Kootenai County Market Report – January 2024

Page 1

January 2024


Average Sales Price

Current Listing Inventory

Average Days On Market

$597,923

850

123

Down 10.5%

Up 16.6%

Up 11.8%

Median Sales Price

Closed Sales

Annual Residential Sales

$487,990

149

149

Down 7.9%

Up 2.8%

Down 2.8%

Information pulled on 02/01/2024 The information in this report is compiled from a report given by the Coeur d’Alene Association of REALTORS® and to the best of our knowledge is accurate and current.

Average Days On Market 12-month comparison, highlighting current month. 130

123

120 110

113 104

103

101

100

93

90

88

85

80

81

79

78

76

May '23

June '23

July '23

70 Feb '23

Mar '23

Apr '23

Aug '23

Sep '23

Oct '23

Nov '23

De c '23

Jan '24

Monthly Mortgage Rates Monthly 30-year fixed mortgage rates highlighting the week ending Thursday, February 1, 2024. 8.00%

7.79%

7.75% 7.50%

7.18%

7.25% 7.00%

6.79%

6.75%

6.50%

6.50% 6.25%

6.32%

6.71%

7.31%

7.22%

6.81% 6.61%

6.63%

De c '23

Jan '24

6.43%

6.13%

6.00% Jan '23

2

Feb '23

Mar '23

Kootenai County Market Report | January 2024

Apr '23

May '23 June '23 July '23

Aug '23

Sep '23

Oct '23

Nov '23


Active Residential Listings As of 1/15/2024, month/year comparison. 1400

1283 1167

1200

1317

1216

1216 1131 1027

1015 1000

873

850

754

800

673

600 Feb '23

Mar '23

Apr '23

May '23

June '23

July '23

Aug '23

Sep '23

Oct '23

Nov '23

De c '23

Jan '24

Active Listings By Price Range Year-over-year comparison as of 1/15/2024. 200 175 150 125 100 75 50 25 0

2023

183

175

167

2024

152

$800K-$1M 9%

152

0-$150K $1M+ $150-200K 21% 3% 2%

134 114

111

$600K-$800K 21%

82 80 49 30 25

14 16

11

12 8

39

$300K-$350K 1%

9 12

200K-$250K 1%

$500K-$600K 16%

$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

4

$250K-300K 1%

$350K-$400K 5%

$400K-$500K 20%

Sold Listings By Price Range Year-over-year comparison for the month of January. 50

2023

2024

38

40

26 25

30

21

20 10

$600K-$800K 13%

41

13 14 9

7 3

0

1

1

3

1

19

19 19 13

8

$500K-$600K 17%

$800K-$1M 7%

$1M+ 13%

0-$150K 5% $150-200K 1%

200K-$250K 2%

10

$250K-300K 1%

2

+

$300K-$350K 5%

$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 $400K-$500K 27%

$350K-$400K 9%

Kootenai County Market Report | January 2024

3


cbspokane.com The information in this report is compiled from a report given by the Coeur d’Alene Association of REALTORS® and to the best of our knowledge is accurate and current. ©Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Not intended as a solicitation if your property is already listed by another broker. Information deemed reliable but not guaranteed and should be independently verified.


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