Ada County Home Prices Return to 2022 Peak
Posted by Lisa Kohl on
After more than four years, Ada County home prices are back at their 2022 peak.
The median sold price reached $602,875 in July, just above the level set in May 2022 and 9.7% higher than a year ago. In Canyon County, the median sold price climbed to $444,995, up 3.7% from last July.
The last time Ada County prices were this high, buyers were competing in a very different market.
In May 2022, inventory was still extremely limited, homes were selling quickly, and mortgage rates were only beginning to climb from historic lows. At that time, Ada County had about 1.5 months of supply, and the median home sold in just six days. Buyers had fewer choices and considerably less negotiating room.
Today, buyers have much more to choose from. Ada County…
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