March 2024 Market Report

ADA COUNTY

Median Sales Price ($)

• March 2023
• March 2024

• March 2023
• March 2024

The last time we experienced more than a $30,000 leap in month-over-month Median Sales Price was from March to April 2023 at $32,500. February to March 2024 jumped by $33,000.

Days on Market

• March 2023
• March 2024

• March 2023
• March 2024

Existing homes went under contract 8 days quicker than the month prior while new construction speeds eased by 14 days.

Inventory

• March 2023
• March 2024

• March 2023
• March 2024

While inventory dwindled compared to February 2024, consumer consumption of new builds eased slightly.

CANYON COUNTY

Median Sales Price ($)

• March 2023
• March 2024

• March 2023
• March 2024

Resale homes rose the most at approx. $17k compared to Feb 2024.

Days on Market

• Single-Family Homes
• Existing/Resale
• New Construction

• Single-Family Homes
• Existing/Resale
• New Construction

New builds are "leaving the shelf" 40 days faster than Mar 2023, contributing to low inventory.

Inventory

• Single-Family Homes
• Existing/Resale
• New Construction

• Single-Family Homes
• Existing/Resale
• New Construction

After an 8-month streak of either negative or single-digit increases in inventory, Canyon's new options came with a warm welcome in Mar.

Provided by Boise Regional REALTORS® | Data from the Intermountain MLS