Boise, Idaho Area Market Report, April 2022

April 2022

MARKET SNAPSHOT

2

ADA COUNTY

CANYON COUNTY

Median Sales Price

Median Sales Price

$595,000

$476,500

Up 23.9% year over year Up 3.5% over last month

Up 20.3% year over year Up 5.2% over last month

Active Listing Inventory

Active Listing Inventory

991

596

Up 170.0% year over year Up 65.5% over last month

Up 97.4% year over year Up 40.3% over last month

Average Days On Market

Average Days On Market

16

19

Up 23.1% year over year Down 20.0% over last month

Up 46.2% year over year Down 24.0% over last month

Closed Sales

Closed Sales

815

496

Down 17.0% year over year Up 0.4% over last month

Down 1.2% year over year Down 8.9% over last month

Treasure Valley Market Report | April 2022

Monthly Median Sales Price Comparison April 2021/2022 – total $ shown in thousands

ADA COUNTY

$700

2021

2022

$600 $500 $400 $300 $200 $100 $0 JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

CANYON COUNTY $500

2021

2022

$450 $400 $350 $300 $250 $200 $150 $100 $50 $0 JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

Treasure Valley Market Report | April 2022

3

Median Sold Prices By City ADA & CANYON COUNTIES | SINGLE FAMILY | April 2022

868

950

850

750

484

495

550

550

567

568

610

650

404

450

350 Boise

4

Eagle

Treasure Valley Market Report | April 2022

Meridian

Kuna

Star

Nampa

Caldwell Middleton

Active Residential Listings April 2022, month/year comparison

ADA COUNTY 2000 2019

1800

2020

2021

2022

1600 1400 1200 1000 800 600 400 200 0 JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

CANYON COUNTY 1000 2019

900

2020

2021

2022

800 700 600 500 400 300 200 100 0 JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

Treasure Valley Market Report | April 2022

5

Active Listings by Price Range April 2022

ADA COUNTY $500-$699 33%

$400-$499 14%

$700-$999 27% $300-$399 2%

$1,000,000+ 24%

6

Treasure Valley Market Report | April 2022

Active Listings by Price Range April 2022

CANYON COUNTY $400-$499 33% $500-$699 36%

$300-$399 6%

$250-$299 1%

$1000000+ 11%

$700-$999 13%

Treasure Valley Market Report | April 2022

7

Residential Closed Sales April 2022

ADA COUNTY 2019

1600

2020

2021

2022

1400 1200 1000 800 600 400 200 0 JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

CANYON COUNTY 2019

2020

2021

2022

700 600 500 400 300 200 100 0 JAN

8

FEB

MAR

Treasure Valley Market Report | April 2022

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

#GuidingYouHome

Treasure Valley Market Report | April 2022

9

Sold Listings by Price Range April 2022

ADA COUNTY $500-$699 39%

$400-$499 24%

$300-$399 4%

$1,000,000+ 11%

10

Treasure Valley Market Report | April 2022

$700-$999 22%

Sold Listings by Price Range April 2022

CANYON COUNTY $300-$399 26%

$400-$499 19%

$250-$299 16%

$1,000,000+ 3% $700-$999 7%

$500-$699 29%

Treasure Valley Market Report | April 2022

11

Residential Closed Sales RESALE vs. NEW CONSTRUCTION | April 2022

ADA COUNTY 1300

Re-Sale

1200

New

1100 1000 900 588

521

612

700

665

800 600

229

300

270

400

296

334

500

200 100 0 2019

2020

2021

2022

CANYON COUNTY 1000

Re-Sale

900

New

800 700 600

190

166

119

200

190

300

302

328

317

400

331

500

100 0 2019

12

Treasure Valley Market Report | April 2022

2020

2021

2022

Every home tells a story.

Let us help you create yours.

Treasure Valley Market Report | April 2022

13

Annual Average Interest Rates 30-year fixed mortgage

2022

4.15%

2021

2.95%

2020

3.11%

2019

3.94%

2018

4.54%

2017

3.99%

2016

3.65%

2015

3.85%

2014

4.24%

2013

0.00%

14

3.98% 0.50%

1.00%

Treasure Valley Market Report | April 2022

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

5.00%

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Treasure Valley Market Report | April 2022

15