Spirit Lake May 2020 Real Estate

Spirit Lake Idaho 83869 May 2020 Housing Market Update

17 Homes sold in Spirit Lake Idaho during May 2020. There are currently 35 homes on the market, so about 2 months of inventory.

The volume of home sales is up by 7 houses compared to May 2019 which had 10 home sales. May 2018 had 11 home sales and May 2017 had 12 home sales.

Spirit Lake New Construction

There are currently 8 new construction homes on city lots on the market, so about 4 months of inventory.

2 New construction homes on city lots sold in Spirit Lake Idaho during May 2020 for an average of $198 per sqft. The average lot size was 0.17 acres.

These homes sold for an average of 100% of the listed price. The high seller of the group sold for an average of $199 per sqft. The low seller of the group sold for an average of $196 per sqft.

No 2019 New Construction sales in May 2019 that were on a city lot. 

May 2018 had 1 home selling for an average of $153 per sqft and May 2017 had 3 new construction homes selling for an average price per sqft of $141.  

Spirit Lake New Construction for sale

Existing Homes on City Lots in Spirit Lake

The volume of home sales in this group has increased by one home and the average sales price has increased by $53 per sqft. compared to last year. There are currently 12 homes on the market in this group.

7 Existing homes on city lots sold in Spirit Lake Idaho during May 2020 for an average of $204 per sqft. The average time on the market was 70 days. The average lot size was 0.3 acres.

These homes sold for an average of 99% of the listed price. The high seller of the group sold for an average of $226 per sqft. The low seller of the group sold for an average of $178 per sqft.

May 2019 had 6 homes sell for an average of $151 per sqft. and the average time on the market was 57 days.

May 2018 had 2 homes on city lots selling for an average of $121 per sqft with an average of 45 days on the market. May 2017 had 4 homes selling for an average price per sqft of $101 with an average of 66 days on the market.

Spirit lake Homes less than 1 Acre

Spirit Lake Homes on Acreage

Spirit Lake Homes on Acreage for sale

Spirit Lake homes on 1 Acre

The volume of home sales in this group has remained the same and the average sales price for existing homes has decreased by $54 per sqft. compared to May 2019.

2 Homes sold in the 1-acre category in Spirit Lake Idaho during May 2020, one new construction and one existing home.

New Construction

The new construction home sold for an average of $229 per sqft. The average lot size was 1.01 acre. This home sold for an average of 100% of the listed price.  

Existing Homes

The existing home sold for an average of $147 per sqft. and the average time on the market was 57 days. This home sold for an average of 95% of the listed price.

May 2019 had 2 existing homes sell for an average of $201 per sqft. and the average time on the market was 88 days.

May 2018 had no home sales on 1 acre lots and May 2017 had 1 home selling for an average of $162 per sqft.

Spirit Lake Homes on 5 Acres

The volume of home sales in this group has increased by two homes. There are currently 6 homes on the market in this group, so about 2 months of inventory.

3 Homes sold in the 5-acre group in Spirit Lake Idaho during May 2020 for an average of $227 per sqft. The average time on the market was 181 days. The average lot size was 5.5 acres.

These homes sold for an average of 90% of the listed price. The high seller of the group sold for an average of $296 per sqft. The low seller of the group sold for an average of $155 per sqft.

May 2019 had 1 new construction home that sold in the 5-acre group for an average of $183 per sqft.

May 2018 had 2 homes on 5-acre parcels selling for an average of $139 per sqft with an average of 59 days on the market.  No May 2017 sales.  

Spirit Lake homes on 10 Acres

The volume of home sales in this group has increased by 2 homes and the average sales price has increased by $83 per sqft. compared to May 2019. There are currently 5 homes on the market in this group.

3 Homes sold in the 10-acre group in Spirit Lake Idaho during May 2020 for an average of $190 per sqft. and the average time on the market was 88 days. The average lot size was 10.5 acres.

These homes sold for an average of 92% of the listed price. The high seller of the group sold for an average of $222 per sqft. The low seller of the group sold for an average of $141 per sqft.

One home on a 10-acre lot selling for an average price per sqft of $107 with an average of 30 days on the market during May 2019.

May 2018 had 5 homes on 10 acre lots selling for an average price per sqft of $178 with an average of 69 days on market.  May 2017 had 2 homes selling for an average price per sqft of $138 with an average of 75 days on the market.  

Spirit Lake Waterfront Homes

No May 2020 waterfront home sales.

No May 2019 Sales.  

May 2018 had no sales.  May 2017 had 1 home selling for an average price per sqft of $187.  

Spirit Lake Waterfront Properties for sale

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