March 2024 Market Report

ADA COUNTY

Median Sales Price ($)

The last time we experienced more than a $30,000 leap in month-over-month Median Sales Price was from March to April 2023 at $32,500. February to March 2024 jumped by $33,000.

Days on Market

Existing homes went under contract 8 days quicker than the month prior while new construction speeds eased by 14 days.

Inventory

While inventory dwindled compared to February 2024, consumer consumption of new builds eased slightly.

CANYON COUNTY

Median Sales Price ($)

Resale homes rose the most at approx. $17k compared to Feb 2024.

Days on Market

New builds are "leaving the shelf" 40 days faster than Mar 2023, contributing to low inventory.

Inventory

fter an 8-month streak of either negative or single-digit increases in inventory, Canyon's new options came with a warm welcome in Mar.

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