Rathdrum Idaho April 2018 Housing Market Update

Rathdrum Idaho April 2018 Housing Market Update

Home sales held steady with 32 homes selling in April 2018 compared to 2017 had 30 home sales. There are currently 146 homes for sale in Rathdrum of which 118 of them are pending. Curious to see how the prices are holding up?  Check that out below!  Still a very strong seller’s market!

 

Rathdrum Area New Construction

2018 Rathdrum New Construction is down by one with a total of 8 homes selling.  3 New Stick built homes all in Prairie Sky.  These homes are on an average of .19 acres and sold for an average price per square foot of $182.  One home in Lost Creek on a .87 acre lot it sold for $145 per square foot and 4 Homes on 5 acre lots that sold for $207 per square foot on average.

As you can see Stick built homes in town are up almost $30 per square foot or a slow dribble of a price increase of about $2.5o per square foot per month.  Don’t wait if you want new construction!  

2017 had 9 new Construction homes  3 Stick built homes selling for $156 per square foot.  2 of them were in Corbin Crossing South and one in Skyline Meadows.  3 Condos selling all in Radiant Lake Condos they sold for an average price of $161 per square foot and 2 in Double T Estates on 4.8 acre lots that sold for $209 per square foot.

Rathdrum Idaho New Construction Homes for sale

Rathdrum Idaho Existing Homes on City Lots

13 homes sold April 2018!  Up almost double from last year.  These 13 homes average $141 per square foot and averaged 48 days on market.  That tells me that they were almost all under contract within 3 to 5 days of listing.  Average lot size was .25 of an acre.

2017 7 homes on existing lots.  These homes averaged $107 per square foot average lot size was .21 acres and the average days on market were 106.

Rathdrum homes on less than an acre for Sale

Rathdrum Idaho Existing Homes on Acreage

2018 Home Sales on Acreage for Rathdrum Idaho

One Acre Lots

We were lucky this month to have properties in the same area to compare to.  Prices up in Panhandle Mobile Estates.

2018  had 1 home in Panhandle Mobile Estates.  This home was on a .77 acre lot spent 40 days on market and sold for $150 per square foot.

2017  one acre results are One in Panhandle Mobile Estates that was on 1.33 acres.  Home sold for $127 per square foot and was on the market for 184 days.

Homes on 5 Acre Lots

3 Homes selling in 2018 on 5 Acre lots.  Located in Elkhorn Ranch, Cone Crest and Country Estates.  Cone Crest was your high seller going for $216 per square foot with the other 2 averaging $158 per square foot.  They were very close in price.   Average days on market were 68 days.

No 2017  Homes on 5 Acres to Compare to.

HOmes on 10 Acre Lots

2 Homes for 2018 sold on 10 acre lots.  These 2 homes average $163 per square foot and were on the market for an average of 148 days.  Lot size averaged at 10.06 acres.

2017 had one home on a 10-acre lot sell in April.  It sold for $114 per square foot and was on the market for 51 days.  Lot size was 10.26 acres.

Rathdrum Homes on Over 1 Acre for sale

Housing Market Rathdrum Idaho 2018

Rathdrum Idaho April 2018 market Update

Existing Homes in Golden Spike 55+ Community

April 2018 Volume down for Golden Spike with 2 homes selling this month.  They averaged $155 per square foot and were on the market for 56 days.

2017 April was a busy month in Golden Spike Community with 7 homes selling this month.  These homes average $132 per square foot and were on the market for an average of 132 days.

 

Waterfront homes in Rathdrum Idaho

2018 Had One Waterfront Home selling on Twin Lakes this April.  The home was in Echo Beach and sold for $355 per square foot.  It spent 326 days on market.

No 2017 Sales to compare to.

Rathdrum Idaho Lake Front Homes for sale

 

Condos in Rathdrum Idaho

2018 Condo sales are down with one condo selling this month.  The condo was in Twin Lakes Village and sold for $91 per square foot.

 

2017 Twin Lakes Village had 4 condos sell this month of April.  One in Rock Point Condominiums selling for $51 per square foot.  This one was on the market for 247 days.  The other condo was in Timber Lane Condos and it sold for $89 per square foot and it was on the market for 31 days.

Sunrise Park had one that took 638 days to sell for $126 per square foot and Prairie Est had one on the market for 38 days to sell for $107 per square foot.

Rathdrum Condos for sale

Manufactured homes on Lease lots in Rathdrum Idaho

No 2018 Sales for April.

April 2017 Rathdrum Manufactured home sales resulted in 2 homes selling this month.  They averaged 41 days on market and sold for $89 per square foot.

Rathdrum Under 100K for sale

Want to see how the Market has been trending?

Check out previous Months here

Do you have a Rathdrum Home to sell?

Request your free No Obligation Market Report Here

Rathdrum Area Homes For Sale

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