Boise Home Prices Are Falling Slightly – Here's Why

Feeling Stuck in the Market? You’re Not Alone.

If you’re wondering whether now is the right time to buy or sell a home in Boise, you’re not alone. The market is full of mixed signals—home prices are shifting, some properties sell overnight while others sit, and interest rates are holding steady but not exactly low.

So... is this a buyer’s market or a seller’s market?

Let’s break it down.

📊 April 2025 Market Snapshot: Ada & Canyon Counties

We’re now in May 2025, the peak season for buying and selling in the Treasure Valley. Activity is up—but pricing trends are showing a shift.

📍 Ada County:

• Closed Sales (April): 742 (up from 675 in March)

• Median Home Price: $545,821

• Year-over-Year Price Change: ↓ 2%

📍 Canyon County:

• Closed Sales (April): 495 (up from 391 in March)

• Median Home Price: $415,000

• Year-over-Year Price Change: ↓ 3.5%

🎯 Takeaway: More homes are selling, but sellers are adjusting their expectations. This is a calibrating market, not a crashing one.

🏗️ Why New Construction Is Leading the Market

If it feels like new homes are flying off the shelves, it’s because builders are offering massive incentives—and buyers are noticing.

Builder Incentives Right Now:

• $10,000–$40,000 in perks

• Rate buy-downs

• Closing cost credits

• Free upgrades or design bonuses

💡 Why it matters: Buyers are opting for move-in-ready homes with lower maintenance and financial perks, especially when resale homes are outdated or overpriced.

🏠 What’s Happening with Resale Homes?

It’s not all doom and gloom—if your home is priced right and in a desirable neighborhood, it can still sell fast. But here’s the truth:

• Overpriced homes? They’re sitting.

• Updated homes priced competitively? Still going under contract in days.

• Sellers who test the market with a high price? Often left adjusting later.

💬 Sellers can’t compete with $20K builder incentives—but they can price smart and prep their home to stand out.

🔄 Selling & Buying at the Same Time?

Here’s the good news:
If you're selling and buying, the market may balance itself out.

You may not get top dollar on your sale—but you might gain serious leverage on your next home, especially if it’s new construction.

Let’s create a strategy that makes the transition smooth and financially smart.

🛒 What Buyers Should Know Right Now

• You have options. Inventory is growing.

• Builder incentives can lower your monthly payments.

• Mortgage rates are stable—but incentives can make a bigger impact on affordability than waiting for rates to drop.

💡 Resale deals are still out there—just make sure you’re working with someone who can negotiate effectively and spot overpricing.

📅 Timing Matters: Spring to Early Summer is Go Time

We’re in the prime window for both buyers and sellers:

• Listings are increasing

• Buyer activity is high

• Competition is rising

But here’s the thing—by late summer, the market tends to cool. Prices stabilize or even dip going into the fall. If you’re serious about moving in 2025, now through July is your best bet to act.

🧠 Expert Insight from a Construction Pro

I’m Curtis Chisholm with eXp Realty—real estate expert, relocation guide, and construction management master's degree holder from USC.

With years of experience helping buyers and sellers across Boise, Meridian, Eagle, and Nampa, I know how to:

• Identify builder incentives and hidden deals

• Help resale sellers prep and price for maximum visibility

• Navigate complex move-up and move-down scenarios

Final Thoughts

This isn’t 2020. It’s not 2023. It’s 2025—a balanced market with opportunity on both sides of the table. The key? Information, strategy, and guidance.

So whether you're on the buying or selling side—or both—let’s connect. I’ll help you make the smartest move possible in the Treasure Valley.

Ready to Make a Smart Move?

Whether you're:
✅ Buying your first home
✅ Selling a home and upgrading
✅ Moving to Boise from out of state
✅ Exploring new construction vs resale options

...I’m here to help you create a strategy that fits your goals and protects your bottom line.

📞 Call or Text Curtis at (208) 510-0427
📧 info@chismteam.com
📥 Ready to relocate remotely? Download our Boise Relocation Guide