Boise, ID 83706 Real Estate Market Report

ZIP Code: 83706
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 (ZIP: 83706) is characterized by a median sold price of $480,500, reflecting a stable market with modest price appreciation. The neighborhood has increased 15% since 2023, indicating a positive trend in property values. Despite elevated inventory levels, the market remains relatively tight, suggesting a balance between supply and demand, which supports ongoing seller advantages in pricing negotiations.

The median days on market stands at 390, indicating a slower sales velocity, which may suggest buyers are taking more time to make purchasing decisions. The median listing price of $534,900 shows a notable gap compared to the sold price, indicating potential pricing friction as sellers adjust expectations in response to market conditions. Overall, the market temperature is neutral, reflecting a stable environment for both buyers and sellers, supported by positive local economic factors such as job growth and in-migration.

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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

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.

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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 is $480,500, reflecting a strong market trend with a 15% increase since 2023, indicating growing demand.

2. With a median listing price of $534,900, there is a notable gap compared to the sold price, suggesting pricing friction in the market.

3. The median days on market at 390 indicates a slower sales velocity, as buyers are taking longer to finalize decisions.

4. The median market rent is $2,000, which may indicate increasing rental demand in the area.

5. The market temperature is classified as neutral, suggesting a balanced environment for transactions.

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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.