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ADA COUNTY
MEDIAN SALES PRICE —
- Resale homes aged 31-50 saw the largest price drop between August and September, 13% lower on average.
- Prices across different cities in Ada County remained at levels similar to those observed in August.
- Younger resale homes comprised a smaller proportion of overall sales in September when compared to August. These homes tend to be priced higher than other resales and a slight decline here could explain the shrink in MSP.
HOMES SOLD —
- The number of resale homes aged 10 years or younger sold decreased by 19% from August to September, this was the main reason overall sales volume declined in Ada County in September.
- Across Ada, Meridian saw the largest decline in younger resale home sales which declined 27% in September.
- For younger resales, the days on market increased by 6 days and sold for under the original list price on average.
PENDING SALES —
- 57% of homes currently pending sale are set to close within the following month, this is 5% more than homes that were pending sale last month.
- Homes pending sale that are set to close this month are currently priced below the original price associated with the listing. This may indicate that buyers may have some price negotiating power currently in Ada County.
INVENTORY —
- Over half of the homes that have remained in inventory are new homes, mostly located in Meridian. These homes show evidence of price cuts since the original listing and may continue to decline in price if they are left in inventory longer.
- 38% of homes currently in inventory were added in the past month. Nearly 40% of the homes added are older resales located in Meridian and Boise.
DAYS ON MARKET —
- Homes sold in Boise had the lowest days on market in Ada County, 24 days on average. In Boise, the overall low DOM is driven by older resale homes which consistently sell after being on the market for around 25 days.
- A resale home 10 years or younger sold in Meridian during August was on the market around 30 days on average. These same homes sold in September were on the market an average of 48 days.
"Sales of newer resale homes dipped this month, particularly in Meridian, while Boise continues to move quickly. Older resale homes and new listings are still in demand, and with many pending sales priced below their original listing, buyers are finding opportunities—but inventory is tight in popular areas." ~Elizabeth Hume, Boise Regional REALTORS® 2025 President
CANYON COUNTY
MEDIAN SALES PRICE —
- Median prices across cities generally decreased from August, though only mildly. ▪ Star had the highest median price again this month though this is out of only 6 houses sold within Canyon County lines.
- The median price of homes aged 6-10 years increased by 13% this month and homes aged 1-5 years increased by 4%, the median price for all other ages decreased.
HOMES SOLD —
- Half of homes sold in September were located in Nampa, 33% were located in Caldwell. This is the same proportion as August.
- 18% of homes this month were purchased with cash while 24% were purchased with an FHA loan.
- About half (53%) of FHA loans were used on houses in Nampa and 35% were used on houses in Caldwell.
PENDING SALES —
- 89 of the homes with sales pending had been on the market for more than 90 days. Of these 89 homes, 73% sold for $20,000+ under their original listing price.
- 55% of the pending sales are new build homes.
- 50.2% are in Nampa and 30.5% are in Caldwell this is similar to the proportion of homes sold in September.
- 18% of pending sales are not due to close until 2026.
INVENTORY —
- 29% of the homes currently in inventory were added in September, the rest have been on the market an average of 99 days.
- The median sales price of inventory added in September ($471,500) is slightly lower than the median sales price of homes added before September ($495,000).
- Nearly half of homes in inventory (52%) are new builds.
- 48% of the homes are in Nampa and 31% are in Caldwell.
DAYS ON MARKET —
- Average days on market in Caldwell increased by 10 days this month and 11 days in Nampa. Caldwell's increase in September comes after a 14 day increase in August.
- Average days on market increased for resale homes older than 50 years, specifically for houses 81 years and older (35 days).
- Average days on market for homes 11-30 years old also saw an increase this month.
"Home prices remained mostly steady, though younger homes saw slight increases. Nampa and Caldwell continue to drive sales, and older resale homes are taking just a little longer to sell. Inventory is balanced, and with half of pending sales being new builds, the market is offering options for a wide range of buyers." ~Elizabeth Hume, Boise Regional REALTORS® 2025 President
To view the Treasure Valley homes currently for sale, CLICK HERE
