Boise Housing Market, Week of June 22, 2026

Boise Market Pulse

Week of June 22 · from Camille Hubbard's team

Buyers in Boise are finding more choices on the market, especially among resale homes, but that extra selection is coming with a twist. Prices for existing homes just dipped again, while new construction sellers keep pushing their asking prices higher. The gap between old and new is growing, and patience is starting to pay off for buyers who take their time and negotiate.

For sellers, the story is shifting. More homes are competing for attention, and it is taking a bit longer to get an offer. If you are thinking about selling, getting realistic with your price and being open to negotiation is the surest way to stay ahead of the changing market.

Existing homes

The number of resale homes for sale in Boise climbed again this week, up to 1,028 listings. That is a jump of 39 homes compared to last week, and marks the third week in a row that inventory has grown. This steady increase is giving buyers more freedom to find the right fit without feeling rushed.

The typical asking price for these homes slipped to $646,150, down $3,850 from last week. That is a smaller drop than we saw earlier in June, but it keeps the downward trend alive. Sellers are feeling the competition and making small price adjustments to attract buyers. Homes are taking about 24 days to sell, which is just a day longer than last week, so urgency is fading.

Pending sales tell a slightly different story. The median price for homes going under contract actually jumped by $11,000 to $586,000. That suggests buyers are still willing to pay up for homes that check all the boxes, but only after some initial price reductions. There are also more pending sales this week, with 632 homes under contract, up by 13. If you are a buyer, the best deals are still moving quickly, but you have a better shot at negotiating.

New construction

Builders are holding firm on price, with the median list price for a new home now at $699,990. That is up $10,540 from last week and keeps new construction firmly above resale prices. There are 373 brand new homes on the market, a small increase of 3 listings. These homes are sitting for about 60 days before selling, up by 4 days, which shows that buyers are not rushing to snap up new builds.

Pending sales on new construction dipped slightly, with 186 homes under contract, down by 4 from last week. The median days on market for these pending homes is 56, which is actually 6 days faster than last week. That tells me that when buyers do commit to a new build, they are acting a little quicker, possibly to lock in features or incentives before prices climb higher.

The price gap between new and existing homes is getting wider. If you are shopping for a brand new home, you can expect to pay a premium and wait longer for the right fit. If you are selling a resale, you are now competing with more inventory and higher builder prices, so adjusting your strategy is key.

The bigger picture

Mortgage rates are still stuck in the mid-6% range, and all signs from the Fed point to those rates sticking around for a while. That keeps a lid on what most buyers can afford, especially if you are trying to move up or stretch your budget. For now, the extra inventory is good news for buyers who want choices, but it also means sellers have to work harder to stand out.

Inflation and higher construction costs are keeping new-home prices high, even as demand softens. If you are a buyer, this means more room to negotiate upgrades or ask for concessions, especially on homes that have been sitting for weeks. For sellers, pricing right from the start and being flexible in negotiations will get you the best results in a market where buyers are taking their time.

The market is quiet but steady. More listings, slower sales, and a stubborn ceiling on prices mean that both buyers and sellers have to stay realistic. If I had to guess, this summer will reward those who are patient and willing to negotiate, rather than those waiting for a sudden shift. Whether you are buying or selling, understanding these trends will help you make choices that fit your goals.