Treasure Valley Market Report September 2023

M a r k e t

R e p o r t

Monthly Market Report for Ada & Canyon County

September 2023

county

20 23

Ada & Canyon

MARKET SNAPSHOT ADA COUNTY

CANYON COUNTY

Median Sales Price

Median Sales Price

$535,000

$415,990

Down 0.9% year over year Up 2.8% over last month

Down 2.6% year over year Up 2.7% over last month

Active Listing Inventory

Active Listing Inventory

1,563

845

Down 35.4% year over year Up 2.2% over last month

Down 35.1% year over year Up 4.5% over last month

Average Days On Market

Average Days On Market

35

33

Down 7.9% year over year Up 2.9% over last month

Down 23.3% year over year Up 3.1% over last month

Closed Sales

579 Down 17.6% year over year Down 14.2% over last month

2

Treasure Valley Market Report | September 2023

Closed Sales

405 Up 17.4% year over year Down 6.8% over last month

Monthly Median Sales Price Comparison September 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 | September 2023

3

Median Sold Prices By City ADA & CANYON COUNTIES | SINGLE FAMILY | September 2023

940

805

840

740

375

419

440

429

534 434

502

540

503

640

340 Boise

4

Eagle

Treasure Valley Market Report | September 2023

Meridian

Kuna

Star

Nampa

Caldwell Middleton

Active Residential Listings September 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 | September 2023

5

Active Listings by Price Range September 2023

ADA COUNTY $400-$499 24%

$500-$699 31%

$300-$399 6%

$700-$999 21% $1,000,000+ 18%

6

Treasure Valley Market Report | September 2023

Active Listings by Price Range September 2023

CANYON COUNTY $400-$499 29%

$300-$399 18%

$500-$699 26%

$250-$299 2%

$1000000+ 13%

$700-$999 12%

Treasure Valley Market Report | September2023

7

Residential Closed Sales September 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 | September 2023

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

Treasure Valley Market Report | September 2023

Looking for a place to call home?

We are ready to help.

Treasure Valley Market Report | September 2023

9

Sold Listings by Price Range September 2023

ADA COUNTY

$400-$499 22%

$500-$699 32%

$300-$399 10%

$1,000,000+ 12%

10

Treasure Valley Market Report | September 2023

$700-$999 24%

Sold Listings by Price Range September 2023

CANYON COUNTY $300-$399 31%

$250-$299 24%

$400-$499 21%

$1,000,000+ 2% $700-$999 9%

$500-$699 13%

Treasure Valley Market Report | September 2023

11

Residential Closed Sales RESALE vs. NEW CONSTRUCTION | September 2023

ADA COUNTY 1300

Re-Sale

1200

New

900

734

1000

883

1100

800 700

200

300 200

152

400

234

338

407

500

431

600

100 0 2020

2021

2022

2023

CANYON COUNTY 1000

Re-Sale

900

New

800 700

347

175

200

164

178

300

239

256

400

160

500

406

600

100 0 2020

12

Treasure Valley Market Report | September 2023

2021

2022

2023

[ Home ] a place of comfort and belonging

Treasure Valley Market Report | September 2023

13

Annual Average Interest Rates 30-year fixed mortgage

2023

6.64%

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 | September 2023

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

Looking for the best loan officers in town?

We have you covered! www.iccu.com/CBT

Treasure Valley Market Report | September 2023

15

cbboise.com Treasure Valley Market Report | September 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.