Boise, ID 83702 Real Estate Market Report

ZIP Code: 83702
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

In April 2026, the housing market in Boise, ID (ZIP: 83702) is characterized by a median sold price of $749,400, reflecting a stable market environment. The neighborhood has increased up since 2023, indicating a positive trend in property values. The market is experiencing a neutral temperature, suggesting balanced conditions between buyers and sellers, with moderate transaction volume observed.

Despite the elevated inventory levels, the median listing price stands at $839,900, indicating a pricing gap that may suggest seller expectations are higher than current market realities. The median days on market is notably long at 364 days, which may indicate slower sales velocity and potential pricing friction as buyers navigate the market. Overall, the combination of these factors suggests a market that is warming but still requires careful navigation by potential buyers and sellers alike.

---

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

---

Property Taxes

---

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

---

Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

---

Key Findings

1. The median sold price of $749,400 indicates a stable market with positive price movement since 2023.

2. With a median listing price of $839,900, there is a notable pricing gap that may suggest pricing friction in the market.

3. The median days on market of 364 days points to slower sales velocity, which may affect buyer engagement.

4. The market temperature remains neutral, indicating balanced conditions between buyers and sellers.

5. The median market rent is $2,159, reflecting a rising rental demand in the area.

---

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.