Posts in category 'News'

• The median sales price of homes sold in January remained similar to December.
• The median price of homes in Canyon has not varied much since last January with only a range of $24,000 between monthly medians. This indicates some level of stability in the market.
• The median price of homes 81 years or older decreased by $48,500 (15%) in January.

HOMES SOLD —

• 96 fewer new construction homes sold in January (-45%). They accounted for 44% of total sales, compared to 52% in December.
• 103 fewer homes sold in Nampa (-46%) in January and accounted for 45% of total sales, compared to 55% in December.
• While sales slid month-over-month, resale sales carried closings for year-over-year comparisons, rising by 12.6%.

PENDING SALES —

• Even with the drop of sales, the number of pending sales at the end of January was higher than it has been in months (609), about half of these homes are set to close in February.
• 63% of the pending sales (381) are new homes. 77% of these new homes are either in Caldwell or Nampa.
• The median price of homes pending sale is $465,990 and had been on the market for an average of 53 days.

INVENTORY —

• 37% of the homes on inventory were added in January; the other homes on the market have been on the market an average of 108 days. 
• 67 homes on the market have already dropped their listing price by $40,000 or more. These homes have been on the market for an average of 166 days. 
• New resale homes (aged <1-10 years) have the highest average list prices of homes on the market.

DAYS ON MARKET —

• The average DOM for houses sold in Canyon County increased slightly to 63 days in January. This is two weeks longer than the average DOM in Canyon County for all of 2025 (49 days). In January, a home in the 11-20 month age group sold that had been on the market for a year and a half which did slightly skew the average by two days.
• Homes in Caldwell in January tended to be on the market on average longer than in the other cities in Canyon.

"While sales dipped in January, pricing in Canyon County has remained remarkably steady over the past year. New construction continues to play a significant role, particularly in Nampa and Caldwell, even as buyers take a little more time to make decisions. This kind of steady but shifting market is exactly where experienced guidance adds real value." ~Susan Weaver, Boise Regional REALTORS® 2025 President

• The median sales price in Canyon County rose by $10,000 from November to December. MOM % +2.4% +0.0% +3.0%
• New homes, homes <1-5 years old, and homes 6-10 years old had similar median prices (around $452,000).
• The median price of sold homes in Parma increased by $141,250 in December. Notably, 4 of the 8 homes sold in Parma sold for over $600,000, contributing to the town's median sales price increase.

HOMES SOLD —

• December saw the highest sales of new homes since December 2021.
• In 2025, 52% of sold Canyon County homes were in Nampa and a third (33%) were sold in Caldwell
• After a significant drop (-25%) in sales in November, sales in December rebounded by 27.6%.
• Sales in Nampa were similar to October sales after the November dip while Caldwell didn't fully bounce back.

PENDING SALES —

• 475 sales were pending at the end of December. This is a drop of 100 from the end of November.
• The median price of pending sales is $462,612, about $40,000 above December's median for closed homes.
• 62% of pending sales are for new homes. The average price of these homes is $581,475. 
• There are currently 9 homes pending sale in Star. The most homes sold in Star in a month in 2025 was 8.

INVENTORY —

• About 23% of current inventory was added in December.
• Contrary to March 2025's statistic that 17.5% of listings nationally are new construction, 63% of homes in Canyon County are new builds.
• 14% of homes on the market have decreased their price by $30,000 or more. Homes on the market 81 years or older have had the largest drops in listing prices (-$90,000 on average

DAYS ON MARKET —

• Average days on market increased again in December from 55.5 days in November to 60.6 days in December. The decrease in sales in November may have led to this lag in average days on market.
• The average days on market for houses sold in Caldwell increased by about 3 weeks (from 50 days to 73).
• Additionally, the average days on market for houses 1-5 years old increased by three weeks (from 27 to 49 days).

"Canyon County rebounded nicely in December after a slower November, especially with strong new home activity. Prices stayed relatively stable, even as days on market stretched slightly. It's a market that rewards patience and thoughtful pricing, particularly during the winter months." ~Elizabeth Hume, Boise Regional REALTORS® 2025 President

• When looking at the age of the homes sold, the median sales price increased for newer resale homes (<1-5 years) by 24.6%. This group of homes had the highest median sales price by $100,000.
• The median sales price of single family homes in Caldwell increased by almost 7%, bringing the median price slightly higher than Nampa.

HOMES SOLD —

• Sales decreased across the county by 25.1%, a bigger drop than was seen October to November in 2024.
• Sales declined most sharply in Caldwell (31%) and Middleton (34%). Nampa experienced the smallest drop in sales volume, down just 11%.
• New homes and those 6–10 years old saw the smallest sales declines, while homes 51+ years old experienced the largest decreases.

PENDING SALES —

• Despite the drop in sales volume, the number of pending sales is similar to October.
• The median price of pending sales is $452,490, slightly higher than the median price of homes sold in November.
• Over half of the pending sales (62%) are for new homes and the average price of these homes is $566,450.
• About half of the pending sales (49%) are in Nampa and nearly a third (32%) are in Caldwell.

INVENTORY —

• In addition to a dip in sales volume, there was also a dip in inventory.
• About 30% of homes on the market were added in November, the rest of the homes were on the market for an average of 108 days.
• 88 homes on the market (8%) have decreased their price by $50,000 or more. These homes have been on the market for an average of 174 days.

DAYS ON MARKET —

• Average days on market rose nearly 8 days in November to 58 days, but followed an 7-day drop in October.
• Newer resale homes (1–5 years old) and the oldest homes (81+) sold the fastest, averaging 29 and 27 days.
• Nampa saw the largest month-over-month increase in days on market, rising from 47 to 62 days.
• In Caldwell, average days on market remained steady from October to November despite higher median prices.

"Canyon County felt the seasonal slowdown in November, especially in sales volume, but prices held steady overall. Newer homes and new construction are still driving much of the activity, while some listings are adjusting after longer time on the market. It's a reminder that even in a slower month, well-priced homes still move." ~Elizabeth Hume, Boise Regional REALTORS® 2025 President

• Younger resale homes, specifically aged 1-5 years, were the most expensive homes sold in Canyon this month. 
• The median price of homes 11-20 years old increased 8% this month while median price of homes 51-80 years old decreased 10%. 
• The median price of 6-10 year old houses dropped 12%, the same amount they increased in July, rebounding their median price to what they were in June.

HOMES SOLD —

• The composition of homes sold in August were similar to those in July, including age (40.9% of homes sold were new builds) and location (50% of homes in Nampa, 34% in Caldwell, the remaining in neighboring towns).
• 20% of homes this month were purchased with cash, 22% were purchased with an FHA loan. Nearly half (45%) of FHA loans were used on houses in Caldwell and 46% were used for houses in Nampa.

PENDING SALES —

• The median price of pending sales is $446,417. 
• Pending homes were on the market for an average of 42.4 days before going under contract. 
• 109 of the homes with sales pending had been on the market for more than 90 days, of these 109 homes, 68.8% of them sold for $20,000 or more under their original listing price. 
• 59% of the pending sales are new construction homes.

INVENTORY —

• 36% of the homes currently in inventory were added in August, the rest have been on the market an average of 109 days.
• The median sales price of inventory added in August ($480,000) is similar to the median sales price of homes added before August ($490,000). 
• Nearly half of the houses in current inventory (48%) are new builds.

DAYS ON MARKET —

• The average days on market in Caldwell increased by 14 days this month and 13 days in Middleton.
• Average days on market in Nampa remained similar to July (a 3-day increase).
• Average days on market increased for resale homes aged 1-10 years old.

"Median prices shifted by age in August, with newer resale homes at the top of the market and older segments showing mixed trends. New builds made up over 40% of sales, while cash and FHA buyers were active across Nampa and Caldwell. With pending sales pointing to continued demand, a REALTOR® can help you navigate the market's age- and city-specific dynamics." ~Elizabeth Hume, Boise Regional REALTORS® 2025 President