Rathdrum Idaho Real Estate January 2019 Market Update

Rathdrum Idaho January 2019 Real Estate Update

27 homes sold in Rathdrum during January 2019.  Up a few from 24 homes sold in January 2018 but still down from the 31 homes sold in January of 2017.  There is currently 81 homes listed for sale in Rathdrum or 3 months of inventory.  Still very much a sellers market in Rathdrum.

 

Rathdrum Idaho New Construction

11 New construction homes selling in January 2019 in Rathdrum. 8 of them selling on city lots.   They sold for an average price per sqft of $140.  The average lot size was .23 acres.

Homes selling this month were in Timber Landings, Corbin Estates, and Radiant Lake.

1 Lakefront home on Radiant Lake selling for $210 per sqft it was built by Monogram.

2 New Construction homes on 5 acre lots built by Timber Ridge.  They sold for an average of $225 per sqft.  These were in Moose Haven and Lone Mtn.

 

10 New construction homes in 2018 selling for $146 per sqft.  7 New construction homes sold in January 2017 for $153 per sqft.  

Rathdrum Idaho New Construction Homes for sale

 

 

Rathdrum Homes on Existing City  Lots

Rathdrum Prices up $21 per sqft over 2018.  

6 Existing homes selling in Rathdrum on city lots January 2019.  They sold for an average price per sqft of $145 with an average of 86 days on market.  The average lot size was .22 acres.

Homes selling this month were in Radiant Lake, Prairie Sky, Skyline Meadows and more.  These homes sold for 97% of list price.

8 homes sold on city lots in 2018.  They sold for an average price per sqft of $124 and were on the market for an average of 88 days.  January 2017 had 9 homes selling for an average price per sqft of $104 with 118 days on market.  

Rathdrum homes on less than an acre for sale

 

Rathdrum Homes on Acreage

Rathdrum Homes on Over 1 Acre

Rathdrum Homes on 1 Acre Lots

No 2019 Sales to compare.

One 2018 property that was on 3 acres selling for $197 per sqft and 2 homes in 2017 selling for $124 per sqft on average.  

Rathdrum Homes on 5 Acre Lots

4 existing home sales on 5 acre lots.  They sold for an average price per sqft of $185 with an average of 86 days on market. 

These homes sold for 97% of list price. 

Your high seller this month was a Bar Circle S home selling for $249 per sqft and the low seller home not in a community that went for $93 per sqft.

 

  I think if your budgeting something that doesn’t need a lot of work you will want to budget $200 to the $249 per sqft. 

 

Rathdrum Homes on 10 Acres

No 2019 homes to compare to and no 2018 homes either.

 

Rathdrum Waterfront Homes

Other than our New construction Radiant Lake home that is above in the new homes section we have no waterfront selling in January for the last 3 years.

Rathdrum Idaho Lake Front Homes for sale

 

Rathdrum 55+ Community in Golden Spike

4 Golden Spike homes selling this January for an average price per sqft of $151 with average days on market of 83 days.

Your high seller went for $163 per sqft and your low seller was a manufactured home in Golden Spike selling for $130 per sqft.

 

Rathdrum Condos

2 Condos selling in Twin Lakes Village they sold for an average price per sqft of $122 with an average of 113 days on market.

2018 had 2 twin lakes condos selling for an average price per sqft of $89 with an average of 292 days on market.

2018 Also had one Radiant Lake condo selling for $178 per sqft with 73 days on market.  2017 had 1 Radiant Lake Condo selling for $100 per sqft with 28 days on market.  

Rathdrum Condos for sale

 

Rathdrum Manufactured Homes on Leased Land

No 2019 sales!

2018 had 1 manufactured home selling for $31 per sqft.  2017 had 1 Manufactured home selling for $31 per sqft as well.  

Rathdrum Under 100K for sale

 

Rathdrum Home Value Results for Previous Months

Rathdrum monthly updates

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Rathdrum Homes for Sale

 

 

 

 

 

 

 

 

 

 

 

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