Despite higher mortgage rates and growing inventory, home prices in Ada County reached a new November record, climbing to $564,000, up 7.43% from last year. In Canyon County, home prices rose to $425,000, up 2.4% year over year. Both increases came even with more homes on the market than last year, a shift, but not one that’s been large enough to put downward pressure on prices.
November set a major record in Eagle, with a median sales price of $1 million, the highest ever recorded for the month. A suburb about 20 minutes west of Boise, Eagle has long been recognized for its luxury housing and newer, custom-built homes, making it one of the area's most established high-end markets in the Treasure Valley. Homes there took a median of 68 days to sell, reflecting both the area’s concentration of higher-priced properties and the longer timelines typical of the luxury segment of the market. It’s a reminder that different price points and sub-markets can move at very different speeds and price points, even within the same county.
Mortgage rates have continued to come down slightly from recent highs. The average 30-year fixed is now around 6.22%, roughly half a point lower than this time last year. While that's still well above pandemic-era lows, even modest rate drops throughout the year have triggered a noticeable uptick in showings. It’s not a massive wave of new buyer demand, but enough to keep buyer activity moving.
Homes in Ada County spent a median of 32 days on the market in November, up from 27 days a year ago. Canyon County remained flat from last year at 42 days on the market. Inventory levels or the number of available homes for sale remain similar to what we saw last fall, with 2.7 months of supply in Ada County and 2.65 months in Canyon County. Economists typically consider 4 to 6 months of supply to be a "balanced" market, one that favors neither buyers nor sellers. Anything below four months indicates there are more buyers than available properties which means, technically, we're still in seller's market territory despite an increase in listings.
After peaking in late fall, inventory typically tightens through the holidays. For homes that didn’t sell this year, some sellers of unsold properties opt to cancel their listings or plan to relist in the spring. We expect fewer new homes to come to market through the end of the year which means less competition for sellers still active and fewer choices for buyers who are still looking.
By the Numbers: November 2025 Real Estate Market Overview
Median Price: What You Should Know
The median sale price provides a snapshot of home affordability in the market. It represents the midpoint of all home sales, giving buyers an idea of what they might expect to pay. A higher median price typically reflects a more expensive housing market.
Inventory Trends and What They Mean
The number of homes available for sale shows how much choice buyers have in the market. Changes in this number indicate whether inventory is growing or shrinking, which can affect competition and pricing for buyers.
What Days on Market Tell Us About Demand
The average number of days on market measures how long it takes for homes to sell. A lower number suggests a fast-moving market with high demand, while a higher number indicates homes are taking longer to sell, often reflecting lower buyer activity.
Boise Market Trends
- Median list price: $534,995 (up 0.96%)
- Median sold price: $530,000 (up 0.95%)
- Average price per square foot: $310 (up 6.16%)
- Total home sales: 270 (up 7)
- Median days on market: 23 (up 2)
- Available homes for sale: 1.85 month supply (up 0.04)
- 30-year mortgage rate: 6.22% (down 0.07)
Treasure Valley Market Trends
- Ada County: $564,000 (up 7.4%)
- Eagle: $1,000,000 (up 29%)
- Garden City: $536,500 (*fewer than ten sales)
- Kuna: $439,900 (up 2.3%)
- Meridian: $619,108 (up 4.1%)
- Star: $572,000 (up 19.1%)
- Canyon County: $425,000 (up 2.4%)
- Caldwell: $399,900 (up 3.8%)
- Middleton: $441,400 (down 18.2%)
- Nampa: $414,995 (up 0.7%)
More From Our Blog
Select information in this We Know Boise market report was obtained from the Intermountain MLS (IMLS) on December 12, 2025. While the data is deemed reliable, it is not guaranteed. City-specific data refers to single-family homes on less than one acre, whereas county-level data includes homesites of all sizes. The "months of supply" metric is based on a 12-month rolling average. Home prices mentioned combine both existing and new construction properties. Comparisons are based on year-over-year changes unless otherwise specified.
Posted by Lisa Kohl on
Leave A Comment