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August 2024 Real Estate Market Overview: Ada & Canyon Counties

As we move through the year, the real estate market in Ada and Canyon counties continues to experience dynamic shifts. Whether you're a buyer, seller, or simply keeping an eye on the trends, understanding the key data can help you make more informed decisions.


At House of Palmer | Idaho Real Estate, we're here to help guide you through these market changes with expert advice and personalized service, ensuring you're always one step ahead.


Cascade Lake

Key Insights:


  • Most Expensive Area

    • Eagle continues to lead as the most expensive area in Ada County, with a median price of $890,000.

  • Most Affordable Area

    • SW Caldwell stands as the most affordable area in Canyon County, with a median price of $380,000.

  • Months of Inventory

    • Ada County: The months of inventory for new homes is 1.5 months, while resale homes have 2.2 months of inventory, indicating a shift towards a more balanced market.

    • Canyon County: New homes have 1.7 months of inventory, and resale homes show 2.5 months, highlighting a growing selection for buyers in both counties.

  • Total Sold Homes

    • The data shows fluctuations in sold homes over the last four years, with Ada and Canyon counties reflecting steady growth in sales activity as compared to previous years.

  • Homes Sold by Area

    • Hot Market Areas in Canyon County include NW Caldwell, NW Nampa, and South Nampa.

    • Hot Market Areas in Ada County include NW Meridian, SE Meridian, and NE Meridian.


market update


What Does This Mean for Buyers and Sellers?

For buyers, the increasing inventory means more options to explore, while sellers may need to stay competitive with pricing, especially as the market moves towards more balance. The hot market areas remain attractive, with homes continuing to sell quickly in these regions.



Stay Ahead with House of Palmer | Idaho Real Estate

Whether you’re buying, selling, or just curious about the current market trends, our team at House of Palmer is here to help guide you through the process. Let us help you make informed decisions based on your goals and the latest market data.

📞 Contact Us Today to learn more or discuss your real estate needs: https://www.houseofpalmer.co/contact-us


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