By Good News Realty Group| Boise Housing Market May 2025
April 2025 Data | Published May 2025
Local Market Overview
The housing market in Ada and Canyon Counties continues to evolve under the pressure of shifting inflation, construction costs, and buyer demand. While inflation has slowed and interest rates remain steady, the local real estate scene reveals a complex mix of opportunity, uncertainty, and urgency—particularly for those looking to buy or sell in the Treasure Valley.
This report brings together the latest local data from April 2025 and national economic indicators to give a clear, balanced picture of what’s happening right now in Boise and surrounding areas.
Economic Context: Inflation, Rates, and Builder Pressure
- Inflation fell to 2.3% in April, its lowest point in four years (U.S. Bureau of Labor Statistics).
- The Federal Reserve is holding interest rates steady at 6.75%, signaling caution due to global trade policy uncertainty.
- Builders face rising material costs, with tariffs adding about $9,200 per new home, according to NAHB. This hits Idaho especially hard—40% of listed homes are new builds, far above the national average of 17.5%.
Ada County Housing Market – April 2025
| Metric | April 2025 | Month-over-Month | Year-over-Year |
|---|---|---|---|
| Median Sale Price (All Homes) | $545,821 | ↓ 1.7% | ↓ 3.4% |
| Resale Median Price | $525,000 | ↓ 2.8% | ↓ 3.5% |
| New Construction Price | $574,990 | ↑ 0.9% | ↓ 5.9% |
| Homes Sold | 742 | ↑ 9.9% | ↓ 1.7% |
| Inventory | 1,890 | ↑ 22.2% | ↑ 35.6% |
| Days on Market (Avg) | 40 | ↓ 13% | ↑ 8.1% |
Key Observations:
- Homes over 20 years old are gaining popularity. In April, they sold faster (average 20 days on market) and in higher numbers than newer homes.
- Inventory for resale homes increased across all age groups, especially older homes (up 53% for those aged 51–80 years).
- New construction homes under contract are largely outside Boise, concentrated in Meridian and Star.
- Pending sales rose 8.1% YoY, with new homes comprising 41% of all contracts.
Canyon County Housing Market – April 2025
| Metric | April 2025 | Month-over-Month | Year-over-Year |
|---|---|---|---|
| Median Sale Price (All Homes) | $415,000 | ↓ 2.4% | ↓ 3.5% |
| Resale Median Price | $384,990 | ↓ 2.5% | ↓ 4.1% |
| New Construction Price | $437,831 | ↓ 0.8% | ↓ 2.7% |
| Homes Sold | 495 | ↑ 26.6% | ↑ 15.4% |
| Inventory | 1,135 | ↑ 8.5% | ↑ 19.1% |
| Days on Market (Avg) | 48 | ↓ 9.4% | ↓ 4.0% |
Key Observations:
- Resale homes are performing well, particularly those 20+ years old, which now account for a growing share of sales.
- Homes under construction sold quickly despite a 7% drop in price.
- Pending sales remained level compared to March. Most future closings involve new builds (62% of all contracts), with 70% not closing until after May.
View Full Canyon County Report →
Buyer and Seller Takeaways
For Buyers
- Inventory is increasing, giving you more choices—particularly in the older home segment.
- Interest rates are steady, but unpredictable. Locking in now may protect you from future hikes.
- New builds may carry additional costs due to rising construction expenses.
For Sellers
- Demand is shifting toward older resale homes, which are seeing quicker turnarounds.
- With inventory rising, timing and pricing strategy are critical. Overpricing can cost you valuable time on the market.
- Multiple offers are still possible, especially for homes in move-in-ready condition or established neighborhoods.
Idaho Market Housing Outlook
Boise’s real estate market has cooled from the explosive growth seen in prior years, but it remains active and competitive in key segments. With most inventory still under the 4–6 month benchmark for a “balanced” market, conditions continue to slightly favor sellers, although that margin is narrowing.
- Ada County Months Supply of Inventory (MSI): 2.7
- Canyon County MSI: 2.9
Expect some price fluctuations over the next 3–6 months, especially if national interest rate or employment trends shift.
Frequently Asked Questions About The Idaho Housing Market
🏡 Are housing prices coming down in Idaho?
Not significantly. The average home value in Idaho is $475,487, reflecting a 1.8% increase over the past year . In Boise, the median sale price for single-family homes in April 2025 was $525,000, showing no change compared to the same period last year.
💰 Is now a good time to buy a house in Idaho?
It depends on your circumstances. While home prices are rising slowly and inventory is increasing, mortgage rates remain around 6.6% . If you’re financially prepared and find a suitable property, it could be a good time to buy.
🏘️ Is there a housing shortage in Idaho?
Yes. Idaho faces a significant shortage of affordable housing, particularly for renters with the lowest incomes . Rapid population growth has outpaced housing development, leading to increased prices and limited availability.
📊 What is the average housing price in Idaho?
As of May 2025, the average home value in Idaho is $475,487.
🔥 What is the hottest real estate market in Idaho?
Boise remains a highly active market, with homes going to pending in around 18 days . Other growing markets include Meridian and Coeur d’Alene, driven by population growth and demand.
📉 What month do home prices drop?
Historically, February tends to have the lowest home prices in Idaho, with homes averaging $16,523 less than the median listing price.
💸 Why is Idaho becoming so expensive?
Factors include an influx of out-of-state buyers, limited housing supply, and relatively low wages compared to housing costs.
💵 Where is the cheapest place to live in Idaho?
Rupert is noted as the most affordable place to live in Idaho, with a cost of living index 8% below the state average . Other affordable cities include Pocatello and Idaho Falls.
🌟 Where is the best place to live in Idaho?
Top-rated places include Boise neighborhoods like North End and Boise Heights, as well as cities like Meridian and Idaho Falls, offering a balance of amenities, safety, and affordability.
📈 Why is Idaho rent so high?
High demand, limited rental inventory, and population growth have driven up rental prices, especially in cities like Boise.
🔮 What are the chances of house prices dropping?
Unless there’s a significant economic downturn, home prices in Idaho are expected to remain stable or continue rising slowly.
🗓️ What month is it best to buy a house?
February often offers the lowest prices, while fall and winter months may provide better negotiation opportunities due to lower competition.
🧭 Is it a good idea to move to Idaho?
Idaho offers economic opportunities, a high quality of life, and natural beauty. However, consider the rising cost of living and housing affordability challenges before making a decision.
📉 What time of year are houses cheapest?
Homes are typically cheapest in February, with potential savings of over $16,000 compared to the median listing price.
🏚️ What state has the worst housing shortage?
Nevada has the most severe shortage, with only 17 affordable and available homes for every 100 extremely low-income renters.
🚚 Why are so many people moving out of Idaho?
Reasons include the desire to be closer to family, rising housing costs, and changes in lifestyle preferences.
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