As Ada County home prices rise, so has the number of million-dollar homes
August 12, 2021
This article written by Paul Schwedelson and published by Idaho Press on Sunday, August 1, 2021. Read the full article.
BOISE — As home prices in the Treasure Valley have risen sharply in recent years, so has the number of homes sold for $1 million or more.
In Ada County in 2016, there were 38 homes sold for $1 million or more, according to data from the Intermountain Multiple Listing Service.
In 2020, that number was up to 314. There have already been 362 million-dollar homes sold in 2021, as of Wednesday.
It’s a stark rise in the past five years that mirrors the overall trend of increasing housing prices. In 2016, the median price of a single-family home in Ada County was $244,900. In June of 2021, it was $525,000 — more than double.
The number of homes sold for $1 million or more is not included in the Intermountain Multiple Listing Service’s publicly available information but was provided to the Idaho Press by Boise-area Realtors. Read the full article.
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