Boise Housing Market, Week of August 3, 2026

Boise Market Pulse

Week of August 3 · from Camille Hubbard's team

This week's lean

The market held its breath this week.

Neither side gave much ground. Prices and pace stayed close to where they were last week.

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.

Prices slipped a little across the board this week. Nothing dramatic, but the direction is clear. Both new and resale homes came down, and that keeps the pressure on sellers to price for today's buyer.

Here is the short version. If you are buying, you have room to negotiate. If you are selling, the market rewards realistic pricing and patience.

Existing homes

Resale homes are where most Boise buyers and sellers are living right now. The median asking price for an existing home is $623,130, down $8,830 from last week. That is a real move, not a rounding error, and it tells me sellers are adjusting to what buyers are actually willing to pay.

There are 930 resale homes for sale, up just 2 from last week. Supply is basically flat, so this is not a flood of new listings. Homes currently for sale have been sitting a median of 31 days, which is 4 days shorter than last week.

On the pending side, homes going under contract have a median price of $574,700, down $1,670. The number of homes under contract dropped by 13 to 630. The homes that did go under contract took a median of 15 days to get there, one day longer than last week. Bottom line: resale homes that are priced right are still finding buyers, and finding them fairly quickly.

New construction

Brand new homes tell a different story. The median asking price for a new build is $652,990, down just $401 from last week. Builders are holding their asking prices steady, unlike the resale side where prices moved more.

There are 376 new homes for sale, down 19 from last week. Homes currently on the market have been sitting a median of 63 days, unchanged from last week. That is roughly twice as long as resale homes are sitting, which is worth remembering if you are weighing new versus resale.

The pending numbers are where the softening shows. New construction homes going under contract have a median price of $648,659, down $11,880 from last week. That is a big drop, and my take is that builders are getting more flexible once a buyer is at the table, even while sticker prices stay firm. There are 158 new homes under contract, up 1, and they took a median of 57 days to go under contract, 4 days faster than last week.

The bigger picture

Borrowing costs are still the main character. The 30-year fixed averaged 6.69% as of August 6, per Freddie Mac. That is higher than a year ago, and it means your monthly payment stays elevated even when sale prices slip. A lower price does not always translate to a lower payment when rates are here.

The Fed left its benchmark rate unchanged at its late July meeting, and there is talk of a possible small increase in September. I would not count on relief from rates in the near term. For sellers, that means the buyer pool stays selective. For buyers, it means budgeting around today's rate, not the one you wish you had.

The good news is Boise's underlying draw has not gone anywhere. People keep moving here, jobs are steady, and homes that are priced for current conditions are still trading. If you are selling, listen to the feedback and price to reality. If you are buying, negotiate with confidence but know your true monthly number. Careful moves are still good moves right now. If you want to talk through your specific situation, I am always happy to help.