Near Snake River wine country and Lake Lowell, Caldwell is one of the most affordable cities in Canyon County. Current population is around 80,000. That's up over 31% in the last 6 years and over 4% in the last year. Lots of new homes being built here.
Existing homes sold last month averaged $466,860 median $389,500. Market times average 37, half sold in 18 days.
Looking at the velocity of listings and contract signings, you can see Caldwell was a very tight market post covid, but has been softening as the lines spread farther apart. Dipping mortgage rates earlier this year tightened inventory and drove prices up in Q2, but the spread is back and will get larger this winter with the latest bump in rates.
New construction accounts for 49% of all homes for sale in Caldwell today. Only 5 foreclosed and 1 short sale thanks to recent price increases.
The history of available listings shows how seasonal the Caldwell housing market is. You can clearly see the covid dive in inventory in 2020, the inventory spike in 2022 when mortgage rates nearly doubled and the huge surge in new construction sales last spring when mortgage rates dipped.
Call or text me with any questions, or for my local insights, good local lenders or listings of homes for sale that meet your criteria. And if you need to buy or sell a home, I would like to apply for the job.
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