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Real Estate Market

Boise Home Values

The median sales price for single-family houses in Boise, ID from November 1st to the 30th is $299,900 based on 395 home sales. The average price per square foot for Boise is $178, an increase of 16.34 percent compared to the same time last year. November Boise real estate market summary:

  • The median list price increased to $299,900 (up 20.01% from twelve months ago)
  • The median sold price increased to $299,900 (up 19.96% from twelve months ago)
  • Total home sales declined to 395 (down from 441 twelve months ago)
  • Median days on market rose to 15 days (up 1 day from twelve months ago)
  • Available homes for sale declined to a 1.17 months supply (down from 1.23 twelve months ago)
  • 30-year fixed-rate mortgage rates increased to 4.87% (up from 3.92% twelve months ago)

*Includes both new and existing home sales.

Found 51 blog entries about Real Estate Market.

Boise Real Estate Market Update March 2017

The median price of single-family homes sold in Canyon County in March jumped 12.90 percent over the year to a new record of $175,000. The previous record was set in January of 2007 when home values hit $170,000.

In March of last year, the median Canyon County home price was $155,000.

No matter how you look at it, area home prices are up dramatically. While we have definitely seen a pickup in inventory, we are still much closer to record lows than any type of balanced market.

In Canyon County, the median days on market are 26. In other words, the amount of time between when the property is listed on the market until it goes pending is just under four weeks. Typically it takes an additional 30 to 45 days for the transaction to actually close. The home

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Boise ID Real Estate Market Update February 2017

The median single-family home price in Ada County hit a record $258,445 in February surpassing the previous high of $239,588 set in June of 2016. In February of 2016, the median sale price was $235,000. House prices are up 9.98% over the previous 12 months. The median sales price is up 95.41% since hitting a near-term low in March of 2011.

New construction homes were the most significant driver with prices jumping to $339,970 from $299,985 last year. There just isn't enough new construction being built to fulfill the demand. In 2005 we saw 4,849 new construction homes sell in Ada County. In 2016 only 2,604 were sold.

Resale homes finished the month at $224,500 up from $212,950 in February of 2016.

The lack of available homes for sale is the

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Boise Real Estate Market Update January 2017

Available homes for sale in Boise and throughout Ada and Canyon counties are at record lows. Based on months of inventory, there are just 1.13 months of available homes for sale in Boise. In Ada County, we saw available existing homes for sale drop to 644 in December. In January we saw available homes for sale drop to 561, 44.1% less than in January of 2016.

2017 is bringing little relief to homebuyers. A monthly report doesn’t adequately reflect how quickly properties are selling. Of the 315 homes that listed for sale in January, 174 are either pending or already sold. In other words, they never “appeared as active”. In Ada County that amounted to 673 new listing of which 327 went pending or sold before the end of the month.

March is typically

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Boise Real Estate Market Update December 2016

Boise home values finished 2016 with an 8.76% increase. After hitting a record high in June of $237,600 prices declined slightly in July. For the rest of the year, values remained unchanged to finish the month of December at a median value of $230,000.

At first, that might seem surprising considering the local real estate market is still sizzling. The reality is, the only reason prices aren’t even high is due to the lack of supply. At the beginning of January, Boise had approximately 500 homes for sale. Based on current sales this is the lowest inventory we have seen in nearly ten years.

Homebuyers continued shopping for new houses through November and December with no real slowdown. Rising mortgage interest rates and tight inventory levels being the

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Boise Real Estate Market Update November 2016

Total home sales in Boise for the month of November increased by almost 35% from the same month last year. 35% is a massive increase; the fact that it happened in November is even more astounding. While home prices typically hold steady during the fall months in the Boise, ID the number of homes sold usually drops.

Near record low levels of inventory in October encouraged last-minute shoppers off the sidelines, particularly for those that expected to move into a new home before the Holidays. Buyers that had been looking for an extra bedroom have been more likely to forgo that in exchange for a more budget-friendly price.

Despite the low supply of available Boise homes for sale, buyers have been benefiting from historically low mortgage interest rates.

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Boise Real Estate Market Update October 2016

Boise Real Estate Market

The median sales price for homes in Boise from Oct 1st to Oct 31st is $229,900 based on 425 home sales. The average price per square foot for Boise is $144, an increase of 11.63% compared to the same time last year. October 2016 housing market summary:

  • The median list price decreased to $229,999 in October (up 9.03% from 12 months ago)
  • The median home price increased to $229,900 in October (up 9.94% from 12 months ago)
  • Total home sales decreased to 420 in October (up 3.96% from 12 months ago)
  • Median days on market decreased to 13 days in October (down 8 days from 12 months ago)
  • Available homes for sale decreased to a 1.58 months supply in October (down 7.61% from 12 months ago)
  • 30-year mortgage rates
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Boise Real Estate Market Update September 2016

Boise home prices are holding steady and are basically unchanged from April. Although the inventory of homes remains extremely low, and demand remains high, particularly below $200,000. Overall we are still very much in a seller's market. September 2016 housing market summary:

  • The median list price increased to $230,000 in September (up 4.90% from 12 months ago)
  • The median home price increased to $228,000 in September (up 5.92% from 12 months ago)
  • Total home sales decreased to 470 in September (up 12.44% from 12 months ago)
  • Median days on market increased to 15 days in September (down 6 days from 12 months ago)
  • Available homes for sale decreased to a 1.70 months supply in September (down 10.53% from 12 months ago)
  • 30-year mortgage
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Boise Real Estate Market Update August 2016

Boise home prices are holding steady and are basically unchanged from April. Although the inventory of homes remains extremely low, and demand remains high, particularly below $200,000. Overall we are still very much in a seller's market. August 2016 housing market summary:

  • The median list price increased to $229,900 in August (up 6.98% from 12 months ago)
  • The median home price decreased to $227,750 in August (up 8.36% from 12 months ago)
  • Total home sales decreased to 508 in August (up 11.16% from 12 months ago)
  • Median days on market increased to 14 days in August (down five days from 12 months ago)
  • Available homes for sale increased to a 1.74 months supply in August (down 15% from 12 months ago)
  • 30-year mortgage rates remained
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Boise Real Estate Market Update July 2016

Boise home prices are holding steady. Last month home sales hit a multi-year high and available homes for sale hit a multi-year low. Overall we are still very much in a seller's market. The inventory of homes remains extremely low, and demand remains high, particularly below $200,000. July 2016 housing market summary:

  • The median list price decreased to $229,496 in July (up 9.36% from 12 months ago)
  • The median home price decreased to $228,000 in July (up 8.62% from 12 months ago)
  • Total home sales decreased to 533 in July (up 4.10% from 12 months ago)
  • Median days on market remained unchanged at 8 days in July (down five days from 12 months ago)
  • Available homes for sale increased to a 1.59 months supply in July (down 38% from 12 months
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Boise Real Estate Market Update June 16

June brings a new record high for Boise home prices. Home sales hit a multi-year high in June. Available homes for sale hit a multi-year low. Overall we are still very much in a sellers market. The inventory of homes remains extremely low, and demand remains high. June housing market summary:

  • The median list price increased to $239,000 in June (up 9.13% from 12 months ago)
  • The median home price increased to $237,250 in June (up 8.58% from 12 months ago)
  • Total home sales increased to 596 in June (up 5.49% from 12 months ago)
  • Median days on market remained unchanged at 8 days in June (down five days from 12 months ago)
  • Available homes for sale increased to a 1.48 months supply in June (down 38% from 12 months ago)
  • Mortgage rates
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