Is Bonner County, ID a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Bonner County has remained a Buyer's Market.
Key Takeaway
Bonner County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bonner County, ID
How much do homes in Bonner County, ID cost?
Median Sold Price
$1,390,000
$433/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Bonner County have sold for 341.3% more than they did a month ago.
Summary: The median home sold price in Bonner County was $1,390,000 in May 2024, up 341.3% from last month, and the median price per square foot was $433.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $315K | - | N/A |
| 3 Bedrooms | - | $1.3M | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Bonner County housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Bonner County, ID
How many homes are available in Bonner County, ID?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 316 | 439 | +38.9% |
Summary: The Bonner County real estate market had 439 homes for sale in May 2024, a 38.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 17 | 23 | +35.3% |
| 2 Bedrooms | 55 | 80 | +45.5% |
| 3 Bedrooms | 142 | 207 | +45.8% |
| 4 Bedrooms | 65 | 85 | +30.8% |
| 5+ Bedrooms | 37 | 44 | +18.9% |
Summary: The Bonner County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 35.3%, 2 bedroom homes increased by 45.5%, 3 bedroom homes increased by 45.8%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes increased by 18.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 49 | +122.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bonner County, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 49 homes were sold or pending in Bonner County in May 2024, up by 122.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Bonner County, ID
How long does it take to sell a home in Bonner County, ID?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 Days | 43 Days | +975.0% |
Summary: Homes in Bonner County had an average of 43 days on market in May 2024, up by 975% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bonner County has remained consistent over time.
Summary: During May 2024, 49 homes were sold in Bonner County; 0% of homes were sold within 30 days, 2% 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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