$10,000 Closing Credit*
$1,650,000
2,403 SqFt
4 Beds
•3 Baths
Listing Office: Better Homes and Gardens Hope Realty
Is Rathdrum, ID a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Rathdrum has remained a Seller's Market.
Key Takeaway
Rathdrum is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rathdrum, ID
How much do homes in Rathdrum, ID cost?
Median Sold Price
$1,007,200
$292/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$552,200(+121.4%)
Key Takeaway
Homes in Rathdrum have sold for 121.4% more than they did a month ago.
Summary: The median home sold price in Rathdrum was $1,007,200 in November 2024, up 121.4% from last month, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $455K | - | N/A |
| 4 Bedrooms | - | $1.0M | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Rathdrum housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Rathdrum | $455K | $1.0M | +121.4% |
| Post Falls-Rathdrum | $477.5K | $856.1K | +79.3% |
Housing Supply in Rathdrum, ID
How many homes are available in Rathdrum, ID?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 154 | 123 | -20.1% |
Summary: The Rathdrum real estate market had 123 homes for sale in November 2024, a 20.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 17 | 12 | -29.4% |
| 3 Bedrooms | 74 | 47 | -36.5% |
| 4 Bedrooms | 44 | 45 | +2.3% |
| 5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The Rathdrum housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 29.4%, 3 bedroom homes decreased by 36.5%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 29 | -23.7% |
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 Rathdrum, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Rathdrum in November 2024, down by 23.7% 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 Rathdrum, ID
How long does it take to sell a home in Rathdrum, ID?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 Days | 33 Days | -22.1% |
Summary: Homes in Rathdrum had an average of 33 days on market in Nov 2024, down by 22.1% compared to last month.
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 Rathdrum are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 29 homes were sold in Rathdrum; 3% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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