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Real Estate Market

Boise Home Values

The median sales price for single-family houses in Boise, ID from May 1st to the 31st is $335,000 based on 515 home sales. The average price per square foot for Boise is $192, an increase of 11.63 percent compared to the same time last year. Boise real estate market summary:

  • The median list price increased to $335,000 (up 16.93% from twelve months ago)
  • The median sold price increased to $335,000 (up 17.54% from twelve months ago)
  • Total home sales rose to 515 (down from 538 twelve months ago)
  • Median days on market declined to 6 days (up 1 day from twelve months ago)
  • Available homes for sale rose to a 1.17 month supply (up from 0.98 twelve months ago)
  • 30-year fixed-rate mortgage rates decreased to 4.07% (down from 4.59% twelve months ago)

*Includes both new and existing home sales.

Found 57 blog entries about Real Estate Market.

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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Boise Real Estate Market Update May 16

The higher level of available homes for sale in May kept home prices little changed from April. Overall we are still very much in a sellers market. The inventory of homes remains extremely low, and demand remains high. May Boise real estate summary:

  • The median list price increased to $229,000 in May (up 9.05% from 12 months ago)
  • The median home price increased to $227,522 in May (up 8.86% from 12 months ago)
  • Total home sales increased to 513 in May (up 5.77% from 12 months ago)
  • Median days on market increased to 8 days in May (unchanged 12 months ago)
  • Available homes for sale increased to a 1.57 months supply in May (down 48% from 12 months ago)
  • Mortgage rates decreased to 3.60% in May (down 0.24% from 12 months ago)

Local

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Boise Real Estate Market Update Apr 16

The current trend in April – higher home prices, low inventory of homes and extremely high demand. Boise real estate is more popular than ever. April housing market summary:

  • The median list price increased to $229,450 (up 14.78% from last year)
  • The median home price increased to $226,700 (up 13.35% from last year)
  • Total home sales increased to 470 (up 12.71% from last year)
  • Median days on market decreased to 7 days (down 50% from last year)
  • Available homes for sale decreased to a 1.51 months supply (down 54% from last year)
  • Mortgage rates decreased to 3.61 percent

Local Real Estate Markets in April

Caldwell, Idaho

  • Median List Price $145,000
  • Median Sold Price $144,900
  • Days on Market 12
  • Total Sold 111

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Boise Real Estate Market Update Mar 16

The current trend in the Boise real estate market – higher home prices, low inventory of homes and extremely high demand. Boise Idaho real estate is more popular than ever. March housing market summary:

  • The median list price increased to $220,000 (up 1.90% from last year)
  • The median home price increased to $219,950 (up 2.38% from last year)
  • Total home sales increased to 434 (up 8.77% from last year)
  • Median days on market decreased to 15 days (down 42% from last year)
  • Available homes for sale increased slightly to a 1.97 months supply (down 55% from last year)
  • Mortgage rates increased to 3.71 percent ( up .01% from last year)

*Refers to March 2015.

Beginning this month we are we are combing new and existing home statistics

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Boise Real Estate Market Update Feb 2016

The Boise real estate summary for February:

  • The median list price increased to $209,000 (up 10.88% from last year)
  • The median home price increased to $207,000 (up 11.89% from last year)
  • Median days on market decreased to 24 days (down 33% from last year)
  • Available homes for sale increased slightly to a 1.60 months supply (down 58% from last year)
  • Mortgage rates decreased to 3.64 percent

Current Home Prices

February’s Boise median home price was $207,000 that’s an increase from $194,000 last month. That is a 3.5 percent increase from last year.

Existing Home Sales

In the Boise, Idaho we saw a total of 263 homes sell. Last month there were 209 homes that were sold. For the same month last year, 244 homes were sold.

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