M a r k e t
R e p o r t
Monthly Market Report for Ada & Canyon County
December 2023
county
20 23
Ada & Canyon
MARKET SNAPSHOT ADA COUNTY
CANYON COUNTY
Median Sales Price
Median Sales Price
$516,745
$409,995
Up 0.3% year over year Down 2.5% over last month
Up 5.1% year over year Up 2.7% over last month
Active Listing Inventory
Active Listing Inventory
1,184
752
Down 19.0% year over year Down 13.1% over last month
Down 21.1% year over year Down 10.4% over last month
Average Days On Market
Average Days On Market
49
56
Down 21.0% year over year Up 19.5% over last month
Down 17.6% year over year Up 33.3% over last month
Closed Sales
496 Down 13.4% year over year Down 5.1% over last month
2
Treasure Valley Market Report | December 2023
Closed Sales
256 Down 21.7% year over year Down 11.4% over last month
Monthly Median Sales Price Comparison December 2022/2023 – total $ shown in thousands
ADA COUNTY
$700
2022 2023
$600 $500 $400 $300 $200 $100 $0 JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
CANYON COUNTY $500
2022
$450
2023
$400 $350 $300 $250 $200 $150 $100 $50 $0 JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
Treasure Valley Market Report | December 2023
3
Median Sold Prices By City 913
ADA & CANYON COUNTIES | SINGLE FAMILY | December 2023
940
840
740
514
365
440
418
435
474
482
540
485
640
340 Boise
4
Eagle
Treasure Valley Market Report | December 2023
Meridian
Kuna
Star
Nampa
Caldwell Middleton
Active Residential Listings December 2023, month/year comparison
ADA COUNTY 2500
2020
2021
2022
2023
2000
1500
1000
500
0 JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
CANYON COUNTY 1400
2020
2021
2022
2023
1200 1000 800 600 400 200 0 JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
Treasure Valley Market Report | December 2023
5
Active Listings by Price Range December 2023
ADA COUNTY $500-$699 37%
$400-$499 22%
$300-$399 5%
$1,000,000+ 17%
6
Treasure Valley Market Report | December 2023
$700-$999 19%
Active Listings by Price Range December 2023
CANYON COUNTY $400-$499 35%
$300-$399 26%
$250-$299 2%
$1000000+ 10%
$700-$999
$500-$699 17%
10%
Treasure Valley Market Report | December2023
7
Residential Closed Sales December 2023
ADA COUNTY 2020
1600
2021
2022
2023
1400 1200 1000 800 600 400 200 0 JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
2022
2023
CANYON COUNTY 2020
700
2021
600 500 400 300 200 100 0 JAN
8
FEB
MAR
Treasure Valley Market Report | December 2023
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
Treasure Valley Market Report | December 2023
We can help you find your dream home.
Treasure Valley Market Report | December 2023
9
Sold Listings by Price Range December 2023
ADA COUNTY $400-$499 23% $500-$699 28%
$300-$399 14%
$1,000,000+ 13%
10
Treasure Valley Market Report | December 2023
$700-$999 22%
Sold Listings by Price Range December 2023
CANYON COUNTY $300-$399 25%
$250-$299 22%
$400-$499 31%
$1,000,000+ 5%
$700-$999 3%
$500-$699 14%
Treasure Valley Market Report | December 2023
11
Residential Closed Sales RESALE vs. NEW CONSTRUCTION | December 2023
ADA COUNTY 1300
Re-Sale
1200
New
900
734
1000
883
1100
800 700
200
300 200
191
400
234
338
407
500
306
600
100 0 2020
2021
2022
2023
CANYON COUNTY 1000
Re-Sale
900
New
800 700
347
144
200
137
178
300
164
256
400
160
500
406
600
100 0 2020
12
Treasure Valley Market Report | December 2023
2021
2022
2023
#GuidingYouHome
Treasure Valley Market Report | December 2023
13
Annual Average Interest Rates 30-year fixed mortgage
2023
6.73%
2022
5.35%
2021
2.95%
2020
3.11%
2019
3.94%
2018
4.54%
2017
3.99%
2016
3.65%
2015
3.85%
2014 0.00%
14
4.24% 1.00%
2.00%
Treasure Valley Market Report | December 2023
3.00%
4.00%
5.00%
6.00%
7.00%
8.00%
Looking for the best loan officers in town? We have you covered! www.iccu.com/CBT
Treasure Valley Market Report | December 2023
15
cbboise.com Treasure Valley Market Report | December 2023 The information in this report is compiled from a report given by Boise Regional REALTORS® and the Intermountain Multiple Listing Service and to the best of our knowledge is accurate and current. ©Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Information deemed reliable nut not guaranteed and should be independently verified.