October 2024 Market Report

ADA COUNTY

Median Sales Price ($)

• October 2023
• October 2024

• October 2023
• October 2024

The Median Sales Price increased slightly this month, driven by an 8% increase in the median price of new construction homes.

Days on Market

• October 2023
• October 2024

• October 2023
• October 2024

Single-family homes’ Days on Market declined slightly, nudged by a 12%+ dip in Days on Market for new homes.

Inventory

• October 2023
• October 2024

• October 2023
• October 2024

The resale homes that remain in inventory have been on the market for over two months on average.

CANYON COUNTY

Median Sales Price ($)

• October 2023
• October 2024

• October 2023
• October 2024

Median Sales Price declined slightly in October. This decline in sales price was seen with both new and existing (resale) homes.

Days on Market

• October 2023
• October 2024

• October 2023
• October 2024

A significant portion of resale homes continue to be sold within the first 30 days. For new homes, over 30% were on the market for over 90 days in October driving that average up.

Inventory

• October 2023
• October 2024

• October 2023
• October 2024

Inventory of new homes and resale homes both declined in October, but remain higher than this time last year.

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