More Homes, Lower Prices? Boise Housing Market Update You Need to See – May 2025
- Sarah Breck
- May 20
- 3 min read
Welcome to your Boise housing market update for May 2025! Whether you're a buyer, seller, or just keeping tabs from your couch with Zillow open in another tab, this month’s data has some surprising twists—and smart takeaways. Let’s dive into what’s really happening in Boise real estate right now.
The National Picture: What’s Shaping the Market?
Before we zoom in on Boise, here’s what’s happening nationally:
Inflation slowed to 2.3% in April—the lowest in four years—thanks to declining gas and grocery prices.
The Federal Reserve paused interest rate hikes, which has stabilized mortgage rates.
New tariffs on building materials may increase the cost of new construction homes by $9,000+.
Why does this matter to us? Because new construction makes up 40% of Boise’s listings, compared to just 17% nationally. That means Boise buyers and sellers feel these changes more directly.
Boise's Economic Pulse – Still Strong
Locally, Idaho’s unemployment rate holds steady at 3.7%, and though job growth has eased, we’re still seeing gains in:
Manufacturing
Professional services
Tech & business education investments
A major boost? The College of Western Idaho just announced a new downtown Boise campus, which could increase housing demand near the city center over time.
Boise Housing Market Update – May 2025 Breakdown
Let’s break down the latest numbers in Ada County real estate:
📉 Home Prices
Median Sales Price: $545,821
Year-over-Year Change: ↓ 1.7%
Don’t panic—this isn’t a crash. Prices are adjusting gently, and that’s opening doors for buyers. The biggest dip came from resale homes under 5 years old, which dropped 26% in median price—but those homes were also 7% smaller on average.
📈 Sales & Pending Contracts
Homes Sold in April: 742 (↑ from March)
Pending Homes: 1,342 (↑ 8% YoY)
The biggest surge? Homes 21–50 years old, with some categories up over 60% month-over-month. Buyers are warming up to homes with charm and character again.
🏗️ Inventory & Market Speed
Total Active Listings: 1,890 (↑ 35% YoY)
Average Days on Market: 40
Older Homes: ~20 days
New Construction: ~22 days
More inventory + faster sales = an active market with real opportunity—especially for buyers who know what to look for.
🧠 Quick Market Stats Recap:
Median Price: $545,821 ↓
Homes Sold: 742 ↑
Pending Sales: 1,342 ↑
Inventory: 1,890 ↑
Days on Market: Avg. 40 (but 20 for older homes)
Market Lean: Still slightly in seller territory (MSI: 2.7)
What This Means for Buyers
Now’s your window. Here’s why:
More inventory = more options
Softening prices = better value
Motivated sellers = room to negotiate
If you’re okay with homes that aren’t brand new, there’s great value in older resale homes. Also, consider jumping on new construction now before builders raise prices to offset increased material costs.
Need help navigating this? Book a buyer consultation today.
What This Means for Sellers
Sellers, the sky isn't falling—but pricing strategy matters more than ever. Here’s what’s working:
Homes that are well-priced and prepped are still selling quickly.
The sweet spot? 20–50 year-old homes with solid bones and good updates.
With buyer activity on the rise, now’s the time to get your home market-ready and take advantage of increased foot traffic.
Want a free home valuation or staging tips? Schedule your seller strategy session now.
Stay Ahead of the Boise Market
That wraps up your Boise housing market update for May 2025! Whether you're buying, selling, or just strategizing, staying informed is your best advantage.
👉 Sign up for monthly Boise market updates
👉 Ready to take action? Book a free consult here
If you found this helpful, please share it with a Boise friend or colleague. And remember—in this market, timing and strategy are everything.
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