I had a client (you know who you are) ask me today what the median home price is for the Meridian area. I didn’t know it right off hand, so I thought that I’d look. It would be a waste of information if I didn’t share it with you so here goes:
The Median Home Price For Homes For Sale In Meridian
- Active (For Sale): $179,900
- Sold: $170,000
The Median Home Price For Homes For Sale In Boise
- Active (For Sale): $185,000
- Sold: $165,100
Obviously not very good news for those who might be trying to get their home sold (unless you bought it prior to the boom).
As far as Ada County is concerned the 3rd quarter median price for a home is $168,900 down 17.61% from the same time last year! Wow. Only time will tell if the free fall of prices has stopped. Lets hope it has!
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Are you seeing median home prices rise in 2010? We have all been hit hard. It has to turn around sooner or later. Hang in there.