Is Post Falls, 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, Post Falls has remained a Seller's Market.
Key Takeaway
Post Falls is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Post Falls, ID
How much do homes in Post Falls, ID cost?
Median Sold Price
$599,500
$271/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Post Falls have sold for 37.8% more than they did a month ago.
Summary: The median home sold price in Post Falls was $599,500 in March 2024, up 37.8% from last month, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $435K | - | N/A |
| 4 Bedrooms | - | $599.5K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Post Falls housing prices by bedroom type for March 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.
Median Sold Price Compared To Nearby Cities
| Post Falls | $435K | $599.5K | +37.8% |
| Post Falls-Rathdrum | $435K | $450K | +3.4% |
Housing Supply in Post Falls, ID
How many homes are available in Post Falls, ID?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 206 | 232 | +12.6% |
Summary: The Post Falls real estate market had 232 homes for sale in March 2024, a 12.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 13 | 10 | -23.1% |
| 3 Bedrooms | 111 | 130 | +17.1% |
| 4 Bedrooms | 57 | 61 | +7.0% |
| 5+ Bedrooms | 23 | 29 | +26.1% |
Summary: The Post Falls housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 23.1%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 26.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 42 | 52 | +23.8% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Post Falls, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 52 homes were sold or pending in Post Falls in March 2024, up by 23.8% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Post Falls, ID
How long does it take to sell a home in Post Falls, ID?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 Days | 2 Days | -50.0% |
Summary: Homes in Post Falls had an average of 2 days on market in Mar 2024, down by 50% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Post Falls are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 52 homes were sold in Post Falls; 4% 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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