Spirit Lake Real Estate March 2020

Spirit Lake Real Estate Update for March 2020

Spirit Lake Idaho 83869 March 2020 Housing Market Update

8 Homes sold in Spirit Lake Idaho during March 2020 with 31 homes still on the market, so almost 4 months of inventory. The volume of home sales has decreased by 3 homes compared to March 2019 which had 11 home sales. March 2018 had 11 home sales and March 2017 had 8 home sales.

Now amid the COVID-19 pandemic, we will provide the amount of homes that are still on the market in each category that way you can see how the real estate market is holding up.

Spirit Lake New Construction

March 2020 didn’t have any new construction home sales.  There are about 8 new construction homes still currently on the market.

No New Construction home sales in March 2019.

March 2018 had 3 new homes selling for an average of $161 per sqft. March 2017 had 1 home selling for an average of $128 per sqft.  

Spirit Lake New Construction for sale

Existing Homes on City Lots in Spirit Lake

The volume of home sales in this group has declined by 6 homes and the average sales price has increased by $63 per sqft compared to March 2019. 7 Existing homes on city lots are currently on the market.

2 Existing homes on city lots sold in Spirit Lake Idaho during March 2020. The average sales price was $222 per sqft. and the average time on the market was 51 days for these homes. The average lot size was 0.25 acres.

These homes sold for an average of 100% of the listed price. The high seller of the group sold for an average of $228 per sqft. The low seller of the group sold for an average of $215 per sqft.  

March 2019 had 8 homes sell for an average of $159 per sqft. with an average of 51 days on the market.

March 2018 had 1 existing home on a city lot selling for an average of $90 per sqft.  March 2017 had 3 homes selling for an average of $72 per sqft with an average of 91 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 increased by one home and the average sales price has increased by $19 per sqft. compared to March 2019. 2 Homes in the 1-acre category are currently on the market.

2 Homes in the 1-acre group sold in Spirit Lake Idaho during March 2020. The average sales price was $146 per sqft. and the average time on the market was 92 days. The average lot size was 1 acre.

These homes sold for an average of 72% of the listed price. The high seller of the group sold for an average of $155 per sqft. The low seller of the group sold for an average of $138 per sqft.  

March 2019 had one home sell for an average of $127 per sqft. and the average time on the market was 74 days.

2018 had 1 new construction home on a 1-acre lot selling for an average of $179 per sqft.  March 2017 had 1 home as well selling for an average of $135 per sqft.  It was on the market for an average of 39 days.  

Spirit Lake Homes on 5 Acres

7 Homes in the 5-acre group are currently on the market. There aren’t any home values in this group to compare to from March 2019.

2 Homes in the 5-acre category sold in Spirit Lake Idaho during March 2020. These homes sold for an average of $270 per sqft. and the average time on the market was 119 days. The average lot size was 5.2 acres.

These homes sold for an average of 97% of the listed price. The high seller of the group sold for an average of $271 per sqft. The low seller of the group sold for an average of $270 per sqft.

No March 2019 home sales.

2 Homes sold in March 2018 for an average price per sqft of $219 with an average of 32 days on the market. March 2017 had 2 homes selling for an average of $195 per sqft with an average of 220 days on the market.  

Spirit Lake Homes on 10-Acres

March 2020 didn’t have any home sales in this group however there are currently 5 homes on the market in the 10-acre category.

March 2019 had one home sell for an average of $158 per sqft. and the average time on the market was 45 days. The average lot size was 10.25 acres.

March 2018 had 1 home selling for an average price per sqft of  $213.  March 2017 had 1 home selling for an average price per sqft of $158 with an average of 240 days on the market.

Spirit Lake Homes with over 10-Acres

March 2020 didn’t have any homes sell with over 10 acres, however, there are currently 2 homes on the market in this group.

March 2019 had one home sale in this group that sold for an average of $162 per sqft. and the average time on the market was 128 days. The average lot size was 25 acres.

March 2019 had 1 home selling for $132 per sqft with an average of 155 days on the market.  The average lot size was 10.55 acres. 

Spirit Lake Waterfront Homes

There aren’t any March 2019 waterfront home sales to compare to and there are currently no residential waterfront homes on the market right now.

1 Residential waterfront home sold in Spirit Lake Idaho during March 2020 for an average of $414 per sqft. and the average time on the market was 25 days.

The average lot size was 0.25 acres. This home sold for an average of 100% of the listed price. 

March 2019 didn’t have any waterfront home sales.

March 2018 had 2 lakefront homes selling for an average price per sqft of $226 with average days on the market of 55.  

Spirit Lake Waterfront Properties for sale

Manufactured Homes on Leased Lots

1 Manufactured home on a leased lot sold in Spirit Lake Idaho during March 2020 for an average of $63 per sqft. The average time on the market was 79 days.

This home sold for an average of 100% of the listed price.   There are currently no manufactured homes on the market right now

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