The spring market is here, but it’s not in a rush. Despite more homes hitting the market and pricing holding steady, the usual seasonal urgency has been replaced with a slower start to the season for the Boise Real Estate market.
In Ada County, the median sold price was $546,193, down from $565,000 in March and nearly 2% lower than the $556,500 last year. Canyon County’s median price was $415,000, a 3.5% year-over-year decrease from $429,995.
These modest price shifts don’t signal a downturn, but reflect a more measured spring market. Buyers are weighing decisions more carefully, particularly in the face of rising inventory and steady interest rates. Not all listings are seeing the level of activity typically expected this time of year, and many agents are reporting smaller open house crowds and increased caution, especially among first-time buyers. For many, it comes down to affordability, monthly payments and overall purchasing power continue to influence how and when buyers are willing to move forward.
Months of supply in Ada County remained relatively unchanged from March at 2.18 months and 2.48 months in Canyon County. Inventory levels in both Ada and Canyon counties have remained relatively stable over the past year, consistently averaging around two months of supply. Months of inventory measures how long it would take to sell all current listings at the existing sales pace, assuming no new homes were added. A balanced market typically has 4 to 6 months of supply, favoring neither buyers nor sellers.
The number of new listings coming on the market is growing. With 1,300 new listings in Ada County, April saw the highest number of new listings since June 2022, a sign that more sellers are re-entering the market as conditions continue to normalize. In Canyon County, 649 new listings also came to market, reflecting typical seasonal momentum.
This rise in new listings is easing pressure on inventory, particularly in price ranges or neighborhoods with higher days on market. While we’re not seeing signs of oversupply, there’s more breathing room than in recent years.
The median days on market, or the time it takes to sell a home, rose to 18 days in Ada County in April, up from 14 days a year ago. In Canyon County, homes sold in a median of 32 days, compared to 24 days last April. While the market remains active, the pace has become more measured than in previous spring seasons. Buyers are taking more time to evaluate their options, especially in areas where inventory has grown.
Mortgage rates have remained steady in recent weeks. As of mid-May, the average 30-year fixed rate was 6.76%, slightly below where it was a year ago. While rates haven’t changed significantly, buyer behavior remains rate-sensitive, with noticeable increases in activity when rates drop even slightly.
As we move further into the spring and summer market, inventory is expected to continue rising. Whether you're preparing to sell or entering the market as a buyer, priorities and strategies may need to shift with a changing market. It's important to have the right information to know what’s happening now and be ready to act when the time is right.
By the Numbers: April 2025 Real Estate Market Overview
Median Price: What You Should Know
The median sale price provides a snapshot of home affordability in the market. It represents the midpoint of all home sales, giving buyers an idea of what they might expect to pay. A higher median price typically reflects a more expensive housing market.
Inventory Trends and What They Mean
The number of homes available for sale shows how much choice buyers have in the market. Changes in this number indicate whether inventory is growing or shrinking, which can affect competition and pricing for buyers.
What Days on Market Tell Us About Demand
The average number of days on market measures how long it takes for homes to sell. A lower number suggests a fast-moving market with high demand, while a higher number indicates homes are taking longer to sell, often reflecting lower buyer activity.
Boise Market Trends
- Median list price: $520,000 (down 1%)
- Median sold price: $525,000 (unchanged)
- Average price per square foot: $317 (up 1.3%)
- Total home sales: 245 (down 16)
- Median days on market: 7 (up 1)
- Available homes for sale: 2.27 month supply (up 0.71)
- 30-year mortgage rate: 6.72% (down 0.27)
Treasure Valley Market Trends
- Ada County: $546,193 (down 1.9%)
- Eagle: $807,450 (up 20.5%)
- Garden City: $712,500 (fewer than 10 sales)
- Kuna: $479,990 (up 6.7%)
- Meridian: $529,402 ( down 2.9%)
- Star: $578,251 (up 2.7%)
- Canyon County: $415,000 (down 3.5%)
- Caldwell: $393,995 (down 2.3%)
- Middleton: $451,900 ( down 0.9%)
- Nampa: $414,945 (down 2.1%)
More From Our Blog
Select information in this We Know Boise market report was obtained from the Intermountain MLS (IMLS) on May 10th, 2025. While the data is deemed reliable, it is not guaranteed. City-specific data refers to single-family homes on less than one acre, whereas county-level data includes homesites of all sizes. The "months of supply" metric is based on a 12-month rolling average. Home prices mentioned combine both existing and new construction properties. Comparisons are based on year-over-year changes unless otherwise specified.