Boise Housing Market, Week of August 24, 2026

Boise Market Pulse

Week of August 24 · from Camille Hubbard's team

This week's lean

An even week in the market.

Asking and signing moved together. Neither buyers nor sellers gained real ground.

What moved · resale · vs last week

The full board · vs last week

Signed = went under contract. Days = median time on market for listings, or median time to contract for signed. Exact figures in the story below.

Resale asking prices ticked up this week, but the homes actually going under contract came down. That split is the whole story right now. What sellers hope to get and what buyers are agreeing to pay are moving in opposite directions.

Let me walk you through what the numbers say and what they mean for your next move.

Existing homes

The median asking price for a resale home is $627,960, up $3,380 from last week. Sellers nudged their numbers higher. There are 901 resale homes for sale, down 26 from last week, so supply tightened a bit.

Homes currently for sale have been sitting a median of 33 days, up 2 days. That is how long the resale homes still looking for a buyer have waited.

The pending side tells a different tale. Homes going under contract have a median price of $562,485, down $10,505 from last week. That is a real drop, and it is the number I would pay attention to if you are pricing a home. There are 608 resale homes under contract, up 4. The encouraging part: those homes took a median of just 14 days to go under contract, up 1 day. Priced right, resale homes are still finding buyers in about two weeks.

New construction

Brand new homes run on their own clock. The median asking price for a new build is $629,936, down $11,478 from last week. That is a sizable step down, and it puts new construction asking prices right in line with resale asking prices this week. There are 417 new homes for sale, up 8, so builders keep adding to the shelf.

Homes currently on the market have been sitting a median of 61 days, unchanged from last week. That is roughly twice as long as resale homes are sitting. New builds ask for more patience.

New construction going under contract has a median price of $654,938, down $6,798 from last week. There are 141 new homes under contract, unchanged, and they took a median of 53 days to go under contract, also unchanged. So new builds still command a premium once they actually sell, even though their asking prices came down this week.

The bigger picture

Borrowing costs remain the main character. The 30-year fixed averaged 6.66% as of August 27, per Freddie Mac. That keeps your monthly payment elevated even when a sale price slips. A lower price does not always mean a lower payment when rates sit here.

There is talk of a possible small rate increase at the Fed's September meeting, and forecasters expect rates to hold in roughly the same range through year-end. If I had to guess, I would budget around today's rate rather than count on relief before 2027. Plan for the payment you can see, not the one you are hoping for.

There is one more thing worth knowing. More than 82% of homeowners with a mortgage still hold a rate below 6%. That keeps a lot of would-be sellers parked where they are, which is part of why inventory stays lean here.

For sellers, the gap between asking prices and pending prices tells me buyers are being selective. Price to what is actually closing, not what is listed down the street. For buyers, resale homes going under contract in about two weeks means the well-priced ones still move quickly. Know your true monthly number before you shop. If you want to talk through your specific situation, I am always glad to help.