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Real Estate Market Update August 2016

Posted by Lisa Kohl on Wednesday, September 7th, 2016 at 10:20am.

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 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

Boise Real Estate Agent Lisa KohlLisa 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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