Boise, ID 83714 Real Estate Market Report

ZIP Code: 83714
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Boise, ID is $642,750, reflecting a stable market environment with modest price appreciation. This price point indicates a market that has not experienced significant fluctuations recently, as the price year-over-year trend is reported as flat. The current market conditions suggest a balance between supply and demand, although the elevated inventory levels may indicate a slight cooling in buyer urgency.

With a median days on market of 283, properties are taking longer to sell, which may suggest a slower sales velocity. However, the favorable interest rates, averaging 6.60%, are likely supporting continued buyer interest, contributing to a neutral to slightly warm market temperature. Overall, while the market shows signs of stability, the excess supply relative to sales activity indicates that sellers may need to adjust expectations to align with current buyer sentiment.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Boise, ID are averaging 6.60% compared to an average of 5.61% when loans originated in early 2026.

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 $642,750 indicates a stable market with no significant price fluctuations recently.

2. Properties are taking an average of 283 days on market, suggesting a slower sales velocity and potential pricing friction.

3. The median listing price stands at $814,900, which is notably higher than the median sold price, indicating a gap that may require seller adjustments.

4. The market temperature is currently neutral, reflecting a balance between supply and demand despite elevated inventory levels.

5. The median market rent is $1,841, which has shown an upward trend year-over-year, indicating growing rental demand.

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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.