July 2021
Market Update
Residential Snapshot
January 1st, 2021- June 30th, 2021
Area 01 CdA Area 02 Post Falls Area 03 Hayden
Active Listings 880 Active Listings 819 Active Listings 461
Homes Sold/Closed YTD 651 Homes Sold/Closed YTD 647 Homes Sold/Closed YTD 312
Avg Days on Market Avg Days on Market Avg Days on Market
Median Sales Price 80 Median Sales Price 71 Median Sales Price 68
Avg Sales Price $491,000 Avg Sales Price $425,000 Avg Sales Price $528,000
SP/OLP $577,000 SP/OLP $489,000 SP/OLP $648,000
100% 103% 101%
Area 04 Rathdrum/Twin Lakes Area 04a Hauser Lake Area 05 Athol/Spirit Lake NW Kootenai Co
Active Listings 385 Active Listings 45 Active Listings 131
Homes Sold/Closed YTD 326 Homes Sold/Closed YTD 25 Homes Sold/Closed YTD 100
Avg Days on Market 120 Avg Days on Market 55 Avg Days on Market 97
Median Sales Price $420,000 Median Sales Price $699,000 Median Sales Price $481,000
Avg Sales Price $499,000 Avg Sales Price $635,000 Avg Sales Price $531,000
SP/OLP 101% SP/OLP 104% SP/OLP 101%
Area Athol/Bayview 06 NE Kootenai Co Area 12 Silver Valley Area All Kootenai Co
Active Listings 55 Active Listings 244 Active Listings 2,992
Homes Sold/Closed YTD 33 Homes Sold/Closed YTD 172 Homes Sold/Closed YTD 2,214
Avg Days on Market 58 Avg Days on Market Avg Days on Market
Median Sales Price $529,000 Median Sales Price 68 Median Sales Price 83
Avg Sales Price $605,000 Avg Sales Price $235,000 Avg Sales Price $470,000
SP/OLP 99% SP/OLP $244,000 SP/OLP $587,000
96% 101%
*Data provided by Cda MLS
Residential Sales Comparison Year over Year
All MLS
691 585
590
510 546 782 597
545
461 448 662
403
366 617
324
319 545
586
Jan Feb March April May June July Aug Sept Oct Nov Dec
2016 Sold 2017 Sold 2018 Sold 2019 Sold 2020 Sold 2021 Sold
*Data provided by CDA MLS
2020 vs 2021 Median Sales Price Mid Year
Kootenai County
772,000 927,500
770,000 +21%
500,000 521,300 +48%
2020
2021
368,950 +36%
Res <2Ac Res >2Ac Res Waterfront
*Data provided by Coeur d'Alene MLS % Indicates increase/decrease from Yr over Yr
2020 vs 2021 Median Sales Price Mid Year
Kootenai County
485,000 529,000
+83% 395,000 +34%
281,000 265,000 2020
2021
+100%
Condo Multi Family
140,000
Vacant Land % Indicates increase/decrease from Yr over Yr
*Data provided by Coeur d'Alene MLS
The last 5.5 years
Kootenai County Residential Median
194% Increase in Value
495,000
315,000 349,000
255,000 278,000
2017 2018 2019 2020 2021YTD
* data supplied by Cda MLS
The last 5 years 3.68
Cost of a Gallon of Milk
10% Increase in cost
3.53
3.45
3.35 3.41
2017 2018 2019 2020 2021YTD
The last 5 years
Cost of a Gallon of Milk
• Here is some good news for you though…
If Milk appreciated at the same level as our home
values we would be paying
$7.14 per Gallon
The last 5 years 40,768
Average cost of an automobile
16% Increase in cost
37,851
36,718
35,742
34,968
2017 2018 2019 2020 2021YTD
*July 2017, data supplied by Cda MLS
The last 5 years
Cost of an Automobile
If cars appreciated at the same level as our
home values we would be paying
$67,838
Kootenai County
All Residential
Inventory
•For Sale numbers are the snapshot of the number of property for sale at the end of the month.
•New Listing numbers represent the number of properties that are new listed for that month.
Kootenai County
All Residential
Inventory
5 Year History
Month-Over-Month Change in Housing Inventory
realtor.com
Kootenai County
All Residential
Pending /New Listings
Kootenai County
All Residential
Pending /New Listings
5 Year History
Mortgage Rate Projections
Quarter Freddie Fannie MBA NAR Average
Mac Mae of All Four
3.2
2021 3Q 3.3 3.0 3.2 3.17%
2021 4Q 3.4 3.2 3.5 3.4 3.37%
2022 1Q 3.5 3.2 3.7 3.5 3.47%
2022 2Q 3.6 3.3 3.9 3.5 3.57%
$93,629 potential growth in household wealth over the next
five years based solely on increased home equity
if you purchase a $350K home in January 2021
$414,574 $443,629
$429,333
$399,782
$380,310
$350,000
Based on price appreciation projected by the Home Price Expectation Survey
2021 2022 2023 2024 2025 2026
Home Price Expectation Survey 2021 Q2
8.66% Forecast for Housing:
Appreciation Will Begin
To Return to Historical Norms
5.12%
3.7% 3.56% 3.33%
2021 2022 2023 2024 2025
Home Price Expectation Survey 2021 Q2