Boise Housing Market, Week of June 1, 2026

Boise Market Pulse

Week of June 1 · from Camille Hubbard's team

Sellers with existing homes are finally seeing some price relief, but buyers shouldn’t expect a sudden flood of bargains. The number of resale homes for sale keeps climbing, and the typical asking price actually moved up this week. Meanwhile, new construction is quietly losing steam. Fewer brand new homes are hitting the market, and both buyers and sellers are waiting longer for deals to come together. The gap between what sellers want and what buyers will pay is widening, especially on new builds.

If you’re buying, you have more homes to choose from than you did a month ago. But if you’re selling, especially in the resale market, you’re facing more competition and a need to stand out. The market is steady, but it’s taking more work on both sides to make a deal happen.

Existing homes

Resale homes in Boise are seeing both more inventory and a higher median list price this week. There are now 924 existing homes on the market, up by 36 from last week. That’s another jump, and it means buyers have their pick of the bunch. The typical asking price for a resale home is now $675,000, which is up $12,505. For sellers, this may feel encouraging, but the higher inventory means you can’t assume a quick sale. The typical resale home is selling after just over three weeks on the market, a bit faster than last week.

Pending sales tell a slightly different story. The number of resale homes going under contract is down by 16, and the median price for those homes budged down just $100 to $574,900. Most of these deals are happening quickly, with buyers snapping up homes that are priced right in about eight days. If you’re selling, this shows how critical it is to price competitively from the start. Buyers are quick to act, but only on homes that feel like a good value.

New construction

The new construction market is cooling off. There are 389 brand new homes for sale, down by eight from last week. Prices for new builds held steady at $674,900, but homes are sitting longer. The typical new build now takes 53 days to sell, which is three days longer than last week. Pending sales are even softer. The number of new builds going under contract dropped by five, and the median price for those deals slid $6,960 to $614,990. It’s now taking about 54 days for a new build to go pending.

The clear takeaway is that builders and buyers are both holding out. Builders aren’t dropping prices on listed homes, but buyers are negotiating lower deals when a sale actually happens. If you’re shopping new construction, you may find more room for negotiation, especially on homes that have been sitting for several weeks.

The bigger picture

Mortgage rates are still hovering around 7%, which keeps monthly payments high and limits how far buyers can stretch. The Federal Reserve’s decision to hold rates steady means borrowing costs aren’t coming down any time soon. That’s pushing more buyers to focus on value and to negotiate harder, especially in established neighborhoods like the North End or Harris Ranch.

At the same time, higher material costs are slowing down new construction starts, especially in places like Eagle and Star. This keeps the supply of brand new homes tight, even as the ones already built take longer to sell. If you’re hoping for a wave of new inventory or a big drop in prices, it’s not here yet. Instead, the market is steady, with sellers needing to price realistically and buyers having a bit more leverage.

The Boise market isn’t racing ahead or falling off a cliff. There’s a little more breathing room for buyers, and sellers have to be thoughtful about pricing and presentation. If you’re patient and flexible, you can still make a move that fits your life, rather than chasing the headlines.