Rathdrum Idaho Real Estate Market Update August 2018

Rathdrum Idaho August 2018 Home Values Update

Rathdrum Idaho Real Estate market started this August off with 61 Home sales. We are up tremendously in volume from the 39 homes that we sold last year August 2017. We currently have 146 homes on the market in Rathdrum Idaho or roughly less than 3 months worth of Inventory.  To say its a sellers market in Rathdrum is putting it mildly.

 

Rathdrum Idaho New Construction

New Home prices up almost $16 per square foot over last year.

Rathdrum Idaho New Construction Homes for sale

15 new homes sold this August 2018 on city lots.  The majority of the sales were in Prairie Sky built mostly by Benway Quality Homes or TAKU Construction.  Several came in from North Ranch @ Corbin built by Hayden Homes and a couple at Timber LandingsNew construction this month came in at an average price per square foot of $162.

 

August 2017 had 4 new construction homes selling for an average price per square foot of $136.  

 

 

Rathdrum Idaho Homes on Existing City  Lots Built 2000 or Newer

Existing Homes prices up about $22 per square foot over last year.

Rathdrum homes on less than an acre for sale

August  2018 8 homes sold in this age group.

8 existing homes sold this August 2018.  These homes averaged $148 per square foot and were on the market for an average of 53 days.  The average lot size was .27 of an acre.  Homes selling in this age group included homes in Radiant Lake, Skyline meadows, Brooklyn Estates, and North Ranch @ Corbin.

 

August 2017 had 15 existing homes sell.  They sold for an average price per square foot of $126.  The average days on market were 48 days and the average lot size this month was .22 acres. 

Rathdrum Idaho Homes on Existing City Lots Built Pre-2000

Rathdrum homes on less than an acre for sale

August  2018 had 14 Homes selling in Rathdrum that were built Pre-2000

These 14 homes averaged $149 per square foot.  They were on the market for an average of 69 days and had an average lot size of .29 acres.  Homes in this age group came from Meadowland, Prairie Estates, Sunrise Park, Pioneer Park, Freeman, and Westwoodvilla.

Rathdrum idaho

Rathdrum Idaho Real Estate Market Update

Rathdrum Homes on Acreage

Rathdrum Homes on Over 1 Acre

Rathdrum Homes on 1 Acre Lots

August 2018 had 2 homes selling on 1 acre lots.  One in Freddies Pinehurst and one in Panhandle Mobile Estates.  These 2 homes averaged $196 per square foot and were on the market for an average of 70 days.  The average lot size was 1.36 acres.

No 2017 sales to compare to.

Rathdrum Homes on 2 Acre Lots

Rathdrum Idaho had 2 homes selling on 2 acre lots this month.  One was a new Construction home in Wild Ridge Estates that sold for $261 per square foot on average and one that was an existing home in Twin Lake Estates that sold for an average price per square foot of $237.  The days on market were 76 days for the Twin Lakes home and the average lot size was 2.05 acres.

Compared to 3 homes selling August 2017 which sold for an average of $158 per square foot. 

Rathdrum Homes on 5 Acre Lots

Rathdrum had a busy month for homes on 5 acre lots this August.  6 Homes sold this August for an average sales price of $167 per square foot.  The average days on market were 109

days and the average lot size was 4.72 acres.  The homes selling this month were in Atlas Acres, Double T Estates and Boekel Estates.

We are down slightly from 7 homes selling last August.  They were on the market for an average of 185 days and sold for an average price of $164 per square foot.  

 

Rathdrum Homes on 10 Acres

Rathdrum had 4 homes selling this August on close to 10 acre lots.  The homes sold for an average price per square foot of $199.  They were on the market for an average of 67 days and the average lot size was 9.5 acres.  These homes were in Weller Estates and Stepping Stone.

2 Homes sold August 2017.  They sold for an average price of $163 per square foot and were on the market for around 60 days.  

 

Home prices

National Year over Change to Home Prices

Rathdrum Idaho Waterfront Homes

Rathdrum Idaho Lake Front Homes for sale

Twin Lakes had 2 waterfront homes sell this August 2018.  One on Dellar Beach that sold for an average price per square foot of $315 and another home in Percy Cochran that sold for an average price per square foot of $204.  The average days on market for these 2 homes came in at 119 days and the average lot size was .41 acres.

No 2017 Sales to compare to this month.  

Rathdrum 55+ Community in Golden Spike

No Sales this August 2018 in Golden Spike.

Golden Spike had 3 homes selling last August 2017 for an average price of $146 per square foot with 66 days on average for days on market.  

 

Rathdrum Condos

Rathdrum Condos for sale

It was a Twin Lakes Condo Month this August 2018.  5 Sales this month in Twin Lakes coming in at an average sales price of $113 per square foot.  The average days on market for these condos was 37 days.

We had the same number of Condos selling in August 2017.  They sold for an average price of $127 per square foot and were on the market for an average of 80 days.  

Rathdrum Manufactured Homes on Leased Land

Rathdrum Under 100K for sale

One Rathdrum manufactured home selling this month.  It was in Willow Creek and went for an average price per square foot of $34.  it was on the market for 8 days.

No 2017 sales to compare to this month.

Rathdrum Home Value Results for Previous Months

Rathdrum monthly updates

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Rathdrum Homes for Sale

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