ADA COUNTY
MEDIAN SALES PRICE —
- Ada's Median Sales Price increased by 6.2% in May and is currently at its highest value since August 2022. This increase can be attributed to resale homes sold in May, particularly resale homes aged 1-10 years.
- In May there were 22% more homes sold that were purchased with cash as opposed to April. 16% of May's Eagle sales were purchased with cash as opposed to April. 16% of May's Eagle sales were purchase in cash, compared to 11% of the homes sold in April.
HOMES SOLD —
- Homes sold increased for the fourth month in a row and was 12.5% higher than the number sold in April.
- The increase in homes sold seen in May was caused by resale home sales that were over 20% higher than in April. Growth in homes sold was seen across all resale home ages but were most significant for homes 20+ years old which grew by an average of 30% in May.
- Home sales increased in all Ada cities except Star in May.
PENDING SALES —
- Pending Sales decreased slightly (down 2.9%) in May but still sit 11.1% higher than they did at this point last year.
- Pending homes in Ada County are currently evenly split between new and resale homes, but this differs at the city level. Specifically, Boise and Garden City had far more new homes pending than resale homes at the end of May.
- Only 56% of homes currently pending are scheduled to close in June 2025.
INVENTORY —
- Inventory increased for the fourth month in a row, growing 12.2% in May from April.
- Currently, 55% of homes in inventory are resale homes. While growth in resale home sales was seen in May despite price increases, the resale homes in inventory have been on the market over 40 days on average. This may be due to their price being significantly over the median for similar homes sold in May.
DAYS ON MARKET —
- The lowest average days on market were seen for resale homes 20+ years old. These homes were on the market under 20 days on average. This shows a continued buyer demand for older resale homes despite higher prices.
- Average days on market remains above 30 days in Ada County due to higher days on market in Eagle, Kuna, and Meridian as opposed to Boise where homes were on the market for an average of 21 days in May.
"With home sales and prices on the rise, especially for older resale homes, Ada County continues to attract serious buyers. A REALTOR® can help you navigate these fast-moving opportunities with expert guidance. " ~Elizabeth Hume, Boise Regional REALTORS® 2025 President
CANYON COUNTY
MEDIAN SALES PRICE —
- Median sales price for resale homes rose in May due to a set of homes sold in Middleton priced over $100K higher than homes sold in the same area last month. Both sets of homes were similar ages, but the ones sold in May were 600 square feet larger on average, which may contribute to the discrepancy.
- The median sales price for new homes increased slightly in May but wasn't a key driver to the overall increase.
HOMES SOLD —
- The number of homes sold declined for the first time in four months in May, decreasing by 6.3%.
- Decline in resale homes sold was seen for both newer (<20 years) and older (20+ years) homes in May. Geographically, Caldwell saw the sharpest decline in the number of homes sold which decreased overall by 16% from April to May.
- Resale homes continue to outnumber new homes sold.
PENDING SALES —
- 59% of homes currently pending are new homes, this is consistent with proportions observed in April. Of these new homes pending sale, over half (61%) are currently under construction and appeared in pending sales last month.
- Across all age bands, resale homes pending sale have already seen a price reduction from the original price associated with the listing.
INVENTORY —
- Homes in inventory have been on the market 70 days on average, meaning a fair proportion of these homes are remaining in inventory month over month. These homes are priced $200K on average more than the median sales price of homes sold in Canyon in May.
- Resale homes added to inventory in May are located primarily in Caldwell and Nampa. These homes tend to be older resale homes (20+ years old).
DAYS ON MARKET —
- Homes priced under $300K were on the market for an average of 25 days across the region in May, opposed to those priced $301-500K which averaged 43 days on market.
- There is evidence of more expensive homes (>$700K) being taken off market and relisted shortly after so days on market for these homes may appear lower than the length of time the homes have been available.
"Sales dipped slightly in May, but rising prices and strong interest in larger resale homes show demand remains solid. A REALTOR® can help you understand shifting conditions and move forward with clarity." ~Elizabeth Hume, Boise Regional REALTORS® 2025 President
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