Rathdrum Real Estate June 2020

Rathdrum Idaho June 2020 Home Values Update

63 Homes sold in Rathdrum Idaho during June 2020. There are currently 70 homes on the market, so just a little over a month of inventory.

The volume of home sales is up by 10 homes compared to June 2018 which had 54 home sales. June 2018 also had 54 home sales and June 2017 had 64 home sales.

Rathdrum Idaho New Construction

The volume of new construction home sales on city lots has increased by 8 houses and the average sales price has increased by $21 per sqft. compared to June 2019. There are currently 8 homes on the market in this group: a little under a month’s of inventory.

13 New construction homes sold in Rathdrum Idaho during June 2020 for an average of $190 per sqft. The average lot size was 0.18 acres.

These homes sold for an average of 104% of the listed price. The high seller of the group sold for an average of $212 per sqft. and was from the Brookshire community. The low seller of the group sold for an average of $151 per sqft. and was from the Brookshire community.

Home sales in this group include homes from the Corbin Crossing South community.

June 2019 had 5 new construction homes on city lots sell for an average of $169 per sqft.

June 2018 had 9 new construction homes selling for an average price per sqft of $167. June 2017 had 24 new homes sell for an average price per sqft of $144.

Rathdrum Idaho New Construction Homes for sale

Rathdrum Homes on Existing City  Lots Built 2000 or Newer

The volume of home sales in this group has increased by 6 houses and the average sales price has increased by $15 per sqft. compared to June 2019. There are currently 11 homes on the market in this age group: just a little under a month’s of inventory.

18 Existing homes that were built from 2000-2019 sold in Rathdrum Idaho during June 2020 for an average of $190 per sqft. The average time on the market was 103 days. The average lot size was 0.2 acres.

These homes sold for an average of 100% of the listed price. The high seller of the group sold for an average of $235 per sqft. and was from the Quail Ridge subdivision. The low seller of the group sold for an average of $126 per sqft. and was from the Prairie Sky subdivision.

Home sales in this group include houses from the Prairie Sky; Timber Landings; and Skyline Meadows communities.

June 2019 had 12 homes sell in this age group for an average of $175 per sqft. and the average time on the market was 51 days.

June 2018 had 14 existing home sales on city lots selling for an average price per sqft of $146 with an average of 65 days on the market.

Rathdrum homes on less than an acre for sale

Rathdrum Homes on Existing City Lots Built Pre-2000

The volume of home sales in this age group has decreased slightly and the average sales price has increased by $45 per sqft. compared to June 2019. There are currently 10 homes on the market in this group: a little over a month of inventory.

7 Existing homes that were built prior to 2000 sold in Rathdrum Idaho during June 2020 for an average of $178 per sqft. The average time on the market was 48 days. The average lot size was 0.22 acres.

These homes sold for an average of 99% of the listed price. The high seller of the group sold for an average of $248 per sqft. and was from the Deerfield subdivision. The low seller of the group sold for an average of $137 per sqft. and was from the Kiefer subdivision.

Home sales in this group include houses from the Deerfield community.

June 2019 had 8 homes sell in this age group for an average of $133 per sqft. and the average time on the market was 48 days.

June 2018 had 14 homes selling for an average price per sqft of $146 with an average of 65 days on the market. June 2017 had 21 existing home sales in all age groups selling for $142 per sqft with 72 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

3 Homes sold in the 1-acre category in Rathdrum Idaho during June 2020. There are currently 9 homes on the market in this group.

The volume of home sales is holding steady for new construction and existing homes with a decrease of the average sales price by $77 per sqft. for new construction and a decrease of the average sales price by $48 per sqft. for existing homes.

New Construction Homes on 1 Acre

1 New construction home sold in this group for an average of $190 per sqft. The average size of the lot was 1.2 acres. This home sold for an average of 99% of the listed price.  

June 2019 had 1 new construction home sell in this group for an average of $267 per sqft.

Existing Homes on 1 Acre

2 Existing homes sold in this group for an average of $207 per sqft. and the average time on the market was 74 days. The average lot size was 1.4 acres.

These homes sold for an average of 94% of the listed price. The high seller of the group sold for an average of $306 per sqft. The low seller of the group sold for an average of $109 per sqft.

June 2019 had 2 existing homes sell in this group for an average of $255 per sqft. and the average time on the market was 37 days.

June 2018 had 2 existing homes sell in this group for an average of $206 per sqft. No 2017 sales.

Rathdrum Homes on 5 Acre Lots

7 Homes sold in the 5-acre category in Rathdrum Idaho during June 2020. There are currently 19 homes on the market in this group: almost 3 month’s of inventory.  

The volume of home sales has decreased for new construction and increased for existing homes. The average sales price has increased by $5 per sqft. for new construcion and decreased by $27 per sqft. for existing homes compared to June 2019.

New Construction Homes on 5 Acres

1 New construction home sold in this group for an average of $247 per sqft. The average size of the lot was 4.76 acres. This home sold for an average of 100% of the listed price.  

June 2019 had 5 new construction homes sell in this group for an average of $242 per sqft.

Existing Homes on 5 Acres

6 Existing homes sold in this group for an average of $233 per sqft. and the average time on the market was 176 days. The average lot size was 4.9 acres.

These homes sold for an average of 101% of the listed price. The high seller of the group sold for an average of $264 per sqft. and was from the Wilderness Ranch subdivision. The low seller of the group sold for an average of $174 per sqft. and was also from the Wilderness Ranch subdivision. 

4 Existing Homes on 5 acre lots sold for an average price per sqft of $260 with an average of 71 days on market during June 2019.

8 Homes sold in June 2018 for an average price per sqft of $177 with an average of 131 days on market. June 2017 had 6 homes selling for an average of $175 per sqft and 80 days on the market.

Rathdrum Homes on 10 Acres

The volume of home sales has increased by one home and the average sales price has increased by $71 per sqft. compared to June 2019. There are currently 4 homes on the market in this group: about 2 months of inventory.

2 Existing homes sold in the 10 acre group in Rathdrum Idaho during June 2020 for an average of $177 per sqft. The average time on the market was 51 days. The average lot size was 10.05 acres.

These homes sold for an average of 94% of the listed price. The high seller of the group sold for an average of $214 per sqft. The low seller of the group sold for an average of $140 per sqft.

June 2019 had 1 home sell in this group for an average of $106 per sqft. and the average time on the market was 168 days.

June 2018 had 1 home selling for an average price per sqft of $214 with an average of 82 days on the market. June 2017 had 2 homes selling for an average of $175 per sqft.

Rathdrum Waterfront Homes

The volume of home sales in this group has decreased by one home and the average sales price has increased by $135 per sqft. compared to June 2019. There are currently 4 waterfront homes on the market: about 2 month’s of inventory.

2 Residential waterfront homes sold in Rathdrum Idaho during June 2020 for an average of $370 per sqft. The average time on the market was 62 days. The average lot size was 0.4 acres.

These homes sold for an average of 99% of the listed price. The high seller of the group sold for an average of $532 per sqft. and was from the Lake Park subdivision. The low seller of the group sold for an average of $208 per sqft. and was from the Echo Beach subdivision.

3 Waterfront homes sold in June 2019 for an average price per sqft of $235 with an average of 65 days on the market.

June 2018 had 4 homes selling for an average price per sqft of $299 with an average of 75 days on the market. June 2017 had 3 homes selling for an average price per sqft of $166.

Rathdrum Idaho Lake Front Homes for sale

Rathdrum 55+ Community in Golden Spike

The volume of home sales in the Golden Spike community is holding steady and the average sales price has decreased by $17 per sqft. compared to June 2019. There are currently 2 homes on the market.

2 Golden Spike homes on rented lots sold during June 2020 for an average of $149 per sqft. The average time on the market was 88 days.

These homes sold for an average of 98% of the listed price. The high seller of the group sold for an average of $168 per sqft. The low seller of the group sold for an average of $129 per sqft.

2 Golden Spike 55+ Community homes selling in June 2019.  They sold for an average price per sqft of $166 with an average of 95 days on the market. 

June 2018 had 4 homes selling for an average price per sqft of $152 with an average of 63 days on market. June 2017 had 4 homes selling for an average price per sqft of $125 with 82 days on the market.

Rathdrum Condos

The volume of home sales in this group has doubled and the average sales price has decreased by $10 per sqft. compared to June 2019. There are currently 3 condos on the market.

8 Condos sold in Rathdrum Idaho during June 2020 for an average of $168 per sqft. and the average time on the market was 53 days. The average lot size was 0.06 acres.

These homes sold for an average of 98% of the listed price. The high seller of the group sold for an average of $282 per sqft. The low seller of the group sold for an average of $92 per sqft.

Home sales in this group include condos from the Twin Lakes Village.

June 2019 had 4 condos sell for an average of $176 per sqft. and the average time on the market was 71 days.

June 2018 had 4 condos selling for an average of $100 per sqft with an average of 116 days on market. June 2017 had 6 condos selling for an average of $98 per sqft with 81 days on the market.

Rathdrum Condos for sale

Rathdrum Manufactured Homes on Leased Land

The volume of home sales in this group has remained the same and the average sales price has increased by $49 per sqft. compared to June 2019.

1 Manufactured home on a leased lot sold in Rathdrum Idaho during June 2020 for an average of $73 per sqft. The average time on the market was 29 days. This home sold for an average of 100% of the listed price.

June 2019 had 1 manufactured home sell for an average of $24 per sqft. and the average time on the market was 98 days.

No 2018 or 2017 sales.

Rathdrum Under 100K for sale

Rathdrum Home Value Results for Previous Months

Rathdrum monthly updates

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