Kootenai County Market Report – December 2022

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DECEMBER 2022


In December 2022, Kootenai County home prices were up 4.2% compared to last year, selling for a median price of $536,794. On average, homes in Kootenai County sell after 99 days on the market, up 23.8% from last year in December. There were 167 homes sold in December this year, down from 343 last year. Average Sales Price

Current Listing Inventory

Average Days On Market

$598,037

860

99

Down 8.3%

Up 103.8%

Up 23.8%

Median Sales Price

Closed Sales

Annual Residential Sales

$536,794

167

3,465

Up 4.2%

Down 51.3%

Down 26.1%

Average Days On Market 12-month comparison, highlighting current month.

100

95

95

90 81 80

72

70

99

85

71 63

66 60

59

57

Apr '22

May '22

June '22

60 50 Jan '22

Feb '22

Mar '22

July '22

Aug '22

Sep '22

Oct '22

Nov '22

De c '22

Monthly Mortgage Rates Monthly 30-year fixed mortgage rates highlighting the week ending Thursday, December 29, 2022.

6.70%

7.00% 6.25%

5.70% 5.10%

5.50%

5.30%

6.49%

6.42%

Nov '22

De c '22

5.66%

4.67%

4.75% 4.00% 3.25%

5.10%

7.08%

3.55%

3.89%

3.11%

2.50% De c '21

2

Jan '22

Feb '22

Kootenai County Market Report | December 2022

Mar '22

Apr '22

May '22 June '22 July '22

Aug '22

Sep '22

Oct '22


Active Residential Listings As of 12/15/2022, month/year comparison. 1400 1204

1234

1200

1187

1160 1005

936

1000 800

860

681 511

600 382

329

323

Jan '22

Feb '22

400 200

Mar '22

Apr '22

May '22

June '22

July '22

Aug '22

Sep '22

Oct '22

Nov '22

De c '22

Active Listings By Price Range Year-over-year comparison as of 12/15/2022.

2021

200

169 133

132

150

114

100 51 6 11

4

7

7 10

8 12

$150-200K 1%

126

$250K-300K 1%

52

$600K-$800K 20%

40

29 8

$1M+ 0-$150K 22% 3%

81

77

50

$800K-$1M 13%

192

2022

$300K-$350K 2%

10 200K-$250K 1%

+ $1 M

0$1 50 K

$1 50 -2 00 K 20 0K -$ 25 0K $2 50 K30 0K $3 00 K$3 50 $3 K 50 K$4 00 $4 K 00 K$5 00 $5 K 00 K$6 00 $6 K 00 K$8 00 K $8 00 K$1 M

0 $500K-$600K 16%

$400K-$500K 15%

$350K-$400K 6%

Sold Listings By Price Range Year-over-year comparison for the month of December.

2021

120

$600K-$800K 23%

2022 91

90

73 58

60

37

33

30

11 7

7

1

2

0

3

2

8 10

12

36

39

36 21

15

8

$250K-300K 1%

$500K-$600K 22%

+

$300K-$350K 6%

$1 M

$1 50 -2 00 K 20 0K -$ 25 0K $2 50 K30 0K $3 00 K$3 50 $3 K 50 K$4 00 $4 K 00 K$5 00 $5 K 00 K$6 00 $6 K 00 K$8 00 K $8 00 K$1 M

0 0$1 50 K

$800K-$1M 0-$150K 5% $1M+ 4% 9% $150-200K 1% 200K-$250K 0%

$400K-$500K 22%

$350K-$400K 7%

Kootenai County Market Report | December 2022

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