Boise Real Estate Blog

Boise Idaho Real Estate Over The Past Five Years!

We’ve had a wild ride in the Boise Idaho (Ada County) real estate market over the past five years!

Here’s an interesting analysis of the Boise Idaho real estate market from 2015 through 2019.

Available Homes

• 2015: 1,753
• 2019: 1,261
• % Change: -28.1%

Average Asking Price

• 2015: $340,988
• 2019: $512,413
• % Change: +50.3%

Average Sales Price

• 2015: $265,502
• 2019: $405,250
• % Change: +52.6%

Median Sales Price

• 2015: $232,000
• 2019: $350,000
• % Change: +50.9%

Pending Sales

• 2015: 952
• 2019: 1,182
• % Change: +24.2%

Closed Sales

• 2015: 9,620
• 2019: 11,575
• % Change: +20.3%

Five-Year Summary

• Our listing inventory has declined by 28.1%%.
• Our average sales price has increased by 52.6%
• Our median sales price has increased by 50.9%.
• Our home prices have risen dramatically due to strong demand, low listing inventory, increased new home sales, higher land costs, higher construction costs, and attractive interest rates.

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Are  you interested in buying a Boise Idaho home?

Considering selling your Boise Idaho home?

I work with a limited clientele to ensure a high level of personal service!

Call me at (208)938-5533 or e-mail me for your FREE initial consultation!

You will NOT be handed off to an inexperienced junior team member!

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Data pertains to Ada County single-family homes on lot or acreage.

Data does not include condo or townhome properties.

Data comparisons pertain to the end of each year.

Percentages rounded to the nearest one-tenth of one percent.

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