Kootenai County Market Report – December 2023

M a r k e t

R e p o r t

Monthly Market Report for Kootenai County December 2023

county

Kootenai 20 23

Average Sales Price

Current Listing Inventory

Average Days On Market

$692,964

1,027

113

Up 15.8%

Up 18.5%

Up 13.0%

Median Sales Price

Closed Sales

Annual Residential Sales

$532,663

193

2,982

Down 1.4%

Up 7.8%

Down 14.3%

Information pulled on 01/02/2023 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.

120 110

109

113 104

103

101

100

93

88

85

90

79

78

76

May '23

June '23

July '23

80

81

70 60 50 Jan '23

Feb '23

Mar '23

Apr '23

Aug '23

Sep '23

Oct '23

Nov '23

De c '23

Monthly Mortgage Rates Monthly 30-year fixed mortgage rates highlighting the week ending Thursday, December 28, 2023.

8.00%

7.79%

7.75% 7.50%

7.18%

7.25% 7.00% 6.75% 6.50% 6.25%

6.79% 6.49%

6.50%

6.42%

6.32%

6.71%

7.31%

7.22%

6.81% 6.61%

6.43%

6.13%

6.00% Nov '22 De c '22 Jan '23 Feb '23 Mar '23 Apr '23 May '23 June '23 July '23 Aug '23 Sep '23 Oct '23 Nov '23 De c '23

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Kootenai County Market Report | December 2023

Active Residential Listings As of 12/15/2023, month/year comparison.

1400

1317

1283 1216

1167

1200

1216 1131 1027

1015 1000

873

800

754

720

673

600 Jan '23

Feb '23

Mar '23

Apr '23

May '23

June '23

July '23

Aug '23

Sep '23

Oct '23

Nov '23

De c '23

Active Listings By Price Range Year-over-year comparison as of 12/15/2023.

300

2022

250

2023 208

197

200 150 100

134

$1M+0-$150K $150-200K 23% 3% 1%

190

158 165

137

113

$600K-$800K 19%

$250K-300K 1%

95

58 50

29 32

50

$800K-$1M 9%

238

14 13

5 10

9

9

$300K-$350K 2%

13 16

200K-$250K 1% $350K-$400K 5%

$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

0 $400K-$500K 20%

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

60

2022

50

2023

46 40

40 30

24

39

$600K-$800K 20%

39

12

10

9

8

1

0

0

4

3

5

15 17

8

$1M+ 9%

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

200K-$250K 2%

$500K-$600K 14%

$250K-300K 3%

3

+

$300K-$350K 1%

$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 10%

27 19

20 10

43

$400K-$500K 24%

$350K-$400K 12%

Kootenai County Market Report | December 2023

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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.