Boise ID Market Report for August 2018

real estate market report

Boise ID real estate market is booming.  Home prices in Boise ID continue to rise.  In August, the median sales was $308,600 compared to $262,500 a year ago, increase of 17,6 percent.  The growing demand for homes and high cost of new construction, thus higher prices of new homes, are the main reason for real estate price increases in Boise.  Home prices in other parts of Ada County have also gone up.  Eagle median price went up by 16.3 percent, Meridian by 21.8 percent, Star by 17.1 percent.

If you’re thinking about selling your home, call (208)918-5007 or click here for a Free home evaluation

Boise home sales volume decreased by 16.9 percent, hampered by limited inventory, especially in lower price points.

Boise Market Report - August 2018

BoiseAugust 2018August 2017% Change
Median Sales Price$308,600$262,50017.6%
Closed Sales442532-16.9%
Real estate market report for Boise, price and volume changes compared to 12 months ago
Data from the IMLS and Realtors Property Resource

Boise metro area is quite diverse, with property prices ranging from $100,000s to the luxury market.  There is a piece of real estate here for every budget. Find out more here about Boise Idaho real estate, search by price, area, property type, community, 55+ homes.  Contact us for a no obligation consultation and let us help you find your new home in Boise Idaho.

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