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 buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Kootenai County was a Neutral Market.

Key Takeaway

Kootenai County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Kootenai County, ID cost?

Median Sold Price

$640,000

$314/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

-$90,000(-12.3%)

Key Takeaway

Homes in Kootenai County have sold for 12.3% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 -$530K
N/A
2 $630K$630K
0.0%
3 $615K$575K
-6.5%
4 $771.2K$700K
-9.2%
5+ $1.3M$692.5K
-48.1%

Median Sold Price Compared To Nearby Counties

Spokane County
+13.1%
Kootenai County
-12.3%
Bonner County
-24.3%

How many homes are available in Kootenai County, ID?

Number of Homes For Sale

Oct 2022Nov 2022%
1,3801,342-2.8%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 2220
-9.1%
2 159157
-1.3%
3 593572
-3.5%
4 438420
-4.1%
5+ 168173
+3.0%

Number of Homes Sold

Oct 2022Nov 2022%
214168-21.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were 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. 83.3% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
23 Days43 Days+87.7%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 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.

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

About Kootenai County, ID

Kootenai County, ID has 1,342 homes on the market. The number of listings in Kootenai County, ID decreased by 2.8% between October 2022 and November 2022. In November 2022 median list price was $640,000 and the average listing age was 43 days. Listing prices have changed in this real estate market between October 2022 and November 2022: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties stayed the same, prices of 3 bedrooms properties went down by 6.5%, 4 bedrooms properties prices decreased by 9.2%, the cost of 5 bedrooms properties went down by 48.1%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory decreased by 9.1%, the quantity of 2 bedrooms homes went down by 1.3%, volume of 3 bedrooms homes went down by 3.5%, 4 bedrooms homes became 4.1% less available, 5 bedrooms homes inventory increased by 3%. Over 0 listings were sold over their listed price in November 2022 in Kootenai County, ID. In the same period over 5 listings were sold below the listed price and 1 listings were sold for the listed price.

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