Is Kootenai County, ID a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$689,000
$334/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Kootenai County have sold for 18.5% more than they did a year ago.
Summary: The median home sold price in Kootenai County was $689,000 in March 2024, up 18.5% from last year, and the median price per square foot was $334.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $680K | +183.3% |
| 2 Bedrooms | $480K | $702.2K | +46.3% |
| 3 Bedrooms | $575K | $515K | -10.4% |
| 4 Bedrooms | $725K | $862.5K | +19.0% |
| 5+ Bedrooms | $837.5K | $1.2M | +52.2% |
Summary: Kootenai County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 183.3%, 2 bedroom homes increased by 46.3%, 3 bedroom homes decreased by 10.4%, 4 bedroom homes increased by 19%, and 5+ bedroom homes increased by 52.2%.
Median Sold Price Compared To Nearby Counties
| Kootenai County | $581.5K | $689K | +18.5% |
| Spokane County | $424.8K | $420.1K | -1.1% |
Housing Supply in Kootenai County, ID
How many homes are available in Kootenai County, ID?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 880 | 1,006 | +14.3% |
Summary: The Kootenai County real estate market had 1,006 homes for sale in March 2024, a 14.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 19 | 22 | +15.8% |
| 2 Bedrooms | 99 | 118 | +19.2% |
| 3 Bedrooms | 421 | 464 | +10.2% |
| 4 Bedrooms | 241 | 287 | +19.1% |
| 5+ Bedrooms | 100 | 115 | +15.0% |
Summary: The Kootenai County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.8%, 2 bedroom homes increased by 19.2%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 19.1%, and 5+ bedroom homes increased by 15%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 163 | 187 | +14.7% |
Asking Price vs. Sold Price
2 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, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 187 homes were sold or pending in Kootenai County in March 2024, up by 14.7% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 28 Days | 77 Days | +174.3% |
Summary: Homes in Kootenai County had an average of 77 days on market in Mar 2024, up by 174.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kootenai County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 187 homes were sold in Kootenai County; 2% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.
Listings courtesy of Spokane Association of REALTORS® MLS as distributed by MLS GRID.
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