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Ada & Canyon County Market Update: August 26-September 1st

At House of Palmer Real Estate, we understand that selling your home requires the right timing and the best insights.


If you're thinking about selling, now is the time to get a comprehensive, in-depth market analysis to help you make an informed decision. Contact us today here to learn how we can assist you in maximizing your property's value.


Cascade Lake

Ada County: A Balanced Market with Opportunities


Ada County continues to provide a balance between steady growth and opportunity. Here’s a quick snapshot:


  • 268 New Listings: We’ve seen a 7% increase in new homes on the market, giving buyers more options to choose from this week. If you've been searching for the right property, this might be your moment!


  • $689,247 Average Listing Price: No significant changes here, which means the market remains consistent, offering stability for both buyers and sellers.


  • $555,439 Average Sold Price: This figure represents an 8% decrease, signaling that sellers may be accepting offers below their listing price. If you’re looking to make a move, now could be a great time to consider entering the market and finding value.


  • 212 Homes Sold: A remarkable 29% increase in sold homes tells us that buyers are seizing opportunities and closing deals quickly.


  • Total Inventory: With 1,956 homes available, inventory is up slightly (by 2%), ensuring that the market remains well-balanced.


  • Pending Sales: There are currently 215 homes pending, showing a strong 10% growth in buyer commitment.


market update

Canyon County: Value Meets Demand


Canyon County, known for its charm and growing appeal, offers a unique glimpse into a market where value and opportunity meet!


  • 110 New Listings: While there’s been a 16% decrease in new listings this week, it reflects a tighter market, making every listing that much more valuable. If you’re considering listing your property, this could be a great time to capitalize on limited inventory.


  • $546,161 Average Listing Price: Sellers are adjusting their expectations, with a 10% decrease in listing prices. This may give buyers a more favorable entry point into the market.


  • $546,161 Average Sold Price: Homes are selling at a 14% higher price this week. This shows that buyers are still willing to invest, even in a tighter market.


  • 111 Homes Sold: A 21% increase in homes sold reflects that buyers are moving quickly to secure properties. If you’re thinking of selling, now is the time to take advantage of the demand.


  • Total Inventory: With 1,122 homes on the market, there’s a 3% increase in active listings. While inventory remains somewhat limited, this slight rise gives buyers more options.


  • Pending Sales: Pending sales are down by 22%, with 92 homes currently under contract. This drop may signal that buyers are being more selective, but homes are still moving, especially at attractive price points.

market update

At House Of Palmer | Idaho Real Estate, we’re proud to offer you the latest insights for both Ada and Canyon Counties. If you’re considering selling your home, now is the time to take advantage of the demand. Get an in-depth market analysis tailored to your property by contacting us here, and let’s maximize your home’s value together.

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