Is Post Falls-Rathdrum, ID a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Post Falls-Rathdrum is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Post Falls-Rathdrum was a Neutral Market.

Key Takeaway

Post Falls-Rathdrum is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Post Falls-Rathdrum, ID

How much do homes in Post Falls-Rathdrum, ID cost?

Median Sold Price

$435,000

$234/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

+$67,500(+18.4%)

Key Takeaway

Homes in Post Falls-Rathdrum have sold for 18.4% more than they did a month ago.

Summary: The median home sold price in Post Falls-Rathdrum was $435,000 in February 2024, up 18.4% from last month, and the median price per square foot was $234.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 --
N/A
3 $367.5K$435K
+18.4%
4 --
N/A
5+ --
N/A

Summary: Post Falls-Rathdrum housing prices by bedroom type for February 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 increased by 18.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Post Falls
+67.3%
Post Falls-Rathdrum
+18.4%

Housing Supply in Post Falls-Rathdrum, ID

How many homes are available in Post Falls-Rathdrum, ID?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
316323+2.2%

Summary: The Post Falls-Rathdrum real estate market had 323 homes for sale in February 2024, a 2.2% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 22
0.0%
2 1722
+29.4%
3 165173
+4.8%
4 108104
-3.7%
5+ 2422
-8.3%

Summary: The Post Falls-Rathdrum housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 29.4%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes decreased by 8.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
5264+23.1%

Asking Price vs. Sold Price

0 Homes Were 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 Post Falls-Rathdrum, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 64 homes were sold or pending in Post Falls-Rathdrum in February 2024, up by 23.1% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Post Falls-Rathdrum, ID

How long does it take to sell a home in Post Falls-Rathdrum, ID?

Average Sale Time

Jan 2024Feb 2024CHANGE
63 Days5 Days-92.1%

Summary: Homes in Post Falls-Rathdrum had an average of 5 days on market in Feb 2024, down by 92.1% compared to last month.

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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Post Falls-Rathdrum are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 64 homes were sold in Post Falls-Rathdrum; 2% 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.

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

Report Updated 28 Days Ago

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