Mike Brown Group

March 2023 Market Recap

 ADA COUNTY MARKET REPORT

In March, the median sales price of homes that sold in Ada County was $483,450 — down 16.0% compared to March 2022, and the fifth consecutive month of annual decline in price. March 2023 showed a return to month-over-month decreases (a slant of approximately $8,600), unlike February where we saw a slight increase from the preceding month. 

With 742 total sales for the county, closings were 9.3% lower than the same month last year. March marks the second month in a row that year-over-year declines were limited to single digits, pointing to an uptick in overall market activity. 

This is echoed by a month-over-month decrease in Days on Market — homes spent an average of six more days on the market in February than they did in March 2023, where they spent a total of 72 days before going under contract.

ADA COUNTY MARKET STATS

Ada County Market Report | Condos, Townhomes, and Mobile/Manufactured Homes Report | Ada County Snapshot | Ada County Existing Snapshot | Ada County New Construction Snapshot

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