Current Canyon County Market Update

Market Update for Canyon County, ID in the Past 6 Months

Market Activity:

• There are 1,291 active listings and 736 pending sales, resulting in a healthy pending-to-active ratio of 57%, indicating a fairly balanced market with more than half of active listings going pending.
• The average number of closed sales per month over the last 6 months is about 429, showing steady transaction activity.

Pricing:

• The average list price for active listings is approximately $610K, while pending listings have a lower average list price around $517K, suggesting buyers are targeting slightly more affordable properties.
• Sold properties averaged a final sale price near $479K, which is about 98.6% of their final list price, reflecting strong price realization close to asking prices.

Market Pace:

• The average days on market (DOM) for active listings is 67 days, while sold properties took about 49 days to sell, implying that homes are selling faster than new listings are staying on the market.
• The months supply of inventory is 3, indicating a market leaning slightly toward sellers but still relatively balanced.

Canyon County currently exhibits a balanced market with a good level of buyer activity and properties selling close to their list prices within about 7 weeks on average. Inventory levels support stable pricing, and the pending-to-active ratio suggests ongoing buyer interest.

If you want insights on specific price segments or advice on positioning listings, just let me know!

BKT Idaho
Keller Williams Realty Boise
208-340-1571
bktidaho.com