Quad Cities Quarterly Market Report - Q3 2023

Quad Cities M a r k e t

R e p o r t

Latah • Whitman • Nez Perce • Asotin

2023

Q3

CONTENTS Q3 2023 Market REPORT

2

4

10

16

22

LATAH COUNTY MARKET DATA

WHITMAN COUNTY MARKET DATA

NEZ PERCE COUNTY MARKET DATA

ASOTIN COUNTY MARKET DATA

Quad Cities Quarterly Market Report | Q3 2023

Today’s Real Estate Market in the Quad Cities Region Q3–2023 Market Summary The first three quarters of 2023 are now in the books and a slow market has continued through it.

Multiple factors contributed to a softening market including high interest rates, limited inventory, and recession fears.

In the Latah County, closed transactions were down 24.3% from this same last year, with new listings also decreased by 13.8% compared to Q3 2022. In this same time frame, the median sales price increased only slightly by 7.2% to $425,000 while average sales price increased 11.1% to $441,789 The Whitman County market was once again the only county to show an increase in the amount of new listings in comparison to Q3 2022, with 147 properties listed in the quarter. This was an increase of 5.7% from last year, but a 14.5% decrease from last quarter. Home sale prices have shown a slight decreasing trend over the past year, falling 2.0% from Q2 2022 to a median home sale price of $370,000.

The Nez Perce County market – as with all of the other markets – realized rise current active listings in relation to the previous quarter, increasing by 51.9%, with 82 properties active at thime this report was pulled. The median home sale price dropped 1.8% from the previous year to $330,000.

The median days on market increased to 15 days, compared to 11 days in previous year.

The market west of the state line in Asotin County market saw the most notable drop in median sale price, decreasing by 6.3% from last year to $327,500, where it was $349,500 at the same time a year ago. Closed transactions also plunged by 27.0% from the previous year, with 54 homes sold in Q3 2023 There has been an increase in activity in the back half of 2023, coupled with an upswing in buyer inquiries. We are continuing to keep a close eye on interest rates along with inventory levels as we head through the fall selling season.

Jason Brown Designated Broker / Regional Manager

Quad Cities Quarterly Market Report | Q3 2023

3

Latah County

What’s in the Latah County Data?

In Quarter 3 2023, Latah County median home prices were up 7.2% compared to last year and down 3.2% compared to last quarter, selling for a median price of $425,000. There were 81 homes sold in Q3 2023 this year, down from 107 at this same time last year.

On median, homes in Latah County sell after 10 days on the market, up 42.9% from this same time last year. There were 81 new listings to go live last quarter and there are a total of 51 active listings at the time of this report.

4

Quad Cities Quarterly Market Report | Q3 2023 - Latah County

Q3 2023 Market data

Latah County At a Glance

Median Sales Price

Closed Sales

Median Days on Market

$425,000

81

10

Down 3.2% prior quarter Up 7.2% prior year

Down 4.7% prior quarter Down 24.3% prior year

Up 25.0% prior quarter Up 42.9% prior year

Snapshot overview

Latah County

Q3 2023

Q2 2023

% Change

Q3 2022

% Change

(Current)

(Last Quarter)

(Last Quarter)

(Last Year)

(Last Year)

Closed Sales

81

85

-4.7%

107

-24.3%

Median Sales Price

$425,000

$439,000

-3.2%

$396,550

+7.2%

Average Sales Price

$441,789

$445,615

-0.9%

$397,584

+11.1%

Median DOM

10

8

+25.0%

7

+42.9%

New Listings

81

105

-22.9%

94

-13.8%

Active Listings

51

39

+30.8%

34

+50.0%

Information pulled on 10/04/2023.

The information in this report section for Latah County is compiled from a report given by the Intermountain MLS and to the best of our knowledge is accurate and current.

Quad Cities Quarterly Market Report | Q3 2023 - Latah County

5

Closed Sales As of 10/04/2023. By quarter dating from Q1 2018 to Q3 2023.

Closed Sales is the number of properties sold.

150

125

130 120

116

120

118 109

100 98

107 101

96

95 88

75 71 50

85

80

81

66

59

57 51

51 42

37

Q3 -2 3

Q2 -2 3

Q1 -2 3

Q4 -2 2

Q3 -2 2

Q2 -2 2

Q1 -2 2

Q4 -2 1

Q3 -2 1

Q2 -2 1

Q1 -2 1

Q4 -2 0

Q3 -2 0

Q2 -2 0

Q1 -2 0

Q4 -1 9

Q3 -1 9

Q2 -1 9

Q1 -1 9

Q4 -1 8

Q3 -1 8

Q2 -1 8

Q1 -1 8

25

Closed Sales By Price Range As of 10/04/2023. Year-over-year comparison for Q3 2023 and Q3 2022.

Closed Sales By Price Range is the number and percentage of properties sold in different price ranges.

Q3 2022

Q3 2023

32 29.9% 28 24

23.4%

30.9% 27.2%

20

19.6% 23.5%

16 12 11.2%

10.3% 8 4

6.2%

5.6%

6.2%

6.2%

$200K-$250K

$250K-300K

0 $0-200K

6

Quad Cities Quarterly Market Report | Q3 2023 - Latah County

$300K-$400K

$400K-$500K

$500K+

Average and Median Sales Price As of 10/04/2023. By quarter dating from Q1 2018 to Q3 2023.

Median Sales Price is the mid-point (median) value where the price for half of the closed sales is higher and half is lower.

Average Sales Price is the sum of the sold dollar volume divided by the number of units sold.

$450

Average

Median

$425 $400 $375 $350 $325 $300 $275 $250 $225

Q1 -2 3

Q2 -2 3

Q3 -2 3

Q1 -2 3

Q2 -2 3

Q3 -2 3

Q4 -2 2

Q3 -2 2

Q2 -2 2

Q1 -2 2

Q4 -2 1

Q3 -2 1

Q2 -2 1

Q1 -2 1

Q4 -2 0

Q3 -2 0

Q2 -2 0

Q1 -2 0

Q4 -1 9

Q3 -1 9

Q2 -1 9

Q1 -1 9

Q4 -1 8

Q3 -1 8

Q2 -1 8

Q1 -1 8

$200

Median Days on Market As of 10/04/2023. By quarter dating from Q1 2018 to Q3 2023.

Days on Market is the median number of days between when a property is listed and the contract date.

30 27 24 21 18 15 12 9 6 3

Q4 -2 2

Q3 -2 2

Q2 -2 2

Q1 -2 2

Q4 -2 1

Q3 -2 1

Q2 -2 1

Q1 -2 1

Q4 -2 0

Q3 -2 0

Q2 -2 0

Q1 -2 0

Q4 -1 9

Q3 -1 9

Q2 -1 9

Q1 -1 9

Q4 -1 8

Q3 -1 8

Q2 -1 8

Q1 -1 8

0

Quad Cities Quarterly Market Report | Q3 2023 - Latah County

7

New Listings As of 10/04/2023. By quarter dating from Q1 2018 to Q3 2023.

New Listings is the number of properties listed regardless of current status.

175

150

154

150

144

125

100

126

123

119

118 104

106

100

105

102

96

75

79

94 81

80

78

71 62

50

49 42

39

Q3 -2 3

Q2 -2 3

Q1 -2 3

Q4 -2 2

Q3 -2 2

Q2 -2 2

Q1 -2 2

Q4 -2 1

Q3 -2 1

Q2 -2 1

Q1 -2 1

Q4 -2 0

Q3 -2 0

Q2 -2 0

Q1 -2 0

Q4 -1 9

Q3 -1 9

Q2 -1 9

Q1 -1 9

Q4 -1 8

Q3 -1 8

Q2 -1 8

Q1 -1 8

25

Sale-to-List Price Ratio As of 10/04/2023. By quarter dating from Q1 2018 to Q3 2023.

Sale-to-List Price Ratio is the average of sales price divided by the final list price expressed as a percentage.

102.9%

103.0% 102.3%

102.5% 102.0%

101.6%

101.5% 101.0% 100.5%

100.2% 99.8%

100.0% 99.2% 99.3%

99.5% 99.0%

99.0%

99.5%

99.4%

99.2% 99.2%

99.8%

100.2%

100.1% 99.7%

99.3% 99.0% 98.6%

98.5%

98.2%

98.3%

98.1%

98.0% 97.5%

97.4%

8

Quad Cities Quarterly Market Report | Q3 2023 - Latah County

Q3 -2 3

Q2 -2 3

Q1 -2 3

Q4 -2 2

Q3 -2 2

Q2 -2 2

Q1 -2 2

Q4 -2 1

Q3 -2 1

Q2 -2 1

Q1 -2 1

Q4 -2 0

Q3 -2 0

Q2 -2 0

Q1 -2 0

Q4 -1 9

Q3 -1 9

Q2 -1 9

Q1 -1 9

Q4 -1 8

Q3 -1 8

Q2 -1 8

Q1 -1 8

97.0%

Supply and Demand As of 10/04/2023. Year-over-year comparison of Closed Sales and Active Inventory for Q3 2023 and Q3 2022.

Closed Sales

Price Range

Active Inventory

Q3 2023

Q3 2022

% Change

Q3 2023

Q3 2022

% Change

$0-$199,999

5

11

-54.5%

1

1

=0.0%

$200,000-$249,999

5

6

-16.7%

5

2

+150.0%

$250,000-$299,999

5

12

-58.3%

1

2

-50.0%

$300,000-$399,999

22

25

-12.0%

17

5

+240.0%

$400,000-$499,999

19

32

-40.6%

13

8

+62.5%

$500,000+

25

21

+19.0%

14

13

+7.7%

Totals

81

107

-24.3%

51

34

+50.0%

Mortgage Rates Quarterly 30-year fixed mortgage rates dating from January 2018 to the week ending Thursday, October 5, 2023.

7.49%

7.75% 6.70%

7.00%

6.81% 6.48%

6.32%

6.25% 5.70% 5.50% 4.75% 4.40% 4.52%

4.71%

4.67%

4.51% 4.08% 3.75% 3.65% 3.72%

4.00%

3.33% 3.07%

3.25%

3.18% 2.88%

2.98% 3.01%

3.11%

2.67%

Q3 -2 3

Q2 -2 3

Q1 -2 3

Q4 -2 2

Q3 -2 2

Q2 -2 2

Q1 -2 2

Q4 -2 1

Q3 -2 1

Q2 -2 1

Q1 -2 1

Q4 -2 0

Q3 -2 0

Q2 -2 0

Q1 -2 0

Q4 -1 9

Q3 -1 9

Q2 -1 9

Q1 -1 9

Q4 -1 8

Q3 -1 8

Q2 -1 8

Q1 -1 8

2.50%

Quad Cities Quarterly Market Report | Q3 2023 - Latah County

9

Whitman County

What’s in the Whitman County Data?

In Quarter 3 2023, Whitman County median home prices were down 2.0% compared to last year and down 9.5% compared to last quarter, selling for a median price of $370,000. There were 89 homes sold in Q3 2023 this year, down from 138 at this same time last year.

On median, homes in Whitman County sell after 14 days on the market, up 27.3% from this same time last year. There were 147 new listings to go live last quarter and there are a total of 88 active listings at the time of this report.

10

Quad Cities Quarterly Market Report | Q3 2023 - Whitman County

Q3 2023 Market data

Whitman County At a Glance

Median Sales Price

Closed Sales

Median Days on Market

$370,000

89

14

Down 9.5% prior quarter Down 2.0% prior year

Down 23.3% prior quarter Down 35.5% prior year

Up 16.7% prior quarter Up 27.3% prior year

Snapshot overview

Q3 2023

Q2 2023

% Change

Q3 2022

% Change

(Current)

(Last Quarter)

(Last Quarter)

(Last Year)

(Last Year)

89

115

-23.3%

138

-35.5%

Median Sales Price

$370,000

$409,000

-9.5%

$377,500

-2.0%

Average Sales Price

$370,224

$414,706

-10.7%

$407,477

-9.1%

Median DOM

14

12

+16.7%

11

+27.3%

New Listings

147

172

-14.5%

127

+5.7%

Active Listings

88

55

+60.0%

28

+214.3%

Whitman County

Closed Sales

Information pulled on 10/05/2023.

The information in this report section for Whitman County is compiled from a report given by the Pacific Regional MLS and to the best of our knowledge is accurate and current.

Quad Cities Quarterly Market Report | Q3 2023 - Whitman County

11

Closed Sales As of 10/04/2023. By quarter dating from Q1 2018 to Q3 2023.

Closed Sales is the number of properties sold.

200 175

179 160

150 146

146 135

125 123 112

100 75

121

126 115

118

115

89

86

79

81 73

69 50

74

73

68

62

56

Q3 -2 3

Q2 -2 3

Q1 -2 3

Q4 -2 2

Q3 -2 2

Q2 -2 2

Q1 -2 2

Q4 -2 1

Q3 -2 1

Q2 -2 1

Q1 -2 1

Q4 -2 0

Q3 -2 0

Q2 -2 0

Q1 -2 0

Q4 -1 9

Q3 -1 9

Q2 -1 9

Q1 -1 9

Q4 -1 8

Q3 -1 8

Q2 -1 8

Q1 -1 8

25

Closed Sales By Price Range As of 10/04/2023. Year-over-year comparison for Q3 2023 and Q3 2022.

Closed Sales By Price Range is the number and percentage of properties sold in different price ranges.

40

Q3 2022

Q3 2023

36 24.6%

32 23.2% 28 20.3% 24

29.2%

18.1%

20 16

21.3%

20.2%

20.2%

11.6% 12 8 4

$0-200K

12

4.5%

4.5%

$200K-$250K

$250K-300K

2.2%

0

Quad Cities Quarterly Market Report | Q3 2023 - Whitman County

$300K-$400K

$400K-$500K

$500K+

Average and Median Sales Price As of 10/04/2023. By quarter dating from Q1 2018 to Q3 2023.

Median Sales Price is the mid-point (median) value where the price for half of the closed sales is higher and half is lower.

Average Sales Price is the sum of the sold dollar volume divided by the number of units sold.

$450

Average

Median

$425 $400 $375 $350 $325 $300 $275 $250

Q1 -2 3

Q2 -2 3

Q3 -2 3

Q1 -2 3

Q2 -2 3

Q3 -2 3

Q4 -2 2

Q3 -2 2

Q2 -2 2

Q1 -2 2

Q4 -2 1

Q3 -2 1

Q2 -2 1

Q1 -2 1

Q4 -2 0

Q3 -2 0

Q2 -2 0

Q1 -2 0

Q4 -1 9

Q3 -1 9

Q2 -1 9

Q1 -1 9

Q4 -1 8

Q3 -1 8

Q2 -1 8

Q1 -1 8

$225

Median Days on Market As of 10/04/2023. By quarter dating from Q1 2018 to Q3 2023.

Days on Market is the median number of days between when a property is listed and the contract date.

40 35 30 25 20 15 10 5

Q4 -2 2

Q3 -2 2

Q2 -2 2

Q1 -2 2

Q4 -2 1

Q3 -2 1

Q2 -2 1

Q1 -2 1

Q4 -2 0

Q3 -2 0

Q2 -2 0

Q1 -2 0

Q4 -1 9

Q3 -1 9

Q2 -1 9

Q1 -1 9

Q4 -1 8

Q3 -1 8

Q2 -1 8

Q1 -1 8

0

Quad Cities Quarterly Market Report | Q3 2023 - Whitman County

13

New Listings As of 10/04/2023. By quarter dating from Q1 2018 to Q3 2023.

New Listings is the number of properties listed regardless of current status.

200 193 175

185

181 173

150

155

147

144

138 125

128

125

119 100

172

160

121

120

114

104 95

75

80 71

69

Q3 -2 3

Q2 -2 3

Q1 -2 3

Q4 -2 2

Q3 -2 2

Q2 -2 2

Q1 -2 2

Q4 -2 1

Q3 -2 1

Q2 -2 1

Q1 -2 1

Q4 -2 0

Q3 -2 0

Q2 -2 0

Q1 -2 0

Q4 -1 9

Q3 -1 9

Q2 -1 9

Q4 -1 8

Q3 -1 8

Q2 -1 8

Q1 -1 8

50

62

Q1 -1 9

61

Sale-to-List Price Ratio As of 10/04/2023. By quarter dating from Q1 2018 to Q3 2023.

Sale-to-List Price Ratio is the average of sales price divided by the final list price expressed as a percentage.

101.4%

101.5% 101.0% 100.5% 100.0%

99.7%

99.5%

99.4%

99.3% 99.1%

99.0%

98.8%

98.8%

99.0%

98.8%

98.7%

98.6%

98.5%

98.2%

98.4%

98.3%

98.5% 98.3%

98.3%

98.0%

98.0% 97.6% 97.6%

97.6%

97.5%

97.3% 97.1%

14

Quad Cities Quarterly Market Report | Q3 2023 - Whitman County

Q3 -2 3

Q2 -2 3

Q1 -2 3

Q4 -2 2

Q3 -2 2

Q2 -2 2

Q1 -2 2

Q4 -2 1

Q3 -2 1

Q2 -2 1

Q1 -2 1

Q4 -2 0

Q3 -2 0

Q2 -2 0

Q1 -2 0

Q4 -1 9

Q3 -1 9

Q2 -1 9

Q1 -1 9

Q4 -1 8

Q3 -1 8

Q2 -1 8

Q1 -1 8

97.0%

Supply and Demand As of 10/04/2023. Year-over-year comparison of Closed Sales and Active Inventory for Q3 2023 and Q3 2022.

Closed Sales

Price Range

Active Inventory

Q3 2023

Q3 2022

% Change

Q3 2023

Q3 2022

% Change

$0-$199,999

19

25

-24.0%

13

10

+30.0%

$200,000-$249,999

4

3

+33.3%

4

3

+33.3%

$250,000-$299,999

4

16

-75.0%

11

1

+1000%

$300,000-$399,999

26

32

-18.8%

8

6

+33.3%

$400,000-$499,999

18

28

-35.7%

19

2

+850.0%

$500,000+

18

34

-35.7%

33

6

+450.0%

Totals

89

138

-35.5%

88

28

+214.3%

Mortgage Rates Quarterly 30-year fixed mortgage rates dating from January 2018 to the week ending Thursday, October 5, 2023.

7.49%

7.75% 6.70%

7.00%

6.81% 6.48%

6.32%

6.25% 5.70% 5.50% 4.75% 4.40% 4.52%

4.71%

4.67%

4.51% 4.08% 3.75% 3.65% 3.72%

4.00%

3.33% 3.07%

3.25%

3.18% 2.88%

2.98% 3.01%

3.11%

2.67%

Q3 -2 3

Q2 -2 3

Q1 -2 3

Q4 -2 2

Q3 -2 2

Q2 -2 2

Q1 -2 2

Q4 -2 1

Q3 -2 1

Q2 -2 1

Q1 -2 1

Q4 -2 0

Q3 -2 0

Q2 -2 0

Q1 -2 0

Q4 -1 9

Q3 -1 9

Q2 -1 9

Q1 -1 9

Q4 -1 8

Q3 -1 8

Q2 -1 8

Q1 -1 8

2.50%

Quad Cities Quarterly Market Report | Q3 2023 - Whitman County

15

Nez Perce County

What’s in the Nez Perce County Data?

In Quarter 3 2023, Nez Perce County median home prices were down 1.8% compared to last year and down 11.1% compared to last quarter, selling for a median price of $330,000. There were 109 homes sold in Q3 2023 this year, down from 116 at this same time last year.

On median, homes in Nez Perce County sell after 15 days on the market, up 36.4% from this same time last year. There were 128 new listings to go live last quarter and there are a total of 82 active listings at the time of this report.

16

Quad Cities Quarterly Market Report | Q3 2023 - Nez Perce County

Q3 2023 Market data

Nez Perce County At a Glance

Median Sales Price

Closed Sales

Median Days on Market

$330,000

109

15

Down 11.1% prior quarter ∂own 1.8% prior year

Down 17.4% prior quarter Down 6.0% prior year

Down 6.3% prior quarter Up 36.4% prior year

Snapshot overview

Q3 2023

Q2 2023

% Change

Q3 2022

% Change

(Current)

(Last Quarter)

(Last Quarter)

(Last Year)

(Last Year)

109

132

-17.4%

116

-6.0%

Median Sales Price

$330,000

$371,000

-11.1%

$335,900

-1.8%

Average Sales Price

$356,779

$386,508

-7.7%

$348,558

+2.4%

Median DOM

15

16

-6.3%

11

+36.4%

New Listings

128

159

-19.5%

140

-8.6%

Active Listings

82

54

+51.9%

43

+90.7%

Nez Perce County

Closed Sales

Information pulled on 10/05/2023.

The information in this report section for Nez Perce County is compiled from a report given by the Intermountail MLS and to the best of our knowledge is accurate and current.

Quad Cities Quarterly Market Report | Q3 2023 - Nez Perce County

17

Closed Sales As of 10/04/2023. By quarter dating from Q1 2018 to Q3 2023.

Closed Sales is the number of properties sold.

175 172 162 150

162 154

152

133

125 124

121

120

120

128

123

133

132

128

115

116

114

109

108

100

82

75

75

78

Q3 -2 3

Q2 -2 3

Q1 -2 3

Q4 -2 2

Q3 -2 2

Q2 -2 2

Q1 -2 2

Q4 -2 1

Q3 -2 1

Q2 -2 1

Q1 -2 1

Q4 -2 0

Q3 -2 0

Q2 -2 0

Q1 -2 0

Q4 -1 9

Q3 -1 9

Q2 -1 9

Q1 -1 9

Q4 -1 8

Q3 -1 8

Q2 -1 8

Q1 -1 8

50

Closed Sales By Price Range As of 10/04/2023. Year-over-year comparison for Q3 2023 and Q3 2022.

Closed Sales By Price Range is the number and percentage of properties sold in different price ranges.

50

Q3 2022

Q3 2023

45 38.8%

41.3%

40 35 30 25 19.8%

20

17.4% 14.7%

15

15.6%

12.1% 10 5

10.1%

10.1% 7.8%

6.9% 5.5%

0 $0-200K

18

$200K-$250K

Quad Cities Quarterly Market Report | Q3 2023 - Nez Perce County

$250K-300K

$300K-$400K

$400K-$500K

$500K+

Average and Median Sales Price As of 10/04/2023. By quarter dating from Q1 2018 to Q3 2023.

Median Sales Price is the mid-point (median) value where the price for half of the closed sales is higher and half is lower.

Average Sales Price is the sum of the sold dollar volume divided by the number of units sold.

$400

Average

Median

$375 $350 $325 $300 $275 $250 $225

Q1 -2 3

Q2 -2 3

Q3 -2 3

Q1 -2 3

Q2 -2 3

Q3 -2 3

Q4 -2 2

Q3 -2 2

Q2 -2 2

Q1 -2 2

Q4 -2 1

Q3 -2 1

Q2 -2 1

Q1 -2 1

Q4 -2 0

Q3 -2 0

Q2 -2 0

Q1 -2 0

Q4 -1 9

Q3 -1 9

Q2 -1 9

Q1 -1 9

Q4 -1 8

Q3 -1 8

Q2 -1 8

Q1 -1 8

$200

Median Days on Market As of 10/04/2023. By quarter dating from Q1 2018 to Q3 2023.

Days on Market is the median number of days between when a property is listed and the contract date.

80 70 60 50 40 30 20 10

Q4 -2 2

Q3 -2 2

Q2 -2 2

Q1 -2 2

Q4 -2 1

Q3 -2 1

Q2 -2 1

Q1 -2 1

Q4 -2 0

Q3 -2 0

Q2 -2 0

Q1 -2 0

Q4 -1 9

Q3 -1 9

Q2 -1 9

Q1 -1 9

Q4 -1 8

Q3 -1 8

Q2 -1 8

Q1 -1 8

0

Quad Cities Quarterly Market Report | Q3 2023 - Nez Perce County

19

New Listings As of 10/04/2023. By quarter dating from Q1 2018 to Q3 2023.

New Listings is the number of properties listed regardless of current status.

200 200

197 183

175 169

164

150

125

140

128

113

108

100

159

137

134

132

159

154

153

152

128

128

116

111

93 75

79

Q3 -2 3

Q2 -2 3

Q1 -2 3

Q4 -2 2

Q3 -2 2

Q2 -2 2

Q1 -2 2

Q4 -2 1

Q3 -2 1

Q2 -2 1

Q1 -2 1

Q4 -2 0

Q3 -2 0

Q2 -2 0

Q1 -2 0

Q4 -1 9

Q3 -1 9

Q2 -1 9

Q1 -1 9

Q4 -1 8

Q3 -1 8

Q2 -1 8

Q1 -1 8

50

Sale-to-List Price Ratio As of 10/04/2023. By quarter dating from Q1 2018 to Q3 2023.

Sale-to-List Price Ratio is the average of sales price divided by the final list price expressed as a percentage.

102.0%

101.7%

101.5% 101.0% 100.5% 100.0%100.0%

100.0%

100.0%

99.8%

99.9% 99.5%

99.5% 99.1%

99.0%

100.4%

100.3%

99.3%

99.2%

98.8%

98.8%

98.8%

98.8%

98.7%

98.4%

98.5%

98.2% 98.0%

98.0%

98.0% 97.7%

97.5%

97.3%

20

Quad Cities Quarterly Market Report | Q3 2023 - Nez Perce County

Q3 -2 3

Q2 -2 3

Q1 -2 3

Q4 -2 2

Q3 -2 2

Q2 -2 2

Q1 -2 2

Q4 -2 1

Q3 -2 1

Q2 -2 1

Q1 -2 1

Q4 -2 0

Q3 -2 0

Q2 -2 0

Q1 -2 0

Q4 -1 9

Q3 -1 9

Q2 -1 9

Q1 -1 9

Q4 -1 8

Q3 -1 8

Q2 -1 8

Q1 -1 8

97.0%

Supply and Demand As of 10/04/2023. Year-over-year comparison of Closed Sales and Active Inventory for Q3 2023 and Q3 2022.

Closed Sales

Price Range

Active Inventory

Q3 2023

Q3 2022

% Change

Q3 2023

Q3 2022

% Change

$0-$199,999

6

8

-25.0%

3

4

-25.0%

$200,000-$249,999

11

14

-21.4%

5

3

+66.7%

$250,000-$299,999

17

17

=0.0%

4

8

+50.0%

$300,000-$399,999

45

45

=0.0%

29

15

+93.3%

$400,000-$499,999

19

23

-17.4%

20

4

+400.0%

$500,000+

11

9

+22.2%

22

9

+144.4%

Totals

109

116

-6.0%

83

43

+93.0%

Mortgage Rates Quarterly 30-year fixed mortgage rates dating from January 2018 to the week ending Thursday, October 5, 2023.

7.49%

7.75% 6.70%

7.00%

6.81% 6.48%

6.32%

6.25% 5.70% 5.50% 4.75% 4.40% 4.52%

4.71%

4.67%

4.51% 4.08% 3.75% 3.65% 3.72%

4.00%

3.33% 3.07%

3.25%

3.18% 2.88%

2.98% 3.01%

3.11%

2.67%

Q3 -2 3

Q2 -2 3

Q1 -2 3

Q4 -2 2

Q3 -2 2

Q2 -2 2

Q1 -2 2

Q4 -2 1

Q3 -2 1

Q2 -2 1

Q1 -2 1

Q4 -2 0

Q3 -2 0

Q2 -2 0

Q1 -2 0

Q4 -1 9

Q3 -1 9

Q2 -1 9

Q1 -1 9

Q4 -1 8

Q3 -1 8

Q2 -1 8

Q1 -1 8

2.50%

Quad Cities Quarterly Market Report | Q3 2023 - Nez Perce County

21

Asotin County

What’s in the Asotin County Data?

In Quarter 3 2023, Asotin County median home prices were up 6.3% compared to last year and up 6.3% compared to last quarter, selling for a median price of $327,500. There were 54 homes sold in Q3 2023 this year, down from 74 at this same time last year.

On median, homes in Asotin County sell after 19 days on the market, up 18.8% from this same time last year. There were 77 new listings to go live last quarter and there are a total of 66 active listings at the time of this report.

22

Quad Cities Quarterly Market Report | Q3 2023 - Asotin County

Q3 2023 Market data

Asotin County At a Glance

Median Sales Price

Closed Sales

Median Days on Market

$327,500

54

19

Down 6.3% prior quarter Down 6.3% prior year

Up 3.8% prior quarter Down 27.0% prior year

Up 6.5% prior quarter Up 18.8% prior year

Snapshot overview

Asotin County

Q3 2023

Q2 2023

% Change

Q3 2022

% Change

(Current)

(Last Quarter)

(Last Quarter)

(Last Year)

(Last Year)

Closed Sales

54

52

+3.8%

74

-27.0%

Median Sales Price

$327,500

$349,540

-6.3%

$349,500

-6.3%

Average Sales Price

$368,834

$384,104

-4.0%

$346,435

+6.5%

Median DOM

19

18

+6.5%

16

+18.8%

New Listings

77

74

+4.1%

91

-15.4%

Active Listings

66

28

+135.7%

34

+94.1%

Information pulled on 10/05/2023.

The information in this report section for Asotin County is compiled from a report given by the Intermountail MLS and to the best of our knowledge is accurate and current.

Quad Cities Quarterly Market Report | Q3 2023 - Asotin County

23

Closed Sales As of 10/04/2023. By quarter dating from Q1 2018 to Q3 2023.

Closed Sales is the number of properties sold.

150 147 125

130

100

62 50

54

56

57

49

44

43

42

74

71

67

66

52

54

Q3 -2 3

69

Q2 -2 3

70

87

Q1 -2 3

78

88

85

80

Q4 -2 2

75

Q3 -2 2

Q2 -2 2

Q1 -2 2

Q4 -2 1

Q3 -2 1

Q2 -2 1

Q1 -2 1

Q4 -2 0

Q3 -2 0

Q2 -2 0

Q1 -2 0

Q4 -1 9

Q3 -1 9

Q2 -1 9

Q1 -1 9

Q4 -1 8

Q3 -1 8

Q2 -1 8

Q1 -1 8

25

Closed Sales By Price Range As of 10/04/2023. Year-over-year comparison for Q3 2023 and Q3 2022.

Closed Sales By Price Range is the number and percentage of properties sold in different price ranges.

30

Q3 2022

28

Q3 2023

26 24

33.8%

22 20

38.9%

18 16

23.0%

14 18.9%

12 10 8 6

16.7% 9.5%

8.1%

4 2

16.7%

11.1%

11.1%

6.8%

5.6%

0 $0-200K

24

$200K-$250K

Quad Cities Quarterly Market Report | Q3 2023 - Asotin County

$250K-300K

$300K-$400K

$400K-$500K

$500K+

Average and Median Sales Price As of 10/04/2023. By quarter dating from Q1 2018 to Q3 2023.

Median Sales Price is the mid-point (median) value where the price for half of the closed sales is higher and half is lower.

Average Sales Price is the sum of the sold dollar volume divided by the number of units sold.

$400

Median

Average

$375 $350 $325 $300 $275 $250 $225 $200

Q1 -2 3

Q2 -2 3

Q3 -2 3

Q1 -2 3

Q2 -2 3

Q3 -2 3

Q4 -2 2

Q3 -2 2

Q2 -2 2

Q1 -2 2

Q4 -2 1

Q3 -2 1

Q2 -2 1

Q1 -2 1

Q4 -2 0

Q3 -2 0

Q2 -2 0

Q1 -2 0

Q4 -1 9

Q3 -1 9

Q2 -1 9

Q1 -1 9

Q4 -1 8

Q3 -1 8

Q2 -1 8

Q1 -1 8

$175

Median Days on Market As of 10/04/2023. By quarter dating from Q1 2018 to Q3 2023.

Days on Market is the median number of days between when a property is listed and the contract date.

100 90 80 70 60 50 40 30 20 10

Q4 -2 2

Q3 -2 2

Q2 -2 2

Q1 -2 2

Q4 -2 1

Q3 -2 1

Q2 -2 1

Q1 -2 1

Q4 -2 0

Q3 -2 0

Q2 -2 0

Q1 -2 0

Q4 -1 9

Q3 -1 9

Q2 -1 9

Q1 -1 9

Q4 -1 8

Q3 -1 8

Q2 -1 8

Q1 -1 8

0

Quad Cities Quarterly Market Report | Q3 2023 - Asotin County

25

New Listings As of 10/04/2023. By quarter dating from Q1 2018 to Q3 2023.

New Listings is the number of properties listed regardless of current status.

200 186

175 150

148 125 100

70

60

50

77

69

63

60

74

Q3 -2 3

80

74

72

67

93

Q2 -2 3

81 68

97

57

57

Q1 -2 3

75

97

96

Q4 -2 2

98

50

Q3 -2 2

Q2 -2 2

Q1 -2 2

Q4 -2 1

Q3 -2 1

Q2 -2 1

Q1 -2 1

Q4 -2 0

Q3 -2 0

Q2 -2 0

Q1 -2 0

Q4 -1 9

Q3 -1 9

Q2 -1 9

Q1 -1 9

Q4 -1 8

Q3 -1 8

Q2 -1 8

Q1 -1 8

25

Sale-to-List Price Ratio As of 10/04/2023. By quarter dating from Q1 2018 to Q3 2023.

Sale-to-List Price Ratio is the average of sales price divided by the final list price expressed as a percentage.

101.5%

101.2%

101.0% 100.6%

100.5%

100.5%

100.3%

100.2%

100.0% 99.6%

99.5%

99.3% 99.1%

99.0% 98.4%

98.5% 98.0%

98.8%

98.7%

98.9%

98.5% 98.3% 98.1%

98.0% 98.0%

98.1%

97.8% 97.4%

97.5%

97.5%

97.5%

97.4%

26

Quad Cities Quarterly Market Report | Q3 2023 - Asotin County

Q3 -2 3

Q2 -2 3

Q1 -2 3

Q4 -2 2

Q3 -2 2

Q2 -2 2

Q1 -2 2

Q4 -2 1

Q3 -2 1

Q2 -2 1

Q1 -2 1

Q4 -2 0

Q3 -2 0

Q2 -2 0

Q1 -2 0

Q4 -1 9

Q3 -1 9

Q2 -1 9

Q1 -1 9

Q4 -1 8

Q3 -1 8

Q2 -1 8

Q1 -1 8

97.0%

Supply and Demand As of 10/04/2023. Year-over-year comparison of Closed Sales and Active Inventory for Q3 2023 and Q3 2022.

Closed Sales

Price Range

Active Inventory

Q3 2023

Q3 2022

% Change

Q3 2023

Q3 2022

% Change

$0-$199,999

3

7

-57.1%

4

1

+300.0%

$200,000-$249,999

6

6

=0.0%

2

2

=0.0%

$250,000-$299,999

9

14

-35.7%

7

5

+40.0%

$300,000-$399,999

21

25

-16.0%

29

13

+123.1%

$400,000-$499,999

6

17

-64.7%

10

7

+42.9%

$500,000+

9

5

+80.0%

10

6

+66.7%

Totals

52

72

-27.8%

62

34

+82.4%

Mortgage Rates Quarterly 30-year fixed mortgage rates dating from January 2018 to the week ending Thursday, October 5, 2023.

7.49%

7.75% 6.70%

7.00%

6.81% 6.48%

6.32%

6.25% 5.70% 5.50% 4.75% 4.40% 4.52%

4.71%

4.67%

4.51% 4.08% 3.75% 3.65% 3.72%

4.00%

3.33% 3.07%

3.25%

3.18% 2.88%

2.98% 3.01%

3.11%

2.67%

Q3 -2 3

Q2 -2 3

Q1 -2 3

Q4 -2 2

Q3 -2 2

Q2 -2 2

Q1 -2 2

Q4 -2 1

Q3 -2 1

Q2 -2 1

Q1 -2 1

Q4 -2 0

Q3 -2 0

Q2 -2 0

Q1 -2 0

Q4 -1 9

Q3 -1 9

Q2 -1 9

Q1 -1 9

Q4 -1 8

Q3 -1 8

Q2 -1 8

Q1 -1 8

2.50%

Quad Cities Quarterly Market Report | Q3 2023 - Asotin County

27

cbquadcities.com Lewiston • 325 Main St 208.746.7400

Moscow • 217 S Main St 208.882.0800

Pullman • 405 S Grand Ave 509.334.0562

The information in this report is compiled from a report given by the Intermountain MLS and the Pacific Regional MLS and to the best of our knowledge is accurate and current.

Coldwell Banker Real Estate LLC. All Rights Reserved. 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. Coldwell Banker and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. Information deemed reliable but not guaranteed and should be independently verified.