Sign In

Dashboard

Login using...

New Search X

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.

More From Our Blog...

Treasure Valley Home Prices SoarNew Month, New Records as Treasure Valley Home Prices Soar

Local home prices surge to new highs as spring selling season kicks into high gear. The median price for a single-family home in Boise... Read More

Boise Real Estate Forecast 2019Boise Housing Market Forecast 2019: Five Trends to Watch

Where is the Boise real estate market headed in 2019? The double-digit home price appreciation we have seen over the last year will... Read More

Boise Housing BubbleAre We Headed for a Boise Housing Bubble?

Considering local home prices have jumped over the last six years and memories of the great recession are still in the back of... Read More

Leave a Comment