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Real Estate Market Update July 2016

Posted by Lisa Kohl on Sunday, August 7th, 2016 at 6:31pm.

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 ago)
  • 30-year mortgage rates decreased to 3.44% in July (down from 4.05% 12 months ago)

*Includes both new and existing home sales.

Local Real Estate Markets in July

Ada County

  • Median List Price $353,000
  • Median Sold Price $353,000
  • Days on Market 39
  • Total Sold 1,135

Eagle, Idaho

Home prices are up 4.93% in Eagle YTD.

  • Median List Price $416,950
  • Median Sold Price $409,388
  • Days on Market 25
  • Total Sold 96

Kuna, Idaho

Home values are up 9.43% in Kuna YTD.

  • Median List Price $178,900
  • Median Sale Price $178,950
  • Days on Market 8
  • Total Sold 66

Meridian, Idaho

Meridian is the fastest growing city in Idaho. 36% of the new construction homes being built in Ada county are in Meridian. Overall home values are up 3.66% YTD.

  • Median List Price $249,000
  • Median Sold Price $249,900
  • Days on Market 13
  • Total Sold 287

Star, Idaho

Star home prices are up 3.71% YTD.

  • Median List Price $267,731
  • Median Sale Price $267,731
  • Days on Market 14
  • Total Sold 40

Canyon County

  • Median List Price $163,950
  • Median Sale Price $164,301
  • Days on Market 33
  • Total Sold 422

Caldwell, Idaho

Home prices are up 12.33% in Caldwell YTD.

  • Median List Price $149,900
  • Median Sold Price $149,900
  • Days on Market 15
  • Total Sold 101

Middleton, Idaho

Middleton home values are up 8.97% YTD.

  • Median List Price $196,945
  • Median Sold Price $200,600
  • Days on Market 18
  • Total Sold 24

Nampa, Idaho

Nampa home prices are up 11.82% YTD.

  • Median List Price $165,000
  • Median Sold Price $164,900
  • Days on Market 8
  • Total Sold 207

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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