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June
16

June 16th, 2025 by


From Our Friends At Boise Regional REALTORS®

ADA COUNTY

MEDIAN SALES PRICE —

  • Ada's Median Sales Price increased by 6.2% in May and is currently at its highest value since August 2022. This increase can be attributed to resale homes sold in May, particularly resale homes aged 1-10 years.
  • In May there were 22% more homes sold that were purchased with cash as opposed to April. 16% of May's Eagle sales were purchased with cash as opposed to April. 16% of May's Eagle sales were purchase in cash, compared to 11% of the homes sold in April.

HOMES SOLD —

  • Homes sold increased for the fourth month in a row and was 12.5% higher than the number sold in April.
  • The increase in homes sold seen in May was caused by resale home sales that were over 20% higher than in April. Growth in homes sold was seen across all resale home ages but were most significant for homes 20+ years old which grew by an average of 30% in May.
  • Home sales increased in all Ada cities except Star in May.

PENDING SALES —

  • Pending Sales decreased slightly (down 2.9%) in May but still sit 11.1% higher than they did at this point last year.
  • Pending homes in Ada County are currently evenly split between new and resale homes, but this differs at the city level. Specifically, Boise and Garden City had far more new homes pending than resale homes at the end of May.
  • Only 56% of homes currently pending are scheduled to close in June 2025.

INVENTORY —

  • Inventory increased for the fourth month in a row, growing 12.2% in May from April.
  • Currently, 55% of homes in inventory are resale homes. While growth in resale home sales was seen in May despite price increases, the resale homes in inventory have been on the market over 40 days on average. This may be due to their price being significantly over the median for similar homes sold in May.

DAYS ON MARKET —

  • The lowest average days on market were seen for resale homes 20+ years old. These homes were on the market under 20 days on average. This shows a continued buyer demand for older resale homes despite higher prices.
  • Average days on market remains above 30 days in Ada County due to higher days on market in Eagle, Kuna, and Meridian as opposed to Boise where homes were on the market for an average of 21 days in May.
"With home sales and prices on the rise, especially for older resale homes, Ada County continues to attract serious buyers. A REALTOR® can help you navigate these fast-moving opportunities with expert guidance. " ~Elizabeth Hume, Boise Regional REALTORS® 2025 President

CANYON COUNTY

MEDIAN SALES PRICE —
  • Median sales price for resale homes rose in May due to a set of homes sold in Middleton priced over $100K higher than homes sold in the same area last month. Both sets of homes were similar ages, but the ones sold in May were 600 square feet larger on average, which may contribute to the discrepancy.
  • The median sales price for new homes increased slightly in May but wasn't a key driver to the overall increase.

HOMES SOLD —

  • The number of homes sold declined for the first time in four months in May, decreasing by 6.3%.
  • Decline in resale homes sold was seen for both newer (<20 years) and older (20+ years) homes in May. Geographically, Caldwell saw the sharpest decline in the number of homes sold which decreased overall by 16% from April to May. 
  • Resale homes continue to outnumber new homes sold.

PENDING SALES —

  • 59% of homes currently pending are new homes, this is consistent with proportions observed in April. Of these new homes pending sale, over half (61%) are currently under construction and appeared in pending sales last month. 
  • Across all age bands, resale homes pending sale have already seen a price reduction from the original price associated with the listing.

INVENTORY —

  • Homes in inventory have been on the market 70 days on average, meaning a fair proportion of these homes are remaining in inventory month over month. These homes are priced $200K on average more than the median sales price of homes sold in Canyon in May.
  • Resale homes added to inventory in May are located primarily in Caldwell and Nampa. These homes tend to be older resale homes (20+ years old).

DAYS ON MARKET —

  • Homes priced under $300K were on the market for an average of 25 days across the region in May, opposed to those priced $301-500K which averaged 43 days on market.
  • There is evidence of more expensive homes (>$700K) being taken off market and relisted shortly after so days on market for these homes may appear lower than the length of time the homes have been available.

"Sales dipped slightly in May, but rising prices and strong interest in larger resale homes show demand remains solid. A REALTOR® can help you understand shifting conditions and move forward with clarity." ~Elizabeth Hume, Boise Regional REALTORS® 2025 President

To view the Treasure Valley homes currently for sale, CLICK HERE

Categories: News
May
16

May 16th, 2025 by


From Our Friends At Boise Regional REALTORS®

ADA COUNTY

MEDIAN SALES PRICE —

  • When compared to March, prices decreased for homes across all age buckets except homes sold that are currently under construction (saw an average price increase of 2.4%). The largest decreases in price were seen for resale homes 5 years or younger which saw an average price decline of 26% in April. When compared to similar homes sold in March, these younger resale homes sold in April had around 7% less square footage on average.

HOMES SOLD —

  • The increase observed in April's sold resale homes was due to significant increases in the sales of older homes. A nearly 24% and 60% increase was seen in the sales of homes aged 21-30 years and 31-50 years (respectively) in April compared to March.
  • There was a 13.6% increase in the sale of homes that are currently under construction. 97% of these homes were located outside of Boise, mostly in Meridian and Star.

PENDING SALES —

  • 57% of resale homes currently pending sale are over 20 years old. The majority of these homes (76%) are set to close in May. We may continue to see an increase in sales volume for these older resale homes in May based on sales currently pending.
  • A large portion of homes pending sale (41%) are new construction homes that are not set to close before the end of May 2025.

INVENTORY —

  • Inventory increased by 22% in April, the third straight month that an increase has been seen in Ada County.
  • There was a 17% decrease in inventory for homes currently under construction, a home type that appeared to have significant buyer demand in April.
  • Resale home inventory increased across all age bands, most significantly for homes aged 51-80 years which saw a 53% increase in inventory in April.

DAYS ON MARKET —

  • The lowest average days on market in April was seen for older resale homes. On average, homes over 20 years old sold in April were on the market for 20 days. The quantity of these homes sold increased in April, which indicates continued demand for older resale homes in Ada County. 
  • Among new homes, those listed as currently under construction sold the fastest in April and were only on the market for around 22 days on average.
"Sales activity in Ada County continues to build momentum, with three straight months of increased sales and rising buyer interest in older resale homes and new builds alike. While prices saw a slight dip, opportunities for negotiation are creating real wins for buyers, especially with a REALTOR® by your side to navigate pricing strategies and emerging inventory trends." ~Elizabeth Hume, Boise Regional REALTORS® 2025 President

CANYON COUNTY

MEDIAN SALES PRICE —
  • The largest price increase was seen for resale homes 51-80 years old; these homes saw an average price increase of 22% in April.
  • Homes sold that were under the age of 30 decreased in price on average when compared to similar homes sold in March.
  • Homes sold that are currently under construction also saw a price decrease of 7% in April.

HOMES SOLD —

  • The number of new and resale homes sold increased in April. The increase was more substantial for resale homes which increased by 38% compared to 16% for new homes. Similar to Ada County, sales for homes 20 years old and older increased substantially in April (54.7% for Canyon County). 
  • In March, 49% of all homes sold were resale homes. In April, this proportion rose to 54%.

PENDING SALES —

  • Pending sales remained at similar levels as March.
  • Similar to March, 62% of homes that are currently pending sale are new homes. 70% of these new homes are not set to close until after May 2025 and will likely appear again in Canyon's pending sales next month.
  • Over half (55%) of resale homes pending sale are over 20 years old and have similar days on market to homes of that age that sold in April.

INVENTORY —

  • The number of homes 20 years or older in inventory increased by 33.7% in April. This is a segment of homes that saw increased sales numbers in March. We may see similar trending in May due to the amount of these homes currently available.
  • The number of new homes that are currently under construction in inventory declined by 23.8% but the sales of these homes increased 60%, signifying buyer demand.

DAYS ON MARKET —

  • Homes over 20 years old sold in April had the lowest average days on market when compared to younger and new homes. In April, a home sold that was 20 years or older was on the market for an average of 31 days.
  • Younger resale homes (those under 20 years of age) were on the market on average 10 days longer than older homes and, on average, sold for $10k lower than the original asking price associated with the listing.

"Home prices in Canyon County dipped slightly in April, opening the door for more buyers to enter the market especially for newer homes and those under construction. With strong growth in sales and rising inventory in key segments, navigating these shifts with a trusted REALTOR® can help you find the right home at the right price." ~Elizabeth Hume, Boise Regional REALTORS® 2025 President

To view the Treasure Valley homes currently for sale, CLICK HERE

Categories: News
April
16

April 16th, 2025 by


From Our Friends At Boise Regional REALTORS®

ADA COUNTY

MEDIAN SALES PRICE —

  • Ada's Median Sales Price saw its largest month over month increase since March 2024 at 6.6%.
  • When compared to February, sales prices were higher on average for homes across all age buckets. The most significant difference was seen in new homes, likely caused by a lack of new homes sold <$500K in March.
  • Resales sold in March that were >20 years old were priced around $40K higher than similar homes sold in February.

HOMES SOLD —

  • Homes sold increased for the second straight month. The increase observed this month was half of the large increase in sales observed last month. 
  • Sales volume is back to where it was in November/December 2024, showing sales recovery from the large seasonal dip in sales observed in January. 
  • The volume of resale homes 5 years or younger increased by 28% between February and March.

PENDING SALES —

  • Pending Sales increased by 14.8% this month largely due to a significant increase with resale homes. 
  • Since January, increases in pending sales have translated to increased sales volume in Ada County. We will watch for increased sales volume moving into April. 
  • 54% of resale homes that were pending in March were over 20 years old. Most of these homes were in Boise and were on the market less than 30 days on average.

INVENTORY —

  • Consistent with the beginning of 2025, over half of the homes in inventory are new homes. Most of these new homes in inventory are in Meridian and a large proportion have been relisted within the past 1-2 months at a higher price than the one associated with the original listing. 
  • List prices for resale homes in inventory are well above those that closed in March. However, the prices of these homes have decreased relative to the original list prices.

DAYS ON MARKET —

  • Pricing continues to be the biggest driver of how long a home remains on the market before it is sold. Regardless of age of home or location, homes priced below $400K continue to move quickly in Ada County. 
  • New homes priced $600K and below across Ada County have an average Days on Market around 35 days, significantly lower than other new homes priced higher, regardless of location.
"With sales rebounding and pricing trends shifting dramatically—especially in the new construction segment—Ada County's market demands expertise. A REALTOR® brings clarity to price points, timing, and strategy, which is crucial when days on market and buyer behavior are moving fast." ~Elizabeth Hume, Boise Regional REALTORS® 2024 President

CANYON COUNTY

MEDIAN SALES PRICE —
  • Median Sales Price increased by 2% in March. MOM % +2.0% +1.0% +2.7% 
  • The prices of resale homes sold that were 5 years or younger increased in March by around $40K when compared to those sold in February. 
  • Resale homes in Caldwell were priced significantly lower than those sold in February. A larger volume of these lower cost resale homes were sold in March.

HOMES SOLD —

  • The number of homes sold increased by 6.3% this month. While this is the second consecutive month an increase has been observed. The level of increase has cooled considerably from last month's 40% increase in sales.
  • New homes and resale homes are being sold at near equal quantities in Canyon County, with the proportion of homes sold that are resale homes increasing this month.

PENDING SALES —

  • A larger portion (62% in March) of pending sales in Canyon County continue to be new homes. A large portion of homes under construction were pending sale in March, primarily located in Nampa and Caldwell. This segment of new homes were on the market for 21 days on average. 
  • March faced a 37% increase in pending resale sales. These resale homes tended to be younger (44% under 20 years old) and priced lower than new homes pending sale.

INVENTORY —

  • Inventory increased slightly overall in Canyon County this month; the most significant increase was seen in resale home inventory. 
  • 47% of resale homes added to inventory this month are in Nampa and currently sit at a more affordable price point than similar inventory added in Caldwell this month. 
  • A segment of resale homes priced at $750k+, located outside Nampa/Caldwell, entered inventory in March.

DAYS ON MARKET —

  • Days on Market decreased by 11 days on average this month with significant decreases being seen for new and resale homes. 
  • Younger resale homes (20 years or under) saw a decrease in average Days on Market, despite being priced higher than similarly aged homes sold in February. This may indicate buyer appetite for resale homes in Canyon, likely due to their greater affordability than new builds.

"Canyon County's steady climb in pending sales and buyer interest in affordable, younger resale homes highlights a competitive but evolving market. A REALTOR® helps buyers move quickly and sellers price strategically, two key factors in today's landscape. " ~Elizabeth Hume, Boise Regional REALTORS® 2024 President

To view the Treasure Valley homes currently for sale, CLICK HERE

Categories: News
March
17

March 17th, 2025 by


From Our Friends At Boise Regional REALTORS®

ADA COUNTY

MEDIAN SALES PRICE —

  • There continues to be around a $30K difference in the Median Sales Price of new vs. resale homes, where new homes are priced higher. This gap has been consistent for the last three months despite changing sales volume.
  • When compared to surrounding counties, a higher proportion of resale homes in Ada are older which may be keeping the median sales price relatively constant for the last six months around $525K.

HOMES SOLD —

  • It appears that sales have partially recovered from the seasonal dip in volume observed in January. Currently, sales sit above where they were at this point last year, but these are the lowest numbers since February 2024.
  • The new and existing home sales volume increased in February, but the distribution of ages and sizes of homes remained extremely similar to January which appears to have led to little fluctuation in pricing.

PENDING SALES —

  • In January, a similar level of pending sales volume was observed and appeared to translate to growth in sales volume in February. We will say tuned to see if this raised sales volume trend continues next month.
  • 62% of homes pending sale in February were new homes. Of these new homes, the majority are located in Star or Meridian. A large number of pending new homes are currently under construction.

INVENTORY —

  • Like January, over half of homes in inventory are new homes. 86% of these new homes in inventory are located outside of Boise.
  • Resale home inventory remained at the same level seen in the previous month. 40% of resale homes in inventory are in Boise. These homes are priced above Median Sales Prices for resale homes sold in February and their prices have begun to decline from the original list prices.

DAYS ON MARKET —

  • Differences in average days on market were seen when looking at the location of the home sold. Homes sold in Boise, Garden City, Meridian, and Star were on the market for a shorter amount of time when compared to those sold in Kuna, Nampa, and Eagle.
  • Older resale homes (10+ years old) across Ada seem to have the lowest days on market, the majority have been on the market under 30 days.
"The Ada County market remains stable with minimal adjustments to Median Sales Price, continued market demand, and new inventory. With a healthy 22.5% increase in sales and a rising inventory of new homes, now is a great time to work with a REALTOR® to navigate this market — including builder incentives like interest rate buydowns — and secure the best deal." ~Elizabeth Hume, Boise Regional REALTORS® 2024 President

CANYON COUNTY

MEDIAN SALES PRICE —
  • Median Sales Price increased by 2% in February, but increases were seen in Median Sales Price for new and resale homes. This indicates that there was a slight change in the composition of homes sold in February from those sold in January. 
  • Most resale homes sold in February (54%) were in Nampa and priced $20K lower and more likely to have smaller square footage than similar homes sold last month.

HOMES SOLD —

  • The number of homes sold increased by 40% in February, the largest monthly increase observed since June 2020. The increase was seen for both new and resale homes. 
  • Homes sold in February were, on average, younger than those sold in January. These homes tend to be more expensive than older resale homes. 
  • There is far less evidence this month of sales being lowered from the original price.

PENDING SALES —

  • The majority (66%) of pending sales continue to be new homes located in Nampa ands Caldwell. New homes with pending sales that are under construction across Canyon County have notably lower average days on market when compared to other new homes (21 days on average).
  • Most pending homes have a current price below the original list price indicating seller willingness to move prices to attract buyers (except in Star and Middleton).

INVENTORY —

  • Resale homes added to inventory this month are mostly over 20 years old and located outside of Caldwell and Nampa. Despite being on the market under 30 days, they appear to have already reduced in list price.
  • New homes added to inventory this month in Middleton and Nampa have increased their price from their original price. The most affordable new homes appear to be located in Caldwell and have not had price adjustments.

DAYS ON MARKET —

  • 53% of resale homes sold in February were on the market for less than 30 days. Unlike January, price did not appear to be as closely related to the amount of time a home spent on the market before sale. On average, homes that were on the market 10 days or less were priced higher than homes on the market over 10 days.
  • A group of 8 new homes sold this month were on the market over 200 days, affecting new build's average.

"Canyon County experienced a notable 40% increase in home sales this February, driven by rising demand for new homes in Nampa and Caldwell. As competition heats up, partnering with a REALTOR® can help you take advantage of opportunities and avoid the pitfalls of shifting home prices." ~Elizabeth Hume, Boise Regional REALTORS® 2024 President

To view the Treasure Valley homes currently for sale, CLICK HERE

Categories: News
January
17

January 17th, 2025 by


From Our Friends At Boise Regional REALTORS®

ADA COUNTY

MEDIAN SALES PRICE —

  • Median sales price (MSP) for existing homes dipped slightly while a slight increase was seen for new homes. The MSP for new homes is around $15K higher than existing homes sold in December.
  • The MSP of these homes in December was $10K less than similar aged homes sold in November.
  • New build's MSP rise was driven slightly by 9.7% of new homes sold at or above $1M (up from 7% in November).

HOMES SOLD —

  • The number of existing homes sold in December declined for the second straight month while the number of new homes sold increased. In December, 42% of homes sold were new homes compared to November's 36% divide.
  • These additional newly built, never occupied homes sold in December were located in Meridian with an MSP of $525K and Eagle with an MSP of $898K.

PENDING SALES —

  • 64% of December's pending sales are new homes, indicating a different age composition of homes sold may occur in January 2025. Of these new homes pending sale, 64% are currently under construction and were on the market on average under 15 days. ▪ Pending existing home sales on average have a lower current price than the original listing price. This trend is not true for all new homes that are pending sale.

INVENTORY —

  • Inventory of existing homes continues to decrease at a faster rate than inventory of new homes (28.7% drop compared to 4.5%). Currently, 57% of all homes in inventory are new homes.
  • Only 37% of single-family homes in inventory are priced at or below the MSP seen in December. We will wait to see if these homes experience price reductions or if these homes remain in inventory in January 2025.

DAYS ON MARKET —

  • This metric was pushed up due to a 13-day increase seen with new homes in December. The increase in average Days on Market was pressurized by homes sold that were under construction in December.
  • If two outlier homes are removed from the group (one that was on the market for 291 days and one on the market for 195 days), the average returns to a value similar to previous months.
"As we move into 2025, Ada County's real estate market is stabilizing, with inventory and sales maintaining a healthy pace. New construction remains attractive, possibly due to builder incentives aimed at buyers. With rising interest rates, working with a REALTOR® is key to navigating these changes and making informed decisions for your long-term goals." ~Elizabeth Hume, Boise Regional REALTORS® 2024 President

CANYON COUNTY

MEDIAN SALES PRICE —
  • The Median Sales Price (MSP) dipped slightly (1.6%) in December.
  • 58% of homes sold in December were priced between $282-450K. No new builds were priced below $300K.
  • 28% of new homes and 47% of existing homes sold in December were priced under $400K. This indicates that new homes may be less affordable for individuals searching below this price point.

HOMES SOLD —

  • A more significant decrease is sales was seen for existing homes while sales of new homes remained basically flat from November (-0.5%).
  • Buyer appetite for existing homes seems to be for those with lower price points.
  • Inventory for existing homes has declined monthly since July. The lack of availability of these types of homes may be a reason for declining sales numbers.

PENDING SALES —

  • Pending Sales declined for the fourth month in a row.
  • 69% of pending sales are for new homes while only 44% of homes sold in December were new homes. We will watch to see if the composition of homes sold changes in January 2025.
  • Over half of pending new homes are currently under construction and were on the market for under 30 days.

INVENTORY —

  • A healthy inventory of new homes appears to still be present in December and priced very similarly to those that are currently pending.
  • 70% of existing homes in inventory are over 10 years old and mostly priced well above those sold in December. These older homes have been on the market for an average of 85 days.

DAYS ON MARKET —

  • Days on Market for all single-family homes remained at levels similar to November (+1 day).
  • New homes sold in December were on the market longer than existing homes.
  • Existing homes over 50 years old had some of the lowest Days on Market in December. This appears to be driven by the lower prices of these homes, which we know are scarce in current inventory.

"Canyon County continues to experience strong sales, especially in the resale market, but we're seeing signs of a slowdown as both inventory and sales taper off. In this evolving market, having a REALTOR® ensures you're not just keeping pace with changes, but strategically positioning yourself for the best opportunities. " ~Elizabeth Hume, Boise Regional REALTORS® 2024 President

To view the Treasure Valley homes currently for sale, CLICK HERE

Categories: News
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Alexandria Danilovitch
Alexandria Danilovitch Cell: (208) 841-9890 Email Me
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