Real Estate Market Update August 2016
Posted by Lisa Kohl on Wednesday, September 7th, 2016 at 10:20am
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 unchanged at 3.44% in August (down from 4.05% 12 months ago)
*Includes both new and existing home sales.
Local Real Estate Markets in August
Ada County
- Median Sold Price $253,000
- Days on Market 35
- Total Sold 1,017
Eagle, Idaho
Home prices are up 6.82% in Eagle YTD.
- Median List Price $417,834
- Median Sold Price $415,500
- Days on Market 49
- Total Sold 88
Kuna, Idaho
Home values are up 11.22% in Kuna YTD.
- Median List Price $197,900
- Median Sale Price $198,726
- Days on Market 12
- Total Sold 55
Meridian, Idaho
In Idaho's fastest growing city home values are up 4.09% YTD.
- Median List Price $259,900
- Median Sold Price $260,000
- Days on Market 15
- Total Sold 301
Star, Idaho
Star home prices are up 3.99% YTD.
- Median List Price $275,000
- Median Sale Price $275,000
- Days on Market 11
- Total Sold 41
Canyon County
- Median Sale Price $164,900
- Days on Market 45
- Total Sold 424
Caldwell, Idaho
Home prices are up 12.56% in Caldwell YTD.
- Median List Price $149,900
- Median Sold Price $150,840
- Days on Market 12
- Total Sold 115
Middleton, Idaho
Middleton home values are up 8.62% YTD.
- Median List Price $170,400
- Median Sold Price $165,000
- Days on Market 7
- Total Sold 30
Nampa, Idaho
Nampa home prices are up 11.85% YTD.
- Median List Price $164,900
- Median Sold Price $164,900
- Days on Market 12
- Total Sold 230
Lisa Kohl
Lisa Kohl is a professional Realtor in Boise, Idaho. Questions about the local real estate market? Contact us online or call (208) 391-4466.
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