March 2022
MARKET SNAPSHOT
2
ADA COUNTY
CANYON COUNTY
Median Sales Price
Median Sales Price
$575,000
$452,915
Up 22.6% year over year Up 4.6% over last month
Up 18.3% year over year Up 4.3% over last month
Active Listing Inventory
Active Listing Inventory
599
425
Up 103.1% year over year Up 21.5% over last month
Up 70.7% year over year Up 43.1% over last month
Average Days On Market
Average Days On Market
20
25
Up 11.1% year over year Down 37.5% over last month
Up 92.3% year over year Down 40.5% over last month
Closed Sales
Closed Sales
812
544
Down 11.3% year over year Up 23.1% over last month
Up 11.5% year over year Up 20.9% over last month
Treasure Valley Market Report | March 2022
Monthly Median Sales Price Comparison March 2021/2022 – total $ shown in thousands
ADA COUNTY
$700
2021
2022
$600 $500 $400 $300 $200 $100 $0 JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
CANYON COUNTY $500
2021
2022
$450 $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 | March 2022
3
Median Sold Prices By City ADA & CANYON COUNTIES | SINGLE FAMILY | March 2022
885
950
850
750
514
557
462
484
550
550
595
650
400
450
350 Boise
4
Eagle
Treasure Valley Market Report | March 2022
Meridian
Kuna
Star
Nampa
Caldwell
Middleton
Active Residential Listings March 2022, month/year comparison
ADA COUNTY 2000 2019
1800
2020
2021
2022
1600 1400 1200 1000 800 600 400 200 0 JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
CANYON COUNTY 1000 2019
900
2020
2021
2022
800 700 600 500 400 300 200 100 0 JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
Treasure Valley Market Report | March 2022
5
Active Listings by Price Range March 2022
ADA COUNTY $500-$699 35%
$400-$499 9% $700-$999 28%
$300-$399 1%
$1,000,000+ 27%
6
Treasure Valley Market Report | March 2022
Active Listings by Price Range March 2022
CANYON COUNTY $400-$499 27%
$500-$699 42%
$300-$399 6%
$250-$299 1%
$1000000+ 10%
$700-$999 14%
Treasure Valley Market Report | March 2022
7
Residential Closed Sales March 2022
ADA COUNTY 2019
1600
2020
2021
2022
1400 1200 1000 800 600 400 200 0 JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
CANYON COUNTY 2019
2020
2021
2022
700 600 500 400 300 200 100 0 JAN
8
FEB
MAR
Treasure Valley Market Report | March 2022
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
#GuidingYouHome
Treasure Valley Market Report | March 2022
9
Sold Listings by Price Range March 2022
ADA COUNTY $400-$499 25%
$500-$699 38%
$300-$399 5%
$1,000,000+ 10%
10
Treasure Valley Market Report | March 2022
$700-$999 22%
Sold Listings by Price Range March 2022
CANYON COUNTY $300-$399 22%
$400-$499 23%
$250-$299 20%
$1,000,000+ 3% $700-$999 8%
$500-$699 24%
Treasure Valley Market Report | March 2022
11
Residential Closed Sales RESALE vs. NEW CONSTRUCTION | March 2022
ADA COUNTY 1300
Re-Sale
1200
New
1100 1000 900
400
251
323
348
500
363
548
515
600
586
700
565
800
300 200 100 0 2019
2020
2021
2022
CANYON COUNTY 1000
Re-Sale
900
New
800 700 600
199
201
115
200
281
212
227
300
318
400
334
500
100 0 2019
12
Treasure Valley Market Report | March 2022
2020
2021
2022
Every home tells a story. Let us help you create yours.
Treasure Valley Market Report | March 2022
13
Annual Average Interest Rates 30-year fixed mortgage
2022
3.92%
2021
2.95%
2020
3.11%
2019
3.94%
2018
4.54%
2017
3.99%
2016
3.65%
2015
3.85%
2014
4.24%
2013
0.00%
14
3.98% 0.50%
1.00%
Treasure Valley Market Report | March 2022
1.50%
2.00%
2.50%
3.00%
3.50%
4.00%
4.50%
5.00%
Looking for the best loan officers in town? We have you covered! www.iccu.com/CBT
Treasure Valley Market Report | March 2022
15