We Know Boise Real Estate
May, 2023
Found 1 entry for May, 2023.

Rising Ada County Home Prices & Shrinking Inventory: Hot Spring Real Estate Market Insights

The Ada County real estate market is heating up this spring as home prices jump to their highest point in five months. Limited inventory has sparked intense competition among buyers, fueling the price surge.

The median home price in Ada County soared by $35,600 from the previous month, settling at $517,500—the highest point since November 2022. Despite this increase, prices are still down 13% compared to last April. Boise experienced a similar surge, with home prices climbing $32,505 to $500,000 from the previous month.

Canyon County prices finished April at $389,990, down 18.2% year over year, roughly in line with March.

As the number of available homes for sale continues to decline in 2023, buyers face a significant increase in

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