August 2024 Market Report

ADA COUNTY

Median Sales Price ($)

• August 2023
• August 2024

• August 2023
• August 2024

Resale homes got another breather from MSP increases and slipped by another $15k compared to Jul 2024. This marks the second month of easing prices from Jun’s $599k MSP for resale.

Days on Market

• August 2023
• August 2024

• August 2023
• August 2024

Consistent with slower seasonality, stretching market times can be expected.

Inventory

• August 2023
• August 2024

• August 2023
• August 2024

Townhome listings in Ada are at a historical high with 153 available units.

CANYON COUNTY

Median Sales Price ($)

• August 2023
• August 2024

• August 2023
• August 2024

With a reprieve from demand (in sold homes) and current inventory, the overall market was able to approach the more affordable MSP we saw in Feb 2024.

Days on Market

• August 2023
• August 2024

• August 2023
• August 2024

While the distance between resale and new build market speeds remains far, the MSI isn’t.

Inventory

• August 2023
• August 2024

• August 2023
• August 2024

Inventory has been on the rise in Canyon County since Jan 2024, amounting to over 1k units for the past 4 months.

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