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Real Estate Market Update September 2016

Posted by Lisa Kohl on Friday, October 7th, 2016 at 4:57pm.

Boise Real Estate Market Update September 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. September 2016 housing market summary:

  • The median list price increased to $230,000 in September (up 4.90% from 12 months ago)
  • The median home price increased to $228,000 in September (up 5.92% from 12 months ago)
  • Total home sales decreased to 470 in September (up 12.44% from 12 months ago)
  • Median days on market increased to 15 days in September (down 6 days from 12 months ago)
  • Available homes for sale decreased to a 1.70 months supply in September (down 10.53% from 12 months ago)
  • 30-year mortgage rates increased 3.46% in September (down from 3.89% 12 months ago)

*Includes both new and existing home sales.

Local Real Estate Markets in September

Ada County

  • Median Sold Price $249,995
  • Days on Market 43
  • Total Sold 976

Eagle, Idaho

Home prices are up 6.58% in Eagle YTD.

  • Median List Price $376,964
  • Median Sold Price $377,659
  • Days on Market 13
  • Total Sold 81

Kuna, Idaho

Home values are up 12.12% in Kuna YTD.

  • Median List Price $194,900
  • Median Sale Price $192,900
  • Days on Market 22
  • Total Sold 55

Meridian, Idaho

Meridian home values are up 4.21% YTD.

  • Median List Price $261,245
  • Median Sold Price $259,950
  • Days on Market 22
  • Total Sold 308

Star, Idaho

Star home prices are up 3.53% YTD.

  • Median List Price $252,900
  • Median Sale Price $251,450
  • Days on Market 34
  • Total Sold 44

Canyon County

  • Median Sale Price $159,974
  • Days on Market 45
  • Total Sold 392

Caldwell, Idaho

Home prices are up 12.75% in Caldwell YTD.

  • Median List Price $145,900
  • Median Sold Price $144,900
  • Days on Market 20
  • Total Sold 103

Middleton, Idaho

Middleton home values are up 8.59% YTD.

  • Median List Price $181,400
  • Median Sold Price $181,450
  • Days on Market 30
  • Total Sold 26

Nampa, Idaho

Nampa home prices are up 11.85% YTD.

  • Median List Price $159,900
  • Median Sold Price $160,000
  • Days on Market 15
  • Total Sold 215

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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