Boise, ID 83705 Real Estate Market Report

ZIP Code: 83705
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in Boise, ID (83705) is characterized by a median sold price of $396,500, reflecting a slight downward trend in home values. The neighborhood has decreased 8% since 2022, indicating a shift in buyer sentiment and market dynamics. The median listing price stands at $379,900, suggesting that sellers may be adjusting expectations in response to the current market conditions.

Market activity shows median days on market at 794, which suggests slower sales velocity and elevated inventory levels relative to sales activity. This trend may indicate a more cautious approach from buyers, as the market temperature is currently classified as neutral. The median price per square foot is reported at $307.63, providing insight into pricing strategies as sellers navigate this evolving landscape.

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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.

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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.

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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.

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Property Taxes

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Liquidity & Velocity

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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.

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Key Findings

1. The median sold price of $396,500 indicates a decrease in home values over the past year.

2. With a median days on market of 794, the market is experiencing slower sales velocity and extended listing periods.

3. The median listing price of $379,900 suggests that sellers are adjusting their expectations to align with current buyer sentiment.

4. Elevated inventory levels relative to sales activity may lead to pricing friction as buyers have more options to choose from.

5. The median market rent of $1,841 continues to trend up, indicating potential strength in rental demand despite the overall market cooling.

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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.