2025 Housing Market Recap | Boise and National Trends
The 2025 housing market was defined by a slow but steady shift toward balance. Nationally, existing home sales hovered near historic lows, with just over 4.2 million transactions completed.
High mortgage rates—averaging around 6.8%—kept many buyers and sellers on the sidelines. Still, prices held firm in most regions. The U.S. median sale price ended the year near $433,000. First-time buyers made up only 21% of purchasers, while all-cash deals rose to record levels, a sign that affordability continued to challenge traditional buyers.
Inventory improved nationwide, giving buyers more options and leverage—especially as mortgage rates eased late in the year. In Ada County at year-end, the median sales price rose to $562,000, up 7% year-over-year and 2.2% month-over-month.
Resale homes averaged $537,500, while new construction jumped to $599,000, with the strongest price growth found in homes built 21–50 years ago. Homes took longer to sell, averaging 49 days on market—up 17% from the previous year—while nearly all pending resale homes reflected price reductions, particularly those built within the last decade.
Despite slower sales in the final months of the year, inventory grew by more than 24% with over 1,000 new homes on the market and modest price cuts becoming more common. While many buyers remained cautious, and sellers had to adjust expectations, the market ended 2025 with more balance than it began—a welcome shift for those on both sides of the transaction.
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1101 W. River St, Ste 340, Boise, ID