Boise Home Prices Reach Two-Year High as Market Gains Speed
Posted by Lisa Kohl on
Ada County home prices are surging as rising competition for scarce listings sends buyers scrambling. With robust demand and historically low inventory, 2024 is already turning out to be a good year for home sellers.
The median home price in Ada County at the end of March was $555,000, up 15.2% from the previous year. This increase represents the largest yearly gain since May 2022, the same month the county hit a record.
Home prices in Boise also experienced double-digit growth, jumping 13.4% to $529,990, the highest price since June 2022. In Canyon County, prices rose by 4.7% from a year ago to $413,395.
Demand from buyers less sensitive to interest rates, combined with a limited supply of homes on the market, is driving above-average growth…
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