Is Bonner County, ID a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Bonner County was a Seller'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
$770,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bonner County have sold for 25.2% more than they did a year ago.
Summary: The median home sold price in Bonner County was $770,000 in April 2024, up 25.2% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $500K | $473.5K | -5.3% |
| 3 Bedrooms | $468.2K | $582.5K | +24.4% |
| 4 Bedrooms | $748.7K | $2.7M | +263.9% |
| 5+ Bedrooms | $1.6M | $824K | -50.4% |
Summary: Bonner County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.3%, 3 bedroom homes increased by 24.4%, 4 bedroom homes increased by 263.9%, and 5+ bedroom homes decreased by 50.4%.
Median Sold Price Compared To Nearby Counties
| Bonner County | $615K | $770K | +25.2% |
| Kootenai County | $577.5K | $689.5K | +19.4% |
| Pend Oreille County | $395.4K | $417.5K | +5.6% |
| Lincoln County | $425K | $361.2K | -15.0% |
Housing Supply in Bonner County, ID
How many homes are available in Bonner County, ID?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 244 | 335 | +37.3% |
Summary: The Bonner County real estate market had 335 homes for sale in April 2024, a 37.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 19 | +18.8% |
| 2 Bedrooms | 45 | 59 | +31.1% |
| 3 Bedrooms | 109 | 152 | +39.4% |
| 4 Bedrooms | 46 | 66 | +43.5% |
| 5+ Bedrooms | 28 | 39 | +39.3% |
Summary: The Bonner County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.8%, 2 bedroom homes increased by 31.1%, 3 bedroom homes increased by 39.4%, 4 bedroom homes increased by 43.5%, and 5+ bedroom homes increased by 39.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 22 | -12.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bonner County, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Bonner County in April 2024, down by 12.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% 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 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 32 Days | 4 Days | -87.5% |
Summary: Homes in Bonner County had an average of 4 days on market in Apr 2024, down by 87.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bonner County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 22 homes were sold in Bonner County; 5% of homes were sold within 30 days, 0% 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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