September 2024 Market Report

ADA COUNTY

Median Sales Price ($)

• September 2023
• September 2024

• September 2023
• September 2024

Of the 716 homes sold in Sep, 55 of them were sold for more than $1 million with an average DOM of 34.9 days.

Days on Market

• September 2023
• September 2024

• September 2023
• September 2024

Market demand had no impact on speeds, however. Lengthened DOM created the right circumstance for Ada’s MSI to keep steady in September.

Inventory

• September 2023
• September 2024

• September 2023
• September 2024

With less options and an increase in pending activity, it is no wonder that we saw a MOM boost in resale’s MSP.

CANYON COUNTY

Median Sales Price ($)

• September 2023
• September 2024

• September 2023
• September 2024

New build’s MSP argues with other market trend data. With lower sales (pending and closed), we would’ve expected a similar or lower MSP from the previous month but inventory drops pinched pricing for the month.

Days on Market

• September 2023
• September 2024

• September 2023
• September 2024

With the combination of inventory and market speeds, Canyon’s MSI is the closest it’s been to a “balanced” since Nov 2015. Since then, the market has been increasingly starved for supply.

Inventory

• September 2023
• September 2024

• September 2023
• September 2024

With a dip in sold units and pending contracts, Sep’s new construction inventory slip means there was a slight slowdown in new units coming on the market. This marks the first MOM slide in inventory since Feb 2024.

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