Is Rathdrum, 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, Rathdrum has remained a Seller's Market.
Key Takeaway
Rathdrum is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rathdrum, ID
How much do homes in Rathdrum, ID cost?
Median Sold Price
$450,000
$319/sqft
Based on all homes sold in April 2024.
The Median Sold Price hasn't changed since March 2024.
Key Takeaway
The sold price of homes in Rathdrum has remained the same since last month.
Summary: The median home sold price in Rathdrum was $450,000 in April 2024, the same as last month, and the median price per square foot was $319.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $450K | $450K | 0.0% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Rathdrum housing prices by bedroom type for April 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.
Housing Supply in Rathdrum, ID
How many homes are available in Rathdrum, ID?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 154 | 139 | -9.7% |
Summary: The Rathdrum real estate market had 139 homes for sale in April 2024, a 9.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 86 | 82 | -4.7% |
| 4 Bedrooms | 49 | 31 | -36.7% |
| 5+ Bedrooms | 8 | 15 | +87.5% |
Summary: The Rathdrum housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes decreased by 36.7%, and 5+ bedroom homes increased by 87.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 31 | -13.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rathdrum, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Rathdrum in April 2024, down by 13.9% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Rathdrum, ID
How long does it take to sell a home in Rathdrum, ID?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 Days | 3 Days | -85.7% |
Summary: Homes in Rathdrum had an average of 3 days on market in Apr 2024, down by 85.7% 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
Key Takeaway
Many homes in Rathdrum are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 31 homes were sold in Rathdrum; 3% 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.
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.