June Market Report: Home Prices Inch Up in Ada and Canyon Counties
For the last two months, home prices have risen year-over-year and month-over-month in both Ada and Canyon County.
In Ada County, the median sales price for homes that closed in June was $580,000, a 1.1% increase compared to June 2024, and $100 more than the month prior. Canyon County had a median sales price of $439,990, a 3.5% increase compared to June 2024 and $6,500 more than in May 2025.
The supply of homes for sale has trended up in 2025, as more homeowners decide to list and builders add new home inventory to the market. Available listed homes were up 27.2% in Ada County and 12.9% in Canyon County compared to June 2024.
Home prices are driven by supply versus demand. Typically, as housing supply increases, there is downward pressure on home prices. So why aren’t we seeing that play out in our current housing market?
“To put it simply, our market was undersupplied for so long that even with the additional supply that’s been added we’re still not quite at a balanced level,” says Sandra Majors, real estate agent with The Agency Boise. This imbalance can be seen with the months supply of inventory metric that indicates how long the current supply of listed homes would last if no new listings were added. It’s calculated by dividing the current inventory by the average sales from the last 12 months. A balanced market, not favoring buyers or sellers, is typically considered 4-6 months of supply.
Majors added that in June the months supply of inventory was 3 months in both Ada and Canyon County. “While this is the highest level it’s been in years, it’s still below the 4 months threshold that is considered balanced.” Downward pressure on prices isn’t as likely to occur until months supply of inventory is at 4 months.
Data from the Intermountain MLS
The chart above shows the overall months supply of inventory for each county. However, some price ranges are more popular than others. For example, in Ada County, the most popular price range for home sales in June was $450,000-$600,000 with 279 sales, nearly a third of all home sales for the county. This is also the price range with the most available inventory for the county, with nearly a third of all listed homes as of July 14, 2025. In Canyon County, the most popular price range is usually $300,000-$450,000, making up about half of all home sales in June. Over a third of listed homes fell within this price range as of July 14, 2025.
The tables below show how months supply of inventory differs by popular price ranges as well as by segment, with the lower price points generally showing as undersupplied (less than 4 months of supply) and some of the mid and higher price ranges are balanced or slightly oversupplied.
Data from the Intermountain MLS
Data from the Intermountain MLS
A couple of caveats though to a price range labeled as under or oversupplied — homes will sell for what the market determines they are worth and what buyers are willing to pay. A property listed at an undersupplied price range still needs to be priced appropriately in order to sell. Alternatively, we are not suggesting that a property in an oversupplied category won’t sell or sell quickly, but rather there are plenty of options for buyers who are looking at that price point.
Other relevant metrics from the latest housing market data:
Home sales were up year-over-year in both counties, with 853 sales in Ada County, up 15.0% compared to last year, and 484 closed sales in Canyon County, a 19.2% increase over the same month last year.
Ada County homes that sold in June spent an average of 35 days on the market before going under contract, two days slower than the average days on market a year ago. In Canyon County, the average was 42 days, six days faster than in June 2024.
In Ada County, the average percent of the original list price received for homes that closed in June was 98.3%, meaning that on average, buyers paid 1.7% less than the price for which the home was originally listed. In Canyon County, the average percent of original list price received was 98.0%. The percent of original list price received has declined for the last two months for both counties, indicating that buyers are gaining additional negotiating power and/or sellers are adjusting prices accordingly.
The majority of homes that sold in June sold for less than the original list price — 57.5% of all home sales in Ada County and 62.1% of sales in Canyon County had a price reduction from the list price to sales price.
Understanding local trends can help buyers and sellers set realistic expectations when entering the market. But ultimately, deciding when to make a move depends on your individual goals. A trusted real estate professional will negotiate on your behalf, address the potential hurdles to a transaction, and utilize their industry knowledge and connections to get the job done. The Agency Boise is made up of a select group of driven agents that have deep roots in the community, local expertise, and are backed with a regional and global reach. Who you work with, matters.
