idaho.
Worst Month of the Year to Sell Your House in Idaho
Currently, the worst month of the year to sell a house in Idaho is the month of October. With the approaching colder weather, buyers are less quick to make a move on sales. Fewer bidders on your home often mean a lower selling price. Typically, in October, homes sold in Idaho yield a lower sale price and bring less profit to sellers. Idaho home sales in the summer bring in a significantly higher premium for the seller.
While homeowners should consider October as the worst month of the year to sell a house in Idaho, there’s still hope! Home sellers always have the option to contact local companies who specialize in selling homes during the off-season and even in the middle of cold, dreary winter!
For homeowners looking for a fast sale, companies like Gem State Cash Offer can guide them through the selling process efficiently and profitably.
Median sale-to-list ratio by Month in Idaho
In Idaho, the sale-to-list ratio varies from month to month. Let’s take a look at the median sale-to-list ratio in Idaho by month. Overall, the month with the highest medium and overall premium over average is November! For anyone involved in Idaho real estate, having this knowledge can mean a bigger return on property investments.
The early winter months have proven to be one of the most profitable times to sell your house in Idaho. Buyers are willing to pay that higher premium to get into their new property before the holidays and for sellers thinking of selling a house- this can really pay off!
The best medium sale-to-list ratios by month in Idaho:
- November – 98.10%
- January – 97.30%
- May – 98.90%
- June – 98.80%
- August – 98.40%
In November, the median sale price in Idaho is currently at an average of $315,000.00. This selling price indicates an elevated premium of over $25,000.00. December, June, and August are also profitable months in terms of median sale prices in Idaho, ranging from $290,000.00 to $315,000.00.
Final Thoughts on Selling your House in Idaho
Selling a house in Idaho can get complicated! For homeowners considering putting their homes on the market, it’s essential to know which is the best month to sell a house in Idaho. It’s also important to know about what are the worst months of the year to sell a house in Idaho!
For homeowners and sellers thinking about selling a house in Idaho, it’s important to plan ahead. While months such as May, August, November, and June can be good times for a quick sale – some planning has to occur before. Are you thinking about listing in May? Start the process no later than January! There can be more paperwork, numbers, and time involved in selling your home than you realize.
Want some help with all that paperwork and dealing with potential buyers? Gem State Cash Offer can make the process efficient and straightforward – something we all need when selling a house should be the least of our worries! For more information on selling a home as-is, fast, contact Gem State Cash Offer to get your house on the market today.
Meta Description: Learn more about the best time and even the worst time to sell a house in Idaho and know more about the market trends to get the best deal for your home.