Is Kootenai County, ID a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Kootenai County has remained a Seller's Market.
Key Takeaway
Kootenai County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kootenai County, ID
How much do homes in Kootenai County, ID cost?
Median Sold Price
$674,500
$332/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Kootenai County have sold for 15.7% more than they did a year ago.
Summary: The median home sold price in Kootenai County was $674,500 in May 2024, up 15.7% from last year, and the median price per square foot was $332.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $680K | +195.7% |
| 2 Bedrooms | $485K | $710.7K | +46.5% |
| 3 Bedrooms | $567.5K | $475K | -16.3% |
| 4 Bedrooms | $655K | $1.0M | +63.0% |
| 5+ Bedrooms | $850K | $808K | -4.9% |
Summary: Kootenai County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 195.7%, 2 bedroom homes increased by 46.5%, 3 bedroom homes decreased by 16.3%, 4 bedroom homes increased by 63%, and 5+ bedroom homes decreased by 4.9%.
Median Sold Price Compared To Nearby Counties
| Kootenai County | $583K | $674.5K | +15.7% |
| Spokane County | $418.4K | $422.3K | +0.9% |
Housing Supply in Kootenai County, ID
How many homes are available in Kootenai County, ID?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1,124 | 1,302 | +15.8% |
Summary: The Kootenai County real estate market had 1,302 homes for sale in May 2024, a 15.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 19 | 24 | +26.3% |
| 2 Bedrooms | 116 | 141 | +21.6% |
| 3 Bedrooms | 530 | 607 | +14.5% |
| 4 Bedrooms | 323 | 377 | +16.7% |
| 5+ Bedrooms | 136 | 153 | +12.5% |
Summary: The Kootenai County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 26.3%, 2 bedroom homes increased by 21.6%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 228 | 254 | +11.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Kootenai County, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 254 homes were sold or pending in Kootenai County in May 2024, up by 11.4% month-over-month. Of the 10 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% were sold over asking.
Days on Market for Kootenai County, ID
How long does it take to sell a home in Kootenai County, ID?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 21 Days | 33 Days | +57.7% |
Summary: Homes in Kootenai County had an average of 33 days on market in May 2024, up by 57.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Kootenai County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 254 homes were sold in Kootenai County; 3% of homes were sold within 30 days, 1% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Spokane Association of REALTORS® MLS as distributed by MLS GRID.
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