June 2024 Market Report

ADA COUNTY

Median Sales Price ($)

• July 2023
• July 2024

• July 2023
• July 2024

The MSP for single-family and resale homes rebounded from Jun 2024. Single-family homes slipped by nearly $25k and resale homes shrank by over $59k from Jun to Jul.

Days on Market

• July 2023
• July 2024

• July 2023
• July 2024

In Jan, the market speeds for both resale and new construction were nearly identical but now new builds are remaining on the market nearly twice as long as existing homes.

Inventory

• July 2023
• July 2024

• July 2023
• July 2024

July marked the highest single-family inventory in 20 months.

CANYON COUNTY

Median Sales Price ($)

• July 2023
• July 2024

• July 2023
• July 2024

Even with the $7k MOM dip, resale’s MSP remains above 2023’s MSPs.

Days on Market

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

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

Similar to Ada County, the chasm between resale and new construction’s market speeds has stretched since late Summer 2023.

Inventory

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

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

We’re nearly double July 2023’s options.

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