Is Kootenai County, ID a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kootenai County is a seller's market

Buyer's
Market

Difference Since February 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

$677,250

$328/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$102,250(+17.8%)

Key Takeaway

Homes in Kootenai County have sold for 17.8% more than they did a year ago.

Summary: The median home sold price in Kootenai County was $677,250 in February 2024, up 17.8% from last year, and the median price per square foot was $328.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $240K$680K
+183.3%
2 $475K$674.5K
+42.0%
3 $560K$578K
+3.2%
4 $725K$855K
+17.9%
5+ $840K$925K
+10.1%

Summary: Kootenai County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 183.3%, 2 bedroom homes increased by 42%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 10.1%.

Median Sold Price Compared To Nearby Counties

Kootenai County
+17.8%
Spokane County
-1.3%

Housing Supply in Kootenai County, ID

How many homes are available in Kootenai County, ID?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
804870+8.2%

Summary: The Kootenai County real estate market had 870 homes for sale in February 2024, a 8.2% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 2021
+5.0%
2 84100
+19.0%
3 391413
+5.6%
4 224236
+5.4%
5+ 85100
+17.6%

Summary: The Kootenai County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 17.6%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
125148+18.4%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kootenai County, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 148 homes were sold or pending in Kootenai County in February 2024, up by 18.4% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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

Feb 2023Feb 2024CHANGE
19 Days104 Days+430.1%

Summary: Homes in Kootenai County had an average of 104 days on market in Feb 2024, up by 430.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Kootenai County are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 148 homes were sold in Kootenai County; 1% 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

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