Ada & Canyon County Market Update: June 23 - June 29

As we round out June, the Treasure Valley housing market continues to show dynamic shifts that matter whether you’re buying, selling, investing, or renting.

Let’s break down the highlights for both Ada and Canyon Counties this past week.

📊 Ada County Market Highlights:

• 294 New Listings (⬇️ 4%): Fewer new homes hit the market compared to last week. This tightening could mean slightly less competition for current sellers.

• $723,744 Average Listing Price (⬇️ 3%): A modest dip that might indicate more realistic pricing or seasonal adjustments.

• $658,442 Average Sold Price (⬆️ 3%): Despite listing prices dropping, sold prices rose — a sign that demand is still steady.

• 214 Homes Sold (⬇️ 1%): A minor decline, keeping pace with typical summer patterns.

• 2,530 Active Listings (⬆️ 1%): Inventory continues to build, providing more options for buyers.

• 224 Pending Sales (⬆️ 5%): An encouraging rise in contracts being signed.

• 3.3 Months of Inventory (⬆️ 3%): Balanced inventory levels, reflecting a healthy market that’s leaning toward neutral conditions.

📊 Canyon County Market Highlights

• 147 New Listings (⬇️ 1%): Very stable week-to-week, with consistent seller activity.

• $502,584 Average Listing Price (⬇️ 4%): Slight price softening could open doors for budget-conscious buyers.

• $483,732 Average Sold Price (⬆️ 7%): A strong bump indicating eager buyers still paying competitive prices.

• 129 Homes Sold (⬆️ 43%!): A huge jump — Canyon County buyers are jumping in this summer.

• 1,284 Active Listings (➡️ No change): A steady market with plenty of choices.

• 122 Pending Sales (⬆️ 39%): Another major spike, underscoring serious buyer activity.

• 3.0 Months of Inventory (⬆️ 2%): Holding at a balanced level that continues to favor neither side too strongly.

🔍 What Does This Mean For You?

✅ Buyers:Inventory is growing, giving you more to choose from — especially in Ada County. Meanwhile, Canyon County is still buzzing with activity, so be prepared to move fast on well-priced homes.

✅ Sellers:Sold prices continue to stay strong even as listing prices dip slightly. With steady demand, it’s a great time to list — buyers are out shopping, and summer is prime moving season.

✅ Investors:The rising pending and sold numbers, especially in Canyon County, indicate robust demand. With average sold prices climbing, it’s a favorable time to analyze cash flow and appreciation potential.

✅ Renters:Keep an eye on these inventory numbers. As more homes hit the market and sell, some would-be buyers may stay in the rental pool longer — which could influence future rent trends.