Rathdrum Idaho Real Estate Update August 2019

Rathdrum Idaho August 2019 Home Values Update

Rathdrum Idaho New Construction

Volume in new construction on city lots in Rathdrum has declined by 12 houses in the month of August 2019 compared to August 2018. The average sales price has increased by $39 per sqft.

A total of 6 of New Construction homes were sold in Rathdrum for the month of August 2019. However, 3 of those will be in the 5-acre category so to keep things simple we’ll have a brief analysis of the less than 2-acre New Construction homes in this section only.  These three homes sold for an average of $201 per sqft and had an average lot size of 0.33 acres.

The high seller of the group was a Radiant Lake home that sold for an average of $256 per sqft. The low seller of the group was a Timber Landing Estates home that sold for an average of $132 per sqft.

15 new homes sold in August 2018 on city lots.  New 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 New Construction Homes for sale

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Rathdrum Homes on Existing City  Lots Built 2000 or Newer

Volume in homes sold on existing lots that were built in 2000 or newer is up by 5 houses this month compared to August 2018! The average price sold has increased by $37 per sqft.

13 Existing homes that were built in 2000 or newer were sold in Rathdrum Idaho for the month of August 2019. The average price sold was $185 per sqft.   They spent an average of 54 days on the market. The average lot size was 0.25 acres. These homes sold for an average of 99% of the listed price.

The high seller of the group was a Prairie Sky home that sold for an average of $248 per sqft. The low seller of the group was a Skyline Meadows home that sold for an average of $131 per sqft. Homes in this category also included houses from the Prairie Sky; and Radiant Lake communities.

8 existing homes sold in August 2018.  These homes averaged $148 per square foot and were on the market for an average of 53 days. 

August 2017 had 15 existing homes sold.  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 homes on less than an acre for sale

Rathdrum Homes on Existing City Lots Built Pre-2000

Volume is down in this category by 4 homes sold in the month of August 2019 compared to August 2018. The average price per sqft has increased by $9.

10 Homes that were built pre-2000 were sold in Rathdrum Idaho for the month of August 2019. The average price sold was $158 per sqft. They spent an average of 66 days on the market. The average lot size was 0.23 acres. These homes sold for an average of 98% of the listed price.

The high seller of the group was a Deerfield home that sold for an average of $243 per sqft. The low seller of the group was a Twin Lakes Village home that sold for an average of $109 per sqft.

August 2018 had 14 homes averaging about $149 per square foot.  They were on the market for an average of 69 days and had an average lot size of 0.29 acres. 

Rathdrum homes on less than an acre for sale

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Rathdrum Homes on Acreage

Rathdrum Homes on Over 1 Acre

Rathdrum Homes on 1 Acre Lots

The volume of homes sold with 1-acre lots has stayed steady in this month compared to August 2018. The average price has decreased by $42 per sqft.

2 Homes on 1-acre lots sold in Rathdrum Idaho for the month of August 2019. They sold for an average of $154 per sqft. The average time on the market was 148 days. The average lot size was 1.35 acres. These two homes sold for an average of 92% of the listed price.

The high seller of the group was a Greenacres Irrig. home that sold for an average of $205 per sqft. The low seller of the group was a Skyline Meadows home that sold for an average of $139 per sqft.

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. 

No 2017 sales to compare to.

Rathdrum Homes on 5 Acre Lots

Volume is up for Rathdrum homes sold on 5-acre lots by 3 houses in the month of August 2019 compared to August 2018. The average price per sqft has increased by $53.

9 Existing homes on 5-acre lots were sold in Rathdrum Idaho for the month of August 2019. They sold for an average price of $220 per sqft and spent an average of 81 days on the market. The average lot size was 4.9 acres. These homes sold for an average of 96% of the listed price.

The high seller of the group was a Clark Estates home that sold for an average of $284 per sqft. The low seller of the group was an Ashley Est. home that sold for an average of $161 per sqft. Homes in this category also include homes from the Elkhorn Ranch; Timbers; and Selkirk Meadows communities.

3 New Construction homes were built on 5-acre lots and sold in Rathdrum Idaho for the month of August 2019.  They sold for an average of $229 per sqft. The average lot size was 4.8 acres.

The high seller of the group sold for an average of $255 per sqft. The low seller of the group was a Lone Mountain Estates home that sold for an average of $218 per sqft.

Rathdrum had a busy month for homes on 5 acre lots in August 2018.  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. 

We are down slightly from 7 homes selling in August 2017.  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

Volume is down by 3 houses in 10-acre category for Rathdrum in the month of August 2019 compared to August 2018. The average price of a home sold has decreased by $52 per sqft.

1 Home on a 10-acre lot was sold in Rathdrum Idaho for the month of August 2019. It sold for an average of $147 per sqft and spent an average of 74 days on the market. The average size of the lot was 10.08 acres.

1 Home with over 10-acres was sold in Rathdrum Idaho for the month of August 2019. It sold for an average of $733 per sqft and spent an average of 394 days on the market. The average size of the lot was 160 acres.

Rathdrum had 4 homes sold on August 2018 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.

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.  

Rathdrum Waterfront Homes

No home sales in this category for the month of August 2019.

Twin Lakes had 2 waterfront homes sell in 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 Idaho Lake Front Homes for sale

Rathdrum 55+ Community in Golden Spike

Volume in sales for the Golden Spike community has increased by 6 homes for the month of August 2019 compared to August 2018. The average sales price has decreased by $5 in August 2019 compared to August 2017.

6 Golden Spike 55+ community homes were sold in Rathdrum Idaho for the month of August 2019. The average sale price was $141 per sqft and the average time on the market was 77 days. These homes sold for an average of 98% of the listed price.

The high seller of the group sold for an average of $192 per sqft. The low seller of the group sold for an average of $100 per sqft.

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

Volume in Rathdrum condo sales has increased by 2 homes this month compared to August 2018. The average price has increased by $20 per sqft.

7 Condos sold in Rathdrum Idaho for the month of August 2019. The average sale price was $133 per sqft. The average time on the market was 72 days. These homes sold for an average of 96% of the listed price.

The high seller of the group was a Radiant Lake Condo that sold for an average of $206 per sqft. The low seller of the group was a Twin Lakes Village condo that sold for an average of $81 per sqft.

5 Sales in the month of August 2018 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 Condos for sale

Rathdrum Manufactured Homes on Leased Land

Manufactured home sales in Rathdrum have stayed the same for this month compared to August 2018. The average price has increased by $4 per sqft.

1 Manufactured home on a leased lot sold in Rathdrum Idaho for the month of August 2019. It sold for an average of $38 per sqft and spent an average of 67 days on the market. It sold for an average of 84% of the listed price. This home was located in the Willow Creek community.

One Rathdrum manufactured home sold in the month of August 2018.  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 Under 100K for sale

Rathdrum Home Value Results for Previous Months

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