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.