Treasure Valley Market Report February 2024

Page 1

February 2024

MARKET SNAPSHOT

ADA COUNTY

Median Sales Price

$ 522,000

Up 5.7% year over year

U p 1 .7 % over last month

Active Listing Inventory

1,126

Up 8.4% year over year Up 8. 7 % over last month

Average Days On Market

49

Down 36.4% year over year Down 7.5% over last month

Closed Sales

CANYON COUNTY

Median Sales Price

$409,81 8

Up 5. 1 % year over year Up 2.4 % over last month

Active Listing Inventory

726

Down 13.1% year over year Up 2.2% over last month

Average Days On Market

50

Down 41.9% year over year

Up 4. 1 % over last month

Closed Sales

328

Monthly Median Sales Price Comparison

February 2022/2024 – total $ shown in thousands 3 400 500 600 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2023 2024 ADA COUNTY CANYON COUNTY $350 $400 $450 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2023 2024 Treasure Valley Market Report | February 2024
Prices By City ADA & CANYON COUNTIES | SINGLE FAMILY | February 2024 455 765 545 472 521 410 379 424 440 540 640 740 840 940
Median Sold
5
February 2024, month/year comparison 0 500 1000 1500 2000 2500 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2021 2022 2023 2024 ADA COUNTY 0 200 400 600 800 1000 1200 1400 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2021 2022 2023 2024
COUNTY Treasure Valley Market Report | February 2024
Active Residential Listings
CANYON

Active Listings by Price Range

ADA COUNTY

2024 $300-$399 3% $400-$499 22% $500-$699 39% $700-$999 19% $1,000,000+
February

Active Listings by Price Range

CANYON COUNTY

2024
February
$250-$299 2% $300-$399 18% $400-$499 40% $500-$699 19% $700-$999 10% $1000000+ 11%

ADA COUNTY

CANYON COUNTY

8
February 2024 0 200 400 600 800 1000 1200 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2021 2022 2023 2024 0 100 200 300 400 500 600 700 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2021 2022 2023 2024
Residential Closed Sales
Treasure Valley Market Report | February 2024 Treasure Valley Market Report | February 2024

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9 Treasure Valley Market Report | February 2024
2024
COUNTY $300-$399 12% $400-$499 23% $500-$699 29%
$1,000,000+
Sold Listings by Price Range February
ADA
$700-$999

Sold Listings by Price Range

2024
$250-$299 5% $300-$399 40% $400-$499 30% $1,000,000+ 4%
February
CANYON COUNTY

Residential Closed Sales

RESALE vs. NEW CONSTRUCTION | February 2024
CANYON COUNTY 734 338 306 312 200 234 191 216 0 100 200 300 400 500 600 700 800 900 1000 1100 1200 1300 2021 2022 2023 2024 Re-Sale New 347 160 111 137 178 164 144 190 0 100 200 300 400 500 600 700 800 900 1000 2021 2022 2023 2024 Re-Sale New Treasure Valley Market Report | February 2024 12
ADA COUNTY
Treasure Valley Market Report | February 2024 13
#GuidingYouHome
Treasure Valley Market Report | February 2024 14
Average Interest Rates 30 - year fixed mortgage 4.24% 3.85% 3.65% 3.99% 4.54% 3.94% 3.11% 2.95% 5.35% 6.64% 6.72% 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 8.00% 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Annual

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Treasure Valley Market Report | February 2024 15

cbboise.com

Treasure Valley Market Report | February 2024

The information in this report is compiled from a report given by Boise Regional REALTORS® and the Intermountain Multiple Listing Service and to the best of our knowledge is accurate and current.

©Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Information deemed reliable nut not guaranteed and should be independently verified.

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