Spring Momentum Drives Boise Housing Market as Inventory Expands
Posted by Lisa Kohl on Friday, April 11th, 2025 at 3:25pm
The Boise real estate market is shaping up with springtime momentum, offering more options for buyers while sellers continue to benefit from steady demand.
In Ada County, the median sold price rose to $565,000 in March, a 1.8% increase from last year and up 17.2% compared to two years ago. Boise’s median price reached $540,000, up 1.9% from last year, while home prices in Canyon County rose 2.8% to $424,990. While growth has returned to a more sustainable pace compared to the pandemic surge, prices continue to remain stable, with modest year-over-year increases.
Across the Treasure Valley, the number of homes for sale is steadily climbing. In March, 1,186 new listings came to market in Ada County, bringing total active inventory to 1,503 homes for sale, up 27.7% compared to the same time last year.
New listings reflect the homes that were added for sale during the month, while active inventory counts everything currently available, whether it’s newly listed or carried over from earlier months.
More new listings combined with growing inventory generally means buyers have more choices, not that the market is becoming oversupplied. Spring typically brings a wave of new homes to the market, and this year’s increase points to a more traditional seasonal pattern rather than a slowdown. Canyon County also saw inventory increases, with 699 new listings that came on the market in March and 1,049 active listings by the end of the month, up 32.8% compared to last year.
Together, housing inventory across Ada and Canyon counties is holding near a two months' supply, slightly higher than this time last year, but still well below the four to six months typically seen in a balanced market, giving buyers more options while still favoring sellers.
While it’s normal for inventory to rise in the spring, this year feels a little different. We’re seeing more buyers and sellers step off the sidelines, even with today’s mortgage rates, driven by life events like relocations, upsizing, or downsizing. It’s a good reminder that for most buyers and sellers, real estate decisions aren’t just about interest rates, they’re also about personal timing and life changes.
At the same time, buyer demand has remained steady. The median days on market or the time it takes to sell a home, dropped to 23 days in Ada County, down from 28 days last year. In Boise, competition remains strong, with the typical home selling after just 14 days. Homes in Canyon County are selling in a median of 36 days. Well-maintained homes that are in desirable locations, including those in luxury price points, continue to attract strong showings and offers sometimes within days of being on the market.
Mortgage rates have remained relatively balanced. The average 30-year fixed mortgage rate was around 6.65% at the end of March, slightly lower than the 6.82% we saw this time last year. While rates are still higher than a few years ago, today’s environment is much closer to long-term historical norms. Even small movements in rates can make a difference for buyers, offering modest savings on monthly payments and opening up a little more room in their budgets. Activity picks up when rates dip and slows when they rise which is a reminder of how sensitive today's market remains to even slight changes in affordability.
Looking ahead, broader economic factors including job growth, consumer confidence, and mortgage rate trends will continue to shape the market. For now, both buyers and sellers are finding opportunity in a market that feels steady and more balanced.
By the Numbers: March 2025 Real Estate Market Overview
Median Price: What You Should Know
The median sale price provides a snapshot of home affordability in the market. It represents the midpoint of all home sales, giving buyers an idea of what they might expect to pay. A higher median price typically reflects a more expensive housing market.
Inventory Trends and What They Mean
The number of homes available for sale shows how much choice buyers have in the market. Changes in this number indicate whether inventory is growing or shrinking, which can affect competition and pricing for buyers.
What Days on Market Tell Us About Demand
The average number of days on market measures how long it takes for homes to sell. A lower number suggests a fast-moving market with high demand, while a higher number indicates homes are taking longer to sell, often reflecting lower buyer activity.
Boise Market Trends
- Median list price: $539,000, up 1.7%
- Median sold price: $540,000, up 1.89%
- Average price per square foot: $309, down 2.22%
- Total home sales: 227, up 4
- Median days on market: 14, up 3
- Available homes for sale: 1.49 month supply, up 0.1
- 30-year mortgage rate: 6.65%, down 0.17
Treasure Valley Market Trends
- Ada County: $565,000, up 1.8%
- Eagle: $807,730, up 11.4%
- Garden City: $421,500, up 1% (*fewer than ten sales)
- Kuna: $462,604, down 1.2%
- Meridian: $530,000, down 0.9%
- Star: $643,932, up 13.5%
- Canyon County: $424,990, up 2.8%
- Caldwell: $415,000, up 6.4%
- Middleton: $524,990, up 21.8%
- Nampa: $419,945, down 0.4%
Lisa Kohl
Lisa carefully studies the local housing market to give her clients the edge when buying or selling a home in Idaho. We Know Boise is a full-service real estate team that combines our LOCAL expertise with traditional know-how to create exceptional results for each of our clients.
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Select information in this We Know Boise market report was obtained from the Intermountain MLS (IMLS) on March 10th, 2025. While the data is deemed reliable, it is not guaranteed. City-specific data refers to single-family homes on less than one acre, whereas county-level data includes homesites of all sizes. The "months of supply" metric is based on a 12-month rolling average. Home prices mentioned combine both existing and new construction properties. Comparisons are based on year-over-year changes unless otherwise specified.
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