The median price of a single-family home in Canyon County in April was almost $400,000.
According to data from the Intermountain Multiple Listing Service, the median listing price was $399,856. That’s a 46% increase from the April 2020 mark of $273,117.
While home prices in the Treasure Valley have soared recently, and especially in the past year, this marks another big increase. Compared to five years ago in April 2016, when the median home price was $160,000, it’s a 150% jump.
Tracy Kasper, a Treasure Valley real estate agent for 24 years, pointed to rising lumber and building materials costs driving up overall costs in addition to high demand and low supply.