The Boise housing market saw an influx of new listings in May, but steady buyer demand absorbed much of the added supply.
Treasure Valley home prices remained mostly stable. Ada County’s median sold price was $575,843, down less than 1% from $579,900 last May. Canyon County’s median sold price rose 2.4% year over year to $444,502.
Buyers are still showing up, but they are not chasing every listing. Payment, condition, and value continue to drive decisions, especially with mortgage rates still holding in the mid-6% range. That helps explain why sales activity improved in May without broadly pushing prices higher.
Sales activity was stronger than it was a year ago. Closed sales rose nearly 20% in Ada County and nearly 12% in Canyon County, while pending sales were also higher in both counties pointing to a busier spring market, even as affordability remained a constraint.
Homes also continued to move quickly. The median days on market, the time between when a home is listed and when it goes under contract, was 12 days in Ada County and 26 days in Canyon County, in line with typical late-spring activity over the past few years.
The clearest shift in May showed up in inventory. The number of new listings rose in both Ada and Canyon counties from a year ago, yet active inventory ended the month lower in both counties.
Ada County saw nearly 15% more new listings than last May, but fewer homes were available at month-end, with active inventory down about 11%. In Canyon County new listings rose nearly 21%, while active inventory fell about 7%. More sellers came to market in May, but not enough homes lingered to push inventory higher.
By the end of the month, Ada County ended May with 2.38 months of supply, while Canyon County had 2.49 months. Months of supply measures how long it would take to sell the current inventory at the current pace of sales. In both counties, supply remained below the level typically associated with a balanced market.
More listings gave buyers additional options, but not across every price point or condition level. Sellers still had an active audience in May, though buyers remained selective and less willing to stretch for homes that felt overpriced or underprepared.
That lines up with what many local agents are reporting. Showing activity has improved, and multiple-offer situations are still happening on homes that are priced and presented well.
Mortgage rates remain one of the biggest constraints on the market. Freddie Mac’s latest weekly survey, released June 11, showed the 30-year fixed-rate mortgage averaging 6.52%, up from 6.48% the week before but still below 6.84% at the same time last year. Rates in the mid-6% range continue to limit affordability, especially for buyers trying to balance higher home prices with higher monthly payments. With the Federal Reserve holding rates steady again in June, the market is still operating without much near-term relief on borrowing costs.
The late-spring market brought more activity than last year, but not more pricing power across the board. Buyers absorbed much of the new supply, and homes continued to sell at a healthy pace. Still, affordability is doing what it has done for the past two years: limiting how far many buyers can go.
By the Numbers: 2026 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: $582,500 (up 6.88%)
- Median sold price: $583,500 (up 6.28%)
- Average price per square foot: $336 (up 4.35%)
- Total home sales: 376 (up 63)
- Median days on market: 6 (down 2)
- Available homes for sale: 1.75 (down 26.47%)
- 30-year mortgage rate: 6.52%
Treasure Valley Market Trends
- Ada County: $575,843 (down 0.70%)
- Eagle: $812,445 (down 10.18%)
- Garden City: $465,000 (fewer than 5 sales)
- Kuna: $469,945 (up 0.63%)
- Meridian: $566,100 (down 1.12%)
- Star: $603,548 (up 3.53%)
- Canyon County: $444,502 (up 2.42%)
- Caldwell: $426,700 (up 2.33%)
- Middleton: $449,995 (down 7.22%)
- Nampa: $433,490 (down 2.27%)
More From Our Blog
Select information in this We Know Boise market report was obtained from the Intermountain MLS (IMLS) on June 09, 2026. 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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