Kuna Idaho Home Values

Kuna Idaho Home Values
83634

When people think of Kuna, three things normally pop into their head: Swan Falls & the Snake River, Birds of Prey National Conservation Area and Kuna Days in the summer. Over the last couple of years, the vibe of Kuna has gone from off the beaten path to having major retail stores opening doors. Kuna has transformed from an agricultural-centric town into a city in its own right. New subdivisions are also popping up all over including several that will bring hundreds of homes for sale. Demand for great communities and less expensive homes has many people searching in Kuna for homes that are convenient to the rest of the Treasure Valley.

Kuna Idaho Real Estate Market Snapshot

 

386500

Median Price

95010

1 Year Appreciation

274500

10 Year Appreciation

23694

Kuna Population

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Kuna Home Prices Breakdown

 

  New Construction Existing Homes
Kuna $348,000 $302,500
Southwest Meridian $449,900 $462,500
*source Intermountain MLS

 

Kuna has seen incredible growth in the price of homes. It is south of Boise but the appeal of country living in a growing community is strong. Homes for sale in Kuna are now receiving multiple offers on average and sell in around 17 days now compared to 46 the previous year. The median sale price of a home in Kuna was $279,900 in 2020, up 21.70% from 2019. 

 

Kuna Real Estate Market Profile

Kuna Median Home Price Trends

 

History of Kuna Home Values Graph

Check out the charts below and see how home values have changed over the last 15 years. These charts depict the Kuna MLS area and lines track NEW compared to EXISTING Median Home Values by a quarter since the year 2005.

Kuna Idaho Home Values

The Kuna real estate market seemed to bottom between 2010 and 2011 and has been on a steady climb since. Economists say that price is driven by supply and demand. This is true with home values as well. Kuna has always had subdivisions selling new homes but 2020 was the biggest year for new homes. Retail stores popping up is proof that Kuna is becoming a destination. Additionally, many subdivisions are attracting move-up buyers, meaning homeowners buying their next home, something a step up in quality and possibly size. Over the last three years, new construction has been in demand as there have not been enough existing homes for sale. Developers are feverishly working to bring more lots to market. Price is also driven by people's ability to buy. It is also worth noting that the economy and people are willing and able to pay top dollar for homes. At times, homebuyers are also willing to pay more than perceived market value. Another factor of the local real estate market is that there are a lot of investors who take available homes which means that there are a lot of renters as well.

 

 

Top Selling Communities 3rd Quarter 2020

 

  Total Home Sales Median Price
Patagonia 31 $439,900
Sterling Ranch 30 $366,757
Crimson Point 19 $345,000
Springhill 19 $332,000
Cazador 17 $387,400

2020 Top Communities  Guide

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Sourced from: Intermountain MLS