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Boise Valley housing market

If you build it, they will come [to Boise].

That is proving to be the current reality in Boise Valley and elsewhere in Idaho, too. New neighborhoods are emerging virtually overnight. Small infill projects are taking shape in areas that were previously overlooked. And out-of-state buyers are finding Boise is a great place to call home. To accommodate the influx, developers and builders are creating more housing options than in years past. In fact, Idaho leads the nation in single family permits, posting a 101.6 percent increase from January 2017 to January 2018, as reported by recent U.S. Census Bureau Data referenced in an IdahoRealtors.com post. New home prices are on the rise, too. Ada County Association of Realtors (ACAR) reports the 2017 median price for a new construction home in Ada County at $339,241. Their February report reflects that median price increased to $362,587 in only two months.

To read the IdahoRealtors.com post: click here

ACAR Housing Stats for January 2018

ACAR key stats for January 2018:

  • 605 Homes Sold in January 2018
  • 1,213 Active Listings
  • $279,900 was the Median Price
  • 41 was the Average Number of Days on Market

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