Is Coeur D Alene, ID a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Coeur D Alene was a Seller's Market.
Key Takeaway
Coeur D Alene is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Coeur D Alene, ID
How much do homes in Coeur D Alene, ID cost?
Median Sold Price
$831,500
$381/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Coeur D Alene have sold for 47.2% more than they did a year ago.
Summary: The median home sold price in Coeur D Alene was $831,500 in May 2024, up 47.2% from last year, and the median price per square foot was $381.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $680K | N/A |
| 2 Bedrooms | $605K | $750K | +24.0% |
| 3 Bedrooms | $535K | $505K | -5.6% |
| 4 Bedrooms | $527.5K | $1.3M | +146.9% |
| 5+ Bedrooms | $685K | $2.1M | +206.6% |
Summary: Coeur D Alene 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 increased by 24%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 146.9%, and 5+ bedroom homes increased by 206.6%.
Housing Supply in Coeur D Alene, ID
How many homes are available in Coeur D Alene, ID?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 387 | 468 | +20.9% |
Summary: The Coeur D Alene real estate market had 468 homes for sale in May 2024, a 20.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 10 | +42.9% |
| 2 Bedrooms | 66 | 82 | +24.2% |
| 3 Bedrooms | 142 | 180 | +26.8% |
| 4 Bedrooms | 129 | 147 | +14.0% |
| 5+ Bedrooms | 43 | 49 | +14.0% |
Summary: The Coeur D Alene housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 42.9%, 2 bedroom homes increased by 24.2%, 3 bedroom homes increased by 26.8%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 14%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 74 | 64 | -13.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Coeur D Alene, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 64 homes were sold or pending in Coeur D Alene in May 2024, down by 13.5% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Coeur D Alene, ID
How long does it take to sell a home in Coeur D Alene, ID?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 36 Days | 20 Days | -44.4% |
Summary: Homes in Coeur D Alene had an average of 20 days on market in May 2024, down by 44.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Coeur D Alene are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 64 homes were sold in Coeur D Alene; 2% of homes were sold within 30 days, 2% 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.
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