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Real Estate Boise Market Update May 2016

Posted by Lisa Kohl on Tuesday, June 7th, 2016 at 3:30pm.

Boise Real Estate Market Update May 16

The higher level of available homes for sale in May kept home prices little changed from April. Overall we are still very much in a sellers market. The inventory of homes remains extremely low, and demand remains high. May Boise real estate summary:

  • The median list price increased to $229,000 in May (up 9.05% from 12 months ago)
  • The median home price increased to $227,522 in May (up 8.86% from 12 months ago)
  • Total home sales increased to 513 in May (up 5.77% from 12 months ago)
  • Median days on market increased to 8 days in May (unchanged 12 months ago)
  • Available homes for sale increased to a 1.57 months supply in May (down 48% from 12 months ago)
  • Mortgage rates decreased to 3.60% in May (down 0.24% from 12 months ago)

Local Real Estate Markets in May

Caldwell, Idaho

  • Median List Price $144,900
  • Median Sold Price $145,250
  • Days on Market 11
  • Total Sold 122

Eagle, Idaho

  • Median List Price $389,000
  • Median Sold Price $382,000
  • Days on Market 16
  • Total Sold 85

Kuna, Idaho

  • Median List Price $179,945
  • Median Sale Price $185,050
  • Days on Market 6
  • Total Sold 56

Meridian, Idaho

  • Median List Price $249,900
  • Median Sold Price $249,900
  • Days on Market 15
  • Total Sold 303

Middleton, Idaho

  • Median List Price $169,900
  • Median Sold Price $169,900
  • Days on Market 10
  • Total Sold 25

Nampa, Idaho

  • Median List Price $164,900
  • Median Sold Price $165,000
  • Days on Market 11
  • Total Sold 211

Star, Idaho

  • Median List Price $234,900
  • Median Sale Price $234,000
  • Days on Market 20
  • Total Sold 45

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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