April 15, 2021 at 1:54pm | Marcie Ellison

With demand for housing continuing to far outpace the number of homes listed for sale - our local remains incredibly competitive. And that fierce competitiveness is continuing to have a strong impact on pricing for both pre-existing/resale and newly constructed homes.

Our goal has always been - and continues to be - to ensure that YOU have access to the information, facts and resources necessary to make informed decisions about your real estate investments. We've got our finger on the Treasure Valley real estate market's pulse. If you've got questions - we've got answers. Let's chat!

Every  month we send out an informative real estate market update. To subscribe to receive the full version of our complimentary, obligation newsletter, please click here. To check out an excerpt from this month's newsletter, keep reading...  

Graphics provided by Boise Regional Realtors. Graphics provided by Boise Regional Realtors.

SUMMARY:  If you group together both existing and newly constructed single-family homes and compare those numbers to the same month one year ago (detailed in the top infographic): inventory decreased 78.8%, the median sales price increased by 27.2% (coming in at $467,325), and homes sold 50% faster than one-year-ago.

If you then examine just existing/resale homes (and remove all the newly constructed homes from the statistics) the general year-over-year trends noted above remain similar: the median sales price increased by 35% (coming in at $475,500), inventory dropped by 77%, homes sold quickly (36.4% faster than one-year-ago), and (due to the previously mentioned low inventory) fewer homes sold (down by 28.8%).

And finally, if you look at just newly constructed homes, the overall trend again remains pretty consistent. New homes are selling for a median sales price of $460,920 and there are substantially fewer of them available than there were one year ago (inventory is down by 80.4%) - and they are selling significantly faster than they were one year ago (by 59%).

Average Sold Price (March 15, 2021 - April 15, 2021) 
  • Boise:  $529,625
  • Eagle:  $839,772
  • Meridian:  $514,273
  • Star:  $578,984
  • Garden City:  $521,070
  • Kuna: $434,294
  • Middleton:  $483,381
  • Nampa:  $388,351
  • Caldwell:  $381,733

View all of our featured listings at Jonna Weber Premier Properties, or click on any of the houses below to learn more about the property.

If you've been considering a move, this would be a great time to connect with us to discuss the current value of your home and to see what's newly available on the market. To discover what your home is currently valued at, simply click here and we will happily provide you with an obligation-free, complimentary home or investment property evaluation.

If you’re hoping to buy, keep in mind that low inventory certainly isn’t the same as no inventory. There are options available, and rates are making mortgage payments more manageable. Click here or call us to discuss what you're looking for. Otherwise, keep reading to learn more about what's happening in Ada County's real estate market.

To subscribe to receive the full version of our complimentary, obligation newsletter, please click here



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