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
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