Is Kootenai County, ID a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Kootenai County has remained a Seller's Market.
Housing Prices in Kootenai County, ID
How much do homes in Kootenai County, ID cost?
Median Sold Price
$674,500
$332/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Kootenai County was $674,500 in May 2024, up 15.7% from last year, and the median price per square foot was $332.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $230K | $680K | +195.7% |
2 Bedrooms | $485K | $710.7K | +46.5% |
3 Bedrooms | $567.5K | $475K | -16.3% |
4 Bedrooms | $655K | $1.0M | +63.0% |
5+ Bedrooms | $850K | $808K | -4.9% |
Summary: Kootenai County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 195.7%, 2 bedroom homes increased by 46.5%, 3 bedroom homes decreased by 16.3%, 4 bedroom homes increased by 63%, and 5+ bedroom homes decreased by 4.9%.
Median Sold Price Compared To Nearby Counties
Kootenai County | $583K | $674.5K | +15.7% |
Spokane County | $418.4K | $422.3K | +0.9% |
Housing Supply in Kootenai County, ID
How many homes are available in Kootenai County, ID?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,124 | 1,302 | +15.8% |
Summary: The Kootenai County real estate market had 1,302 homes for sale in May 2024, a 15.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 19 | 24 | +26.3% |
2 Bedrooms | 116 | 141 | +21.6% |
3 Bedrooms | 530 | 607 | +14.5% |
4 Bedrooms | 323 | 377 | +16.7% |
5+ Bedrooms | 136 | 153 | +12.5% |
Summary: The Kootenai County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 26.3%, 2 bedroom homes increased by 21.6%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
228 | 254 | +11.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 254 homes were sold or pending in Kootenai County in May 2024, up by 11.4% month-over-month. Of the 10 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% were sold over asking.
Days on Market for Kootenai County, ID
How long does it take to sell a home in Kootenai County, ID?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
21 Days | 33 Days | +57.7% |
Summary: Homes in Kootenai County had an average of 33 days on market in May 2024, up by 57.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 254 homes were sold in Kootenai County; 3% of homes were sold within 30 days, 1% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.