Boise Idaho- Housing Market Report
See housing data charts below.
I've lived in Idaho's capital city, the City of Trees, located in Southwest Idaho's Treasure Valley for over 40 years and there's no place better. Here in Ada County, we enjoy four true seasons with hot summers and surprisingly mild winters for the elevation. Current population is around 250,000 and growing thanks to the affordable cost of living and fantastic outdoor lifestyle Idaho offers. The people are friendly and the economy is strong.
The crystal-clear Boise River runs through town and features an extensive greenbelt & park system running from Lucky Peak Dam over 20 miles to Eagle & Star providing outdoor activities such as walking, running, biking, trout fishing and rafting right in town. The foothills also offer many easily accessible trails with views.
If you enjoy getting outdoors like me, Boise is an ideal place to live. Within easy driving distance are many opportunities for fishing, boating, camping, hiking, hunting, skiing, snowmobile/ATV/OHV and wild-life viewing. Also recreation properties. Myself, I'm really into steelhead & salmon fishing.
Boise real estate features historic homes dating back to the late 1800s, many mid-century modern & ranch-style homes, view homes on the foothills, luxury homes near the river and golf courses, downtown condos, townhome developments as well as contemporary style homes with all the recent home-building.
Boise currently has 238,000 residents and has been growing by 1.25% per year. Thanks to that growth, Boise home prices have been rising quickly since 2010, but Ada County home prices were only up 1% year over year in July as higher interest rates are really putting the pressure on affordability conditions. Existing home prices in Boise as of mid 2026 average $628,715, median $530,000. New construction is $30-40k higher. Basic 3 bedroom, 2 bath, 2 car starter homes start at $389,900. The cheapest condo/townhomes start at $349,900. New homes start at ...
The Boise housing market has been tight for the last decade with strong population growth and lagging new construction. The following chart illustrates the velocity of listings and contract signings each month.
After the great recession in 2008-2009, active listings dwindled in Boise and were outpaced by pending sales for a time, driving home prices up double-digits. This trend reversed in 2022 when interest rates nearly doubled and supply has been slowly trending upward since then. At 1.9-months supply today based on the pace of sales, we are far from a 5-6 month balanced market where prices should be stable or slowly rising. However, inflation and interest rates are a wildcard.
The following chart shows the current breakdown of all homes listed for sale in Boise by age.
Regular sellers of existing homes make up 75% of all homes for sale in Boise. New construction accounts for 25% of current inventory (187). Only 3 foreclosed homes and 1 short sale available.
Below is a line chart showing the history of this breakdown of available inventory of homes for sale in Boise:
This chart clearly illustrates the seasonal nature of the Boise housing market. I see regular sellers of existing homes trending upward each year since covid and the 2022 doubling of interest rates. New construction levels in Boise reached an all-time high this spring with dipping mortgage rates. Going into winter, some builders are offering big rate buy-downs and help with closing costs to move inventory.
To learn more about the Boise Metro real estate markets, see my Market Monitor updated monthly
Call or text me with any questions, my local insights, good local lenders or listings of homes for sale that meet your criteria. And if you need to buy or sell a home, I would like to apply for the job.
