Housing Market

June 18, 2024

Boise Housing Market Update | May 2024

The median sales price for the Boise housing market in May was $551,950. Although this marks a slight drop from the previous month, it represents a 3.4% increase from May of last year. Excluding new construction, existing home sale prices saw an even more substantial rise, increasing by ...

View More
Posted in Housing Market
May 20, 2024

Boise Housing Market Update | April 2024

As evidenced by the large number of pending TripleCord listings right now,  the Boise housing market has really begun to pick up.  Pending sales have surged by 10% compared to last month and nearly 25% compared to last year. Additionally, the median number of days properties spend on ...

View More
Posted in Housing Market
April 16, 2024

Boise Housing Market Update | March 2024

Last month, the Boise housing market witnessed impressive leaps in some key measurements for real estate market competitiveness.  Most notably, the median sales price for existing homes (not including new construction) went up by $56,800 from February to March.  This is an increase of 11.6% in ...

View More
Posted in Housing Market
March 16, 2024

Boise Housing Market Update | February 2024

The median sales price for the Boise housing market in February was $522,000.  This is up 1.7% (or about $9,000) from January and up 5.7% (or $30,000) from February of last year.   Though still sitting below the February record-high median sales price of ...

View More
Posted in Housing Market
Feb. 16, 2024

Boise Housing Market Update | January 2024

As mortgage interest rates dipped in December and January, many buyers got off the fence, and the Boise housing market saw pending sales increase to their highest number since June 2023.  Unfortunately, at the beginning of this month, we began to see rates move up again. We anticipate this ...

View More
Posted in Housing Market
Jan. 22, 2024

Boise Housing Market Update | December 2023

Despite a slower year for real estate overall, the Boise housing market concluded 2023 in a stable position.  The median sales price in December stood at $516,745, marking the lowest for the year but still higher than the same period last year. To visualize the shift in median ...

View More
Posted in Housing Market
Dec. 15, 2023

Boise Housing Market Update | November 2023

Over the past year, the Boise housing market experienced a notable and abrupt deceleration from its initial post-COVID pace.  However, a recent decline in mortgage interest rates has sparked a refreshing surge in buyer activity. This development is particularly exciting for prospective buyers who have been eager to purchase ...

View More
Posted in Housing Market
Nov. 11, 2023

Boise Housing Market Update | October 2023

Last month, the resale home sector of the Boise housing market is where we saw the most positive movement.  This month, however, it’s new construction that’s leading the charge.  Though still 11.1% below last year's prices, the median sales price for new construction jumped by 6 ...

View More
Posted in Housing Market
Oct. 13, 2023

Boise Housing Market Update | September 2023

Resale homes in the Boise housing market saw the first positive boost in median sales price since August of 2022, jumping 6% from the same time last year.   New construction prices, however, have seen a significant decline, dropping 15.8% over the same period.  A recent article from ...

View More
Posted in Housing Market
Sept. 21, 2023

Boise Housing Market Update | August 2023

From our standpoint as agents, the Boise housing market has been incredibly slow in comparison to the chaos of the last three years.  In fact, when we look at the number of homes sold this past summer (June, July, and August), it’s the slowest we’ve seen since 2012.  ...

View More
Posted in Housing Market