Is Post Falls-Rathdrum, 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-Rathdrum has remained a Seller's 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
$470,000
$292/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Post Falls-Rathdrum have sold for 16.1% less than they did a year ago.
Summary: The median home sold price in Post Falls-Rathdrum was $470,000 in April 2024, down 16.1% from last year, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | - | N/A |
| 2 Bedrooms | $475K | $295K | -37.9% |
| 3 Bedrooms | $540.5K | $464.9K | -14.0% |
| 4 Bedrooms | $599.9K | $624.5K | +4.1% |
| 5+ Bedrooms | $837.5K | $650K | -22.4% |
Summary: Post Falls-Rathdrum 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 37.9%, 3 bedroom homes decreased by 14%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 22.4%.
Median Sold Price Compared To Nearby Cities
| Post Falls-Rathdrum | $560K | $470K | -16.1% |
| Post Falls | $700K | $550K | -21.4% |
Housing Supply in Post Falls-Rathdrum, ID
How many homes are available in Post Falls-Rathdrum, ID?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 359 | 360 | 0.3% |
Summary: The Post Falls-Rathdrum real estate market had 360 homes for sale in April 2024, a 0.3% 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 | 20 | 21 | +5.0% |
| 3 Bedrooms | 202 | 214 | +5.9% |
| 4 Bedrooms | 100 | 83 | -17.0% |
| 5+ Bedrooms | 35 | 39 | +11.4% |
Summary: The Post Falls-Rathdrum 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 increased by 5%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 17%, and 5+ bedroom homes increased by 11.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 91 | 88 | -3.3% |
Asking Price vs. Sold Price
3 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-Rathdrum, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 88 homes were sold or pending in Post Falls-Rathdrum in April 2024, down by 3.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 69 Days | 51 Days | -26.1% |
Summary: Homes in Post Falls-Rathdrum had an average of 51 days on market in Apr 2024, down by 26.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Post Falls-Rathdrum are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 88 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 2% of homes were sold over 90 days.
Listings courtesy of Spokane Association of REALTORS® MLS as distributed by MLS GRID.
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