Nampa Idaho Home Values

2022 Real Estate Report

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Heather Nelson

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When people think of Nampa, three things normally pop into their head: Lake Lowell, Warhawk Air Museum, and The Blvd which has about everything one needs. Nampa hosts many events and concerts at the Idaho Center plus and has many other events at the Nampa Civic Center. Over the last couple of decades, Nampa has transformed to a place that people do not need to leave, all of the services, shopping and restaurants are now right here. Nampa is also becoming a destination for Boiseans. All of this because not only have a lot of people made this area home but also there is a lot of money in this town.

Nampa has seen incredible growth in the price of homes. The surge in population is partly due to the affordability of the area but residents also enjoy more open space and country roads, numerous festivals and fairs plus a strong sense of community, probably from its agricultural roots. 

Nampa Real Estate Market Snapshot

There are three leading indicators of a changing market that real estate agents pay close attention to:

  1. Price Increased. Meaning the % of homes listed that actually increased the price of the home.
  2. Inventory
  3. Average Days on Market

The following report is about listings, which is about what is happening in the market currently. It is a real estate report that can more quickly identify future trends in the local real estate market.

Nampa Real Estate Market Profile

 

How are home values in Nampa changing?

Real estate is seasonal and cyclical so it is best to review charts with more data so you can see a complete story and trends over longer periods of time.  Home values normally are strongest during the home buying season which is the hottest in Spring and Summer. CoVid has disrupted what we would expect as normal trends. Also. the number of people leaving California and large cities in the northwest has made it the market more year-round. 

 

Nampa Median Home Price Trends

 

How many homes are for sale in Nampa?

Nampa Homes for Sale Inventory

 

Review history of Nampa Home Values

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

 

Northeast Nampa Home Values Chart

 

South Nampa Home Values Chart

 

East Nampa Home Values Chart

How have Home Values Changed Year over Year?
includes all Nampa MLS Areas

  Median Price %∆ Year-Over-Year Total Homes Sold %∆ Year-Over-Year
2021 $399,999 +35.38% 3,793 -0.24%
2020 $295,465 +18.23% 3,802 +19.41%
2019 $249,900 +16.23% 3,184 +5.19%
2018 $215,000 +18.78% 3,027 +4.16%
2017 $181,000 +11.73% 2,906 +10.37%
*source Intermountain MLS