May 2024 Market Report

May 2024 Market Report

ADA COUNTY

Median Sales Price ($)

  • May 2023
  • May 2024
  • May 2023
  • May 2024
Resale’s MSP remains a hefty $30k more than May 2023.

Days on Market

  • May 2023
  • May 2024
  • May 2023
  • May 2024
Gone are the 40-50 DOM trends we saw from Dec-Feb for existing homes. This month’s DOM stayed in the 20’s in May.

Inventory

  • May 2023
  • May 2024
  • May 2023
  • May 2024
Ada County had the most available units for all sectors in 18 months in May

CANYON COUNTY

Median Sales Price ($)

  • May 2023
  • May 2024
  • May 2023
  • May 2024
Canyon’s MSP for all sectors took a $10k breather from Apr 2024.

Days on Market

  • Single-Family Homes
  • Existing/Resale
  • New Construction
  • Single-Family Homes
  • Existing/Resale
  • New Construction
Market times are warming up as we get closer to summer and dipped by 7 days from Apr 2024.

Inventory

  • Single-Family Homes
  • Existing/Resale
  • New Construction
  • Single-Family Homes
  • Existing/Resale
  • New Construction
Existing options expanded a steep 69% from May 2023’s 336 home inventory.

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