August 2024 Market Report

ADA COUNTY

Median Sales Price ($)

Resale homes got another breather from MSP increases and slipped by another $15k compared to Jul 2024. This marks the second month of easing prices from Jun’s $599k MSP for resale.

Days on Market

Consistent with slower seasonality, stretching market times can be expected.

Inventory

Townhome listings in Ada are at a historical high with 153 available units.

CANYON COUNTY

Median Sales Price ($)

With a reprieve from demand (in sold homes) and current inventory, the overall market was able to approach the more affordable MSP we saw in Feb 2024.

Days on Market

While the distance between resale and new build market speeds remains far, the MSI isn’t.

Inventory

Inventory has been on the rise in Canyon County since Jan 2024, amounting to over 1k units for the past 4 months.

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

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