Driven by a short supply of new listings, Treasure Valley home prices continue to hover at near-record levels. The Ada County median single-family home price rose to $534,950 in September, up 31% from last year and $4,450 from just last month. Homebuyers in Canyon County faced a median home price of $422,000 – a 36% annual increase and up $11,500 from August. Both counties finished September with their second-highest price to date.
Let’s take a closer look at data from several of our local markets.
- Boise’s median single-family home price was $495,000 in September, a $100,000 jump (up 26%) from last year.
- Meridian set a new median sales record with $546,000. That’s $146,000 over last September’s sales price, or a 37% increase.