Boise, Idaho area Market Report - March 2022

March 2022

MARKET SNAPSHOT

2

ADA COUNTY

CANYON COUNTY

Median Sales Price

Median Sales Price

$575,000

$452,915

Up 22.6% year over year Up 4.6% over last month

Up 18.3% year over year Up 4.3% over last month

Active Listing Inventory

Active Listing Inventory

599

425

Up 103.1% year over year Up 21.5% over last month

Up 70.7% year over year Up 43.1% over last month

Average Days On Market

Average Days On Market

20

25

Up 11.1% year over year Down 37.5% over last month

Up 92.3% year over year Down 40.5% over last month

Closed Sales

Closed Sales

812

544

Down 11.3% year over year Up 23.1% over last month

Up 11.5% year over year Up 20.9% over last month

Treasure Valley Market Report | March 2022

Monthly Median Sales Price Comparison March 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 | March 2022

3

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

885

950

850

750

514

557

462

484

550

550

595

650

400

450

350 Boise

4

Eagle

Treasure Valley Market Report | March 2022

Meridian

Kuna

Star

Nampa

Caldwell

Middleton

Active Residential Listings March 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 | March 2022

5

Active Listings by Price Range March 2022

ADA COUNTY $500-$699 35%

$400-$499 9% $700-$999 28%

$300-$399 1%

$1,000,000+ 27%

6

Treasure Valley Market Report | March 2022

Active Listings by Price Range March 2022

CANYON COUNTY $400-$499 27%

$500-$699 42%

$300-$399 6%

$250-$299 1%

$1000000+ 10%

$700-$999 14%

Treasure Valley Market Report | March 2022

7

Residential Closed Sales March 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 | March 2022

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

#GuidingYouHome

Treasure Valley Market Report | March 2022

9

Sold Listings by Price Range March 2022

ADA COUNTY $400-$499 25%

$500-$699 38%

$300-$399 5%

$1,000,000+ 10%

10

Treasure Valley Market Report | March 2022

$700-$999 22%

Sold Listings by Price Range March 2022

CANYON COUNTY $300-$399 22%

$400-$499 23%

$250-$299 20%

$1,000,000+ 3% $700-$999 8%

$500-$699 24%

Treasure Valley Market Report | March 2022

11

Residential Closed Sales RESALE vs. NEW CONSTRUCTION | March 2022

ADA COUNTY 1300

Re-Sale

1200

New

1100 1000 900

400

251

323

348

500

363

548

515

600

586

700

565

800

300 200 100 0 2019

2020

2021

2022

CANYON COUNTY 1000

Re-Sale

900

New

800 700 600

199

201

115

200

281

212

227

300

318

400

334

500

100 0 2019

12

Treasure Valley Market Report | March 2022

2020

2021

2022

Every home tells a story.

Let us help you create yours.

Treasure Valley Market Report | March 2022

13

Annual Average Interest Rates 30-year fixed mortgage

2022

3.92%

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 | March 2022

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

5.00%

Looking for the best loan officers in town?

We have you covered! www.iccu.com/CBT

Treasure Valley Market Report | March 2022

15