Is Post Falls, ID a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 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
$550,000
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Post Falls have sold for 21.4% less than they did a year ago.
Summary: The median home sold price in Post Falls was $550,000 in April 2024, down 21.4% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $750K | $262K | -65.1% |
| 3 Bedrooms | $583K | $467.4K | -19.8% |
| 4 Bedrooms | $727.2K | $450K | -38.1% |
| 5+ Bedrooms | $850K | $650K | -23.5% |
Summary: Post Falls housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 65.1%, 3 bedroom homes decreased by 19.8%, 4 bedroom homes decreased by 38.1%, and 5+ bedroom homes decreased by 23.5%.
Median Sold Price Compared To Nearby Cities
| Coeur D Alene | $565K | $1.0M | +88.8% |
| Post Falls-Rathdrum | $560K | $470K | -16.1% |
| Post Falls | $700K | $550K | -21.4% |
Housing Supply in Post Falls, ID
How many homes are available in Post Falls, ID?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 238 | 252 | +5.9% |
Summary: The Post Falls real estate market had 252 homes for sale in April 2024, a 5.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 13 | 13 | 0.0% |
| 3 Bedrooms | 135 | 149 | +10.4% |
| 4 Bedrooms | 60 | 59 | -1.7% |
| 5+ Bedrooms | 28 | 28 | 0.0% |
Summary: The Post Falls housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 10.4%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 61 | 63 | +3.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Post Falls, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 63 homes were sold or pending in Post Falls in April 2024, up by 3.3% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 69 Days | 67 Days | -2.9% |
Summary: Homes in Post Falls had an average of 67 days on market in Apr 2024, down by 2.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Post Falls are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 63 homes were sold in Post Falls; 2% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
Listings courtesy of Spokane Association of REALTORS® MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Spokane Association of REALTORS®. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the SARMLS. Real estate listings held by other brokerage firms are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Copyright 2024 Spokane Association of REALTORS® MLS. All rights reserved.
Listings with this icon are © 2024 of InterMountain MLS. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. Information provided by IMLS is deemed reliable but not guaranteed.