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Real Estate Market

Boise Home Values

The median sales price for single-family houses in Boise, ID from January 1st to the 31st is $295,000 based on 252 home sales. The average price per square foot for Boise is $184, an increase of 18.71 percent compared to the same time last year. Boise real estate market summary:

  • The median list price increased to $294,900 (up 13.86% from twelve months ago)
  • The median sold price increased to $295,000 (up 15.23% from twelve months ago)
  • Total home sales declined to 252 (down from 277 twelve months ago)
  • Median days on market rose to 19 days (down 1 day from twelve months ago)
  • Available homes for sale declined to a 0.89 months supply (up from 0.76 twelve months ago)
  • 30-year fixed-rate mortgage rates decreased to 4.46% (up from 4.03% twelve months ago)

*Includes both new and existing home sales.

Found 53 blog entries about Real Estate Market.

ADA County Rental Market Summary Q3 2015. Vacancy rates dropped 0.4% to finish the 3rd quarter of 2015 at 3.4%. This is a 0.9% increase from Q2 2014 when vacancies stood at 2.5%. The largest decrease in vacancy rates from last quarter were in Multifamily investment properties. Multifamily vacancies dropped from 4.5% to 3.3%. Single family vacancies increased 0.5% to 3.5%. This is the third quarter in a row we have seen single-family vacancies increase. Although vacancies are only 0.2% higher than the third quarter of 2014.

Overall rents increased 3.0% during the quarter. Rental rates increased slightly for single family rental homes, with an average of $22 to $1,276 from $1,254. There was a large increase of $82, in rental rates for multi-family homes,

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Boise Real Estate Market September 2015

Fall is officially in the air and while the leaves are starting to fall – real estate prices here in Boise, Idaho are holding steady. For the Boise real estate market in September 2015 we had a total of 371 home sales in the immediate Boise area. This is a decline of about 39 homes versus August but an increase from the 17 homes sold the exact time of last year.

The Boise median home price clocked in at $202,000. Lately, we have been flirting between high $190’s-200’s so this doesn’t come as a surprise however this is an increase from the median sold price we saw in August of $199,500. Rewind back to Sept of 2014, our median sales price was $185,450. One key thing to point out is that usually, as we approach closer to the end of the year, we start

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Boise Real Estate Market August 2015

The mornings here in the area are beginning to get a little cooler and so are the sales prices of homes sold in the Boise real estate market in August. We saw a total of 410 homes sold in August, 2015. Compare this number to the 355 homes that were sold this same time last year we are looking at a small increase of 15.5%. Seasonal- this number seems on par with summer coming to a close and school starting here mid-month.

The median sales price of homes here in Boise was $199,500. In August of last year, our median sales price was $190,000 so overall we are looking at a 5% increase which is what we have been seeing so far this year. Median price per square foot is currently running at $125.00. Now if you compare August’s median sold price versus

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Single family homes sold in the Boise real estate market for the month of July totaled 451. Compared to July of last year, this is an 11% increase compared to the 418 homes that were sold. Last month in June, we had a total of 518 homes sell so we should continue to see this number decrease as the year progresses. The summer months here in our market tend to be the busiest all year and as summer winds down, people are looking to get settled in prior to the start of the school year which is the end of August.

The Boise median home price for homes sold in July was $204,500, this is a 9.7% decrease from the median price we saw in June at $210,000. The median price per square foot in July for a home would set you back $124 per square foot. Last year in

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In Ada County, rental vacancy rates increased by 1 percent to 3.8 percent in the 2nd quarter of 2015.  In the second quarter of last year vacancies stood at 3.7 percent. Single family properties saw the greatest increase in vacancy rates from the last quarter. It’s important to keep in mind, single family vacancy rates are considerably lower than the 5.4 percent we saw in the second quarter of 2014.

Rental market trends for the first half of 2015 are showing multifamily and single family vacancies continue to increase. Rental rates increased slightly for single family homes, with an average of a $9 increase. There was an overall decrease of $31 in rental rates for multifamily homes. On the average, Ada County showed an $11 increase in rental rates over

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Single family home sales in the Boise real estate market for the month of June totaled 568. This is a 12.5% increase in Boise home prices, versus the 454 homes sold in June of 2014. Median sales price for June was $218,750 which is a 10.76% increase from last year at $203,250. The median price per square foot for a single family home was $128.

Median days on market is still very low at only 13 days however this is an increase from May which only saw 8 days on market. This time last year, average days on market was just 16 days. Right now in Boise we currently have 2.05 months of inventory available. This is a decrease from the 2.43 months we had last month.

New homes sold in Boise totaled 57 units. This was five more units than this time last year

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Here are the latest updates from your Boise Real Estate Center for May 2015. A look at Ada county stats:

  • 901 single-family homes sold, up 14.5% year-over-year
  • Distressed properties (REOs and short sales) only accounted for 3% of the homes sold, down 50% compared to last year at this time
  • The Median Sales Price was $229,000, up 9.6% year-over-year
  • Available inventory was at 2.8 months, a decrease of 9.7% year-over-year (again, new construction supply was at 5.9 months, while the supply of existing homes was at 2.2 months)
  • Days on market was at 49, which was 2 days longer than last year, due to an increase in new construction market time, at 92 days in May 2015 compared to 76 days in May 2014

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In Ada County we had a total of 803 units sold vs 695 in March. Of those 803 units only 5% were distressed sales (bank owned or short sale properties). Average days on market for these properties were 47 days. Days on market for inventory in the $160,000-$200,000 range was just 14 days. This price bracket also had the highest number of total units sold at 199 units.

The median sales price for homes in Ada County in April was $216,200. This number is down from March at $222,500. Inventory is still hovering at 3.1 months overall however for properties priced in the $120,000-$160,000 range was just 1.3 months’ supply.

For new construction, popular price points continue to be in the $250,000-$400,000 range. Currently in Ada County we have 6.6 months’

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Boise real estate price trends keep trending up. This is the best March we have had in Eight years, the latest from our Boise real estate blog. Ada County summary below:

  • 694 homes were sold last month. That is an incredible 14 percent increase from March 2014. That is 134 new construction homes and 560 existing homes.
  • Days on Market totaled 65. That is slightly lower than what we have been seeing.
  • Overall, the median home price is $222,000. $282,402 for new construction and $210,000 for existing homes. In February the Median existing home price was $196,750.
  • Total Inventory stands at 3.6 months. Pending sales total 1,208.

Outlook and Summary

Overall, it was a very strong month, Nationally it looked very much the same. All real

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Boise real estate market news for February 2015. Ada County results:

  • In February 2015, we saw a total of 507 homes sell in Ada County, up 10.41% from February of last year.
  • Days on Market, or home supply, declined by 3 days to 67 from last months 70 days on market.
  • In the new construction market we saw 109 sell; an increase of 8.12% from last year.
  • Existing homes sold totaled 398; an increase of 11.11% from the previous year.
  • In Ada county the median home price is $224,900 up 9.86% from this time last year.
  • For existing homes the median is $196,750 up 11.25% from 2014. The new construction median price is $305,000 practically unchanged from 2014.
  • Total supply of homes is at 3.8 months.

Market Outlook

It’s unusual to see

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