Boise, ID 83713 Real Estate Market Report

ZIP Code: 83713
Report Date: March 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Boise, ID (ZIP: 83713) is $439,900, indicating a robust market despite the current elevated inventory levels. The neighborhood has experienced a price increase, reflecting strong demand and competitive conditions. With a median listing price of $520,525, there is a notable gap between asking and sold prices, suggesting potential pricing friction as sellers adjust expectations to align with buyer sentiment.

Market velocity appears to be slower, with properties remaining on the market for a median of 316 days. This extended time frame may indicate a cooling in buyer urgency, despite the overall hot market temperature. The local economy, bolstered by tech sector growth and sustained in-migration, continues to support buyer re-entry, although moderate interest rate pressure may be influencing transaction dynamics.

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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 Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Boise, ID, around 6.50% are notably higher than the recent February 2026 lows near 5.875%, meaning property owners missed a short-term refinancing opportunity.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $439,900 reflects strong buyer interest, despite elevated inventory levels.

2. With a median listing price of $520,525, there is significant pricing friction between seller expectations and market reality.

3. Properties are taking a median of 316 days on market, indicating slower sales velocity and potential buyer hesitance.

4. The median market rent of $2,160 suggests a growing rental market, further fueled by rising demand.

5. Overall market conditions are characterized as hot, supported by a positive local economy and ongoing in-migration.

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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.