November 2024 Market Report

ADA COUNTY

Median Sales Price ($)

The median price of new homes sold in November decreased by $52,000, the lowest MSP for new builds since March 2023. New homes sold continue to be more affordable for buyers than existing homes.

Days on Market

Days on market was unchanged for resale homes in November and increased by one day on average for new homes sold.

Inventory

Total volume of resale homes sold decreased by 19.3% in November — along with a decrease in inventory — pointing to a cooling market as we head toward winter.

CANYON COUNTY

Median Sales Price ($)

The MSP for existing homes increased in November for the first time since June. When comparing resale homes sold in November versus October, the square footage and acreage between the two sets of homes is similar.

Days on Market

The average days on market increased by 5 days for new homes and 7 days for resale homes.

Inventory

This is the third straight month of inventory decline for new homes and the fifth straight month of inventory decline for resale homes, but inventory remains above levels seen in November 2023.

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