January 2024 Market Report

January 2024 Market Report

ADA COUNTY

Median Sales Price ($)

  • January 2023
  • January 2024
  • January 2023
  • January 2024
Jan was the lowest single-family home MSP we’ve seen since Mar 2023.

Days on Market

  • January 2023
  • January 2024
  • January 2023
  • January 2024
New construction accelerated from 59 days in Dec 2023 to 56 days in Jan, the only sector with quicker month-over-month speeds.

Inventory

  • January 2023
  • January 2024
  • January 2023
  • January 2024
Existing/resale saw the greatest shrink in options, slipping from 825 available properties to 656.

CANYON COUNTY

Median Sales Price ($)

  • January 2023
  • January 2024
  • January 2023
  • January 2024
The single-family home MSP dipped below the $400k threshold for the second time in the past 9 months.

Days on Market

  • Single-Family Homes
  • Existing/Resale
  • New Construction
  • Single-Family Homes
  • Existing/Resale
  • New Construction
New construction’s market times were nearly cut in half compared to Jan 2023.

Inventory

  • Single-Family Homes
  • Existing/Resale
  • New Construction
  • Single-Family Homes
  • Existing/Resale
  • New Construction
Jan’s overall inventory in Canyon County dwindled to the smallest selection we’ve seen since May 2023.

Provided by Boise Regional REALTORS® | Data from the Intermountain MLS