M a r k e t
R e p o r t
Monthly Market Report for Ada & Canyon County
November 2023
county
20 23
Ada & Canyon
MARKET SNAPSHOT ADA COUNTY
CANYON COUNTY
Median Sales Price
Median Sales Price
$530,000
$398,990
Up 1.0% year over year Down 1.8% over last month
Down 3.9% year over year Down 0.2% over last month
Active Listing Inventory
Active Listing Inventory
1,363
840
Down 26.0% year over year Down 9.6% over last month
Down 26.4% year over year Down 3.7% over last month
Average Days On Market
Average Days On Market
41
42
Down 12.8% year over year Up 5.1% over last month
Down 28.8% year over year Up 5.0% over last month
Closed Sales
523 Down 5.1% year over year Down 4.3% over last month
2
Treasure Valley Market Report | November 2023
Closed Sales
289 Down 8% year over year Down 12.1% over last month
Monthly Median Sales Price Comparison November 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
JAN
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 | November 2023
3
Median Sold Prices By City ADA & CANYON COUNTIES | SINGLE FAMILY | November 2023
940
717
840
740
398
440
365
462
474
540
465
517
532
640
340 Boise
4
Eagle
Treasure Valley Market Report | November 2023
Meridian
Kuna
Star
Nampa
Caldwell Middleton
Active Residential Listings November 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 | November 2023
5
Active Listings by Price Range November 2023
ADA COUNTY $400-$499 23%
$500-$699 35%
$300-$399 6%
$1,000,000+ 18%
6
Treasure Valley Market Report | November 2023
$700-$999 18%
Active Listings by Price Range November 2023
CANYON COUNTY $400-$499 34%
$300-$399 26%
$250-$299 2% $500-$699 17% $1000000+ 10%
$700-$999 11%
Treasure Valley Market Report | November2023
7
Residential Closed Sales November 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 | November 2023
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
Treasure Valley Market Report | November 2023
Home for the holidays is the best place to be.
Treasure Valley Market Report | November 2023
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Sold Listings by Price Range November 2023
ADA COUNTY $400-$499 23% $500-$699 30%
$300-$399 14%
$1,000,000+ 12%
10
Treasure Valley Market Report | November 2023
$700-$999 21%
Sold Listings by Price Range November 2023
CANYON COUNTY $300-$399 36%
$250-$299 19% $400-$499 24%
$1,000,000+ 4% $700-$999 2%
$500-$699 15%
Treasure Valley Market Report | November 2023
11
Residential Closed Sales RESALE vs. NEW CONSTRUCTION | November 2023
ADA COUNTY 1300
Re-Sale
1200
New
900
734
1000
883
1100
800 700
200
300 200
165
400
234
338
407
500
368
600
100 0 2020
2021
2022
2023
CANYON COUNTY 1000
Re-Sale
900
New
800 700
347
150
200
137
178
300
164
256
400
160
500
406
600
100 0 2020
12
Treasure Valley Market Report | November 2023
2021
2022
2023
#GuidingYouHome
Treasure Valley Market Report | November 2023
13
Annual Average Interest Rates 30-year fixed mortgage
2023
6.81%
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 | November 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 | November 2023
15
cbboise.com Treasure Valley Market Report | November 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.