IS ADA COUNTY'S HOUSING MARKET SLOWING ITS RAPID PACE?
Last month the median sales price for homes across Ada County dropped slightly from the previous month and we saw inventory continue to increase. While homes across the valley are continuing to sell for near record highs, we aren't seeing the same month-over-month price jumps that we were back in the spring and summer months. To learn more, check out Jonna's quick market update above - or scroll down for updated charts and figures.
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Graphics provided by Boise Regional Realtors.
SUMMARY: If you group together both existing and newly constructed single-family homes and compare those numbers to the same month one year ago (detailed in the top infographic): inventory increased by a notable 158.5%, the median sales price increased by 30.2% (coming in at $533,950), and overall fewer homes sold (down 17.2%).
If you then examine just existing/resale homes (and remove all the newly constructed homes from the statistics): the median sales price increased by 30% (coming in at $520,000) & inventory increased by an incredible 313.5%.
And finally, if you look just at newly constructed homes; new homes are selling for a median sales price of $572,450 (a year-over-year increase of 30.7%), there are more of them available than there were one year ago (inventory is up by 61.9%), and overall fewer homes sold (down 37.5%).
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TREASURE VALLEY HOUSING MARKETS
Average Sold Price (October 18, 2021 - November 18, 2021)
- Boise: $555,856
- Eagle: $1,019,648
- Meridian: $577,830
- Star: $609,426
- Garden City: $414,374
- Kuna: $505,870
- Middleton: $575,943
- Nampa: $443,089
- Caldwell: $427,445
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View all of our featured listings at Jonna Weber Premier Properties, or click on any of the houses below to learn more about the property.
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If you've been considering a move, this would be a
great time to connect with us to discuss the current value of your home and to
see what's newly available on the market. To discover what your home is currently valued at, simply click here and we will happily provide you with an obligation-free, complimentary
home or investment property evaluation.
If you’re hoping to buy, keep in mind that low inventory certainly isn’t the same as no inventory. There are options available, and current rates are making mortgage payments more manageable. Click here or call us to discuss what you're looking for. Otherwise, keep reading to learn more about what's happening in Ada County's real estate market.
P.S. Should you hear of anyone else looking to Buy or Sell a home, we ask that you please do two things. First, please tell them about your experience with us. Next, simply hit the reply button to this email and tell us about them! We would love to be of service!
