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Boise Housing Market Update | September 2025

If you’ve been keeping an eye on the Boise housing market, you know things are moving fast. From national recognition for new construction to a Federal Reserve rate cut in September, there’s a lot happening that could impact buyers, sellers, and investors here in Idaho. Let’s dive into the August numbers from Boise Regional REALTORS® (BRR) and break down what they mean for you.


Boise Ranks #2 in the Nation for New Construction


According to Realtor.com, Boise was named the #2 metro area in the U.S. for new home construction. Out of more than 100 metro areas studied, Boise stood out because of:

  • A large number of new homes currently listed for sale

  • Prices that haven’t skyrocketed alongside that new construction


This national recognition shows Boise is still on the radar for buyers looking for affordable new builds compared to other markets.


Mortgage Rates Hit 11-Month Low


Big news for buyers: mortgage rates dipped to around 6.35% in early September, hitting an 11-month low after weak jobs data and stubborn inflation.


On September 17, 2025, the Federal Reserve cut its benchmark interest rate by a quarter of a percent, marking its first cut since December 2024. The move was designed to support a weakening job market, and Fed officials signaled the possibility of more cuts later this year.


👉 Translation: Buyers may see improved affordability, and it’s worth checking in with your lender to see how these changes impact your monthly payment.


Local Housing & Development Updates


Here in the Treasure Valley, cities are making moves to expand housing and commercial growth:

  • Caldwell annexed Farmway Village, adding more affordable housing for Canyon County farm laborers.

  • Homedale broke ground on a new commercial development.

  • Downtown Boise cut the ribbon on a brand-new affordable apartment complex with 102 units for households earning 30–80% of the area median income (roughly $109,000 for a family of four).

These projects highlight the ongoing need for affordability options and the region’s commitment to keeping up with demand.


Boise Housing Market Stats | August 2025


Here’s a snapshot of the latest Boise real estate market trends:


Median Sales Price (MSP)

  • $559,990 (+3.7% YOY | +1.8% MOM)

  • Boise prices increased from July to August, while Meridian, Kuna, and Eagle saw slight declines.

  • Higher sales in Eagle and Kuna contributed to the overall price rise.


Days on Market (DOM)

  • 41 days (+5.1% YOY and MOM)

  • Older resale homes (20+ years) are selling the fastest, averaging just 20 days in Boise.


Homes Sold

  • 829 homes sold (+14.7% YOY | -7.8% MOM)

  • Sales slowed mostly in resale homes across Boise, Meridian, and Star.

  • Older resale homes saw the largest drop in sales volume.


Inventory

  • 2,213 homes (+20.5% YOY | +0.6% MOM)

  • Centerville in Meridian had the most inventory (37 homes), with many priced under $500K and some already reduced.

  • About 30% of new inventory came from resale homes over 20 years old.


Pending Sales

  • 1,141 homes pending (-2.1% YOY | -3.2% MOM)

  • 53% are set to close in September, up slightly from last month.

  • Nearly 40% are older resale homes, showing sustained demand in that segment.


Months Supply of Inventory (MSI)

  • 3.0 months — still a seller’s market, but edging toward balance.


Expert Insight


Elizabeth Hume, 2025 BRR President, summed it up:

“Median prices rose in August as higher-priced sales in Eagle, Kuna, and Boise lifted the overall market. Even with fewer sales, older resale homes remain in strong demand, selling quickly and making up a large share of pending closings. A REALTOR® can help you navigate these shifts with confidence.”

What This Means for Buyers & Sellers


  • For Buyers: With rates easing after the Fed cut, affordability may improve. Be prepared to act quickly, especially on older resale homes that are still moving fast.

  • For Sellers: Price and presentation are critical. Even with higher median prices, buyers remain selective, and homes that linger often face price reductions.

  • For Investors & Market Watchers: Boise’s strong showing in new construction and ongoing local development means the Treasure Valley continues to be a market to watch.


Final Thoughts


The Idaho housing market is evolving quickly, with national recognition, local development, and mortgage shifts all playing a role. Whether you’re planning to buy, sell, or simply stay informed, having the right strategy matters more than ever.


Boise Female Realtor

📞 Ready to discuss your next move in the Boise area?


Contact me at sarahbreckrealestate@gmail.com or call 208-918-0265. I’ll help you navigate today’s market with clarity, confidence, and maybe even a laugh.


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