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Local Home Prices Dip in August

Posted on September 22, 2022

The housing market in Ada County has been quite the roller coaster ride.

Numbers from the Boise Regional Realtors said the August median home price was $565,000, which is down from the highest peak set back in May of about $600,000.

The median home price is down over 4% from July, but up over 6% compared to August 2021.

But with sales and prices dropping, it’s hard to know if, when and how that trend will end.

Realtors say, if you are a seller right now, homes will sit on the market longer – instead of selling with hours of going on the market.

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