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 May 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
$467,445
$292/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Post Falls-Rathdrum have sold for 22.1% less than they did a year ago.
Summary: The median home sold price in Post Falls-Rathdrum was $467,445 in May 2024, down 22.1% from last year, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | - | N/A |
| 2 Bedrooms | $475K | $295K | -37.9% |
| 3 Bedrooms | $571.5K | $450K | -21.3% |
| 4 Bedrooms | $754.5K | $624.5K | -17.2% |
| 5+ Bedrooms | $837.5K | $650K | -22.4% |
Summary: Post Falls-Rathdrum housing prices by bedroom type for May 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 21.3%, 4 bedroom homes decreased by 17.2%, and 5+ bedroom homes decreased by 22.4%.
Housing Supply in Post Falls-Rathdrum, ID
How many homes are available in Post Falls-Rathdrum, ID?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 376 | 399 | +6.1% |
Summary: The Post Falls-Rathdrum real estate market had 399 homes for sale in May 2024, a 6.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 20 | 21 | +5.0% |
| 3 Bedrooms | 217 | 223 | +2.8% |
| 4 Bedrooms | 97 | 108 | +11.3% |
| 5+ Bedrooms | 39 | 45 | +15.4% |
Summary: The Post Falls-Rathdrum housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 88 | 109 | +23.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was 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. 60% of homes here sold below asking price last month.
Summary: A total of 109 homes were sold or pending in Post Falls-Rathdrum in May 2024, up by 23.9% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 3 Days | 12 Days | +300.0% |
Summary: Homes in Post Falls-Rathdrum had an average of 12 days on market in May 2024, up by 300% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 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 May 2024, 109 homes were sold in Post Falls-Rathdrum; 4% 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.
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.