M a r k e t
R e p o r t
Monthly Market Report for Ada & Canyon County
October 2023
county
20 23
Ada & Canyon
MARKET SNAPSHOT ADA COUNTY
CANYON COUNTY
Median Sales Price
Median Sales Price
$539,990
$400,000
Down 3.7% year over year Up 0.9% over last month
Down 8% year over year Down 3.8% over last month
Active Listing Inventory
Active Listing Inventory
1,509
873
Down 29.7% year over year Down 3.4% over last month
Down 30.3% year over year Up 3.3% over last month
Average Days On Market
Average Days On Market
39
40
Down 7.1% year over year Up 11.4% over last month
Down 18.4% year over year Up 21.2% over last month
Closed Sales
547 Down 18.8% year over year Down 5.5% over last month
2
Treasure Valley Market Report | October 2023
Closed Sales
329 Down 11.8% year over year Down 18.7% over last month
Monthly Median Sales Price Comparison October 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 | October 2023
3
Median Sold Prices By City ADA & CANYON COUNTIES | SINGLE FAMILY | October 2023
827
940
840
740
488
545
407
440
379
485
499
540
514
640
340 Boise
4
Eagle
Treasure Valley Market Report | October 2023
Meridian
Kuna
Star
Nampa
Caldwell Middleton
Active Residential Listings October 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 | October 2023
5
Active Listings by Price Range October 2023
ADA COUNTY $400-$499 24%
$500-$699 32%
$300-$399 6%
$700-$999 19% $1,000,000+ 19%
6
Treasure Valley Market Report | October 2023
Active Listings by Price Range October 2023
CANYON COUNTY $400-$499 34% $300-$399 22%
$250-$299 2%
$500-$699 20%
$1000000+ 11%
$700-$999 11%
Treasure Valley Market Report | October2023
7
Residential Closed Sales October 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 | October 2023
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
Treasure Valley Market Report | October 2023
Through every season, we are ready to help you in your home journey.
Treasure Valley Market Report | October 2023
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Sold Listings by Price Range October 2023
ADA COUNTY $400-$499 22%
$500-$699 31%
$300-$399 11%
$1,000,000+ 13%
10
Treasure Valley Market Report | October 2023
$700-$999 23%
Sold Listings by Price Range October 2023
CANYON COUNTY $300-$399 29%
$250-$299 24%
$400-$499 24%
$1,000,000+ 2% $700-$999 6%
$500-$699 15%
Treasure Valley Market Report | October 2023
11
Residential Closed Sales RESALE vs. NEW CONSTRUCTION | October 2023
ADA COUNTY 1300
Re-Sale
1200
New
900
734
1000
883
1100
800 700
200
300 200
165
400
234
338
407
500
381
600
100 0 2020
2021
2022
2023
CANYON COUNTY 1000
Re-Sale
900
New
800 700
140
200
160
178
300
164
256
400
191
347
500
406
600
100 0 2020
12
Treasure Valley Market Report | October 2023
2021
2022
2023
#GuidingYouHome
Treasure Valley Market Report | October 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%
Treasure Valley Market Report | October 2023
2.00%
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 | October 2023
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cbboise.com Treasure Valley Market Report | October 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.