ADA COUNTY'S HOUSING MARKET UPDATE - INVENTORY RAMPS UP!
Last month we saw a surge of single-family homes across Ada County hit the market (up a notable 90.8% compared to one year ago). For pre-existing single-family homes (so leaving out newly constructed homes) inventory increased by an incredible 215.1%. More and more sellers across the county (and really across the whole valley) are capitalizing on the state of our current market. For more stats & info check out Jonna's quick video above and/or scroll down to learn more.
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 90.8%, the median sales price increased by 32.2% (coming in at $530,500), and homes sold 54.8% faster than one-year-ago.
If you then examine just existing/resale homes (and remove all the newly constructed homes from the statistics): the median sales price increased by 35% (coming in at $520,000), inventory increased by an incredible 215.1% and homes sold in about 14 days (30% faster than one-year-ago).
And finally, if you look just at newly constructed homes, new homes are selling for a median sales price of $564,873 (a year-over-year increase of 26.7%), there are substantially fewer of them available than there were one year ago (inventory is up by 6%) and they are selling significantly faster than they were one year ago (by 70.9%).
TREASURE VALLEY HOUSING MARKETS
Average Sold Price (August 16, 2021 - September 16, 2021)
- Boise: $566,785
- Eagle: $900,168
- Meridian: $580,629
- Star: $570,083
- Garden City: $635,666
- Kuna: $476,892
- Middleton: $560,584
- Nampa: $433,919
- Caldwell: $443,543
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.
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!
