Rathdrum, Idaho Market Report for March 2016

Real Estate Broker/Owner with Idaho Real Homes LLC

Residential sales are actually down a little in 2016 compared to 2015 for the month of March technically.  I do not think that is a true reflection of the market.

Volume is down slightly and prices are up!

2015 saw 13 homes selling as existing single family homes they sold for a total of $2,132,100 or an average of $164,007.  The average total square footage of those homes was 1579 sq. ft. or selling for the average price of $103.86 per square foot.


2016 saw 9 existing single family homes selling for a total of $1,485,600 or an average of $165,066 per home.  The average square footage of those homes was 1475 sq ft or selling for the average price of $111.90 per square foot.

New Construction is still climbing in the area:

2015 Saw 2 New construction homes, that were built-in town for a total of $452,530 with an average sales price of $226,265.  Total square footage of those 2 averaged 1769 sq. ft. with a total square footage price averaging in at $127.90 per square foot.

2016 gave us 5 homes selling that are new construction for a total of $1,233,263.  One of those homes is a big home with an unfinished basement that I am going to take out of our averages as its going to skew the numbers.  It sold for $410,170 and was 4750 square feet.  The other 4 averaged $205,773 each with an average square footage of 1578 or selling for an average price of $130.40 per square foot.

2015 Also gave us 2 new construction homes on acreage.  1 that was 1818 sq ft that sold for $286,000 it was on 5 acres and the other a 2680 sq ft home that was on 3 acres that sold for $430,000.

We saw 4 lots sell in March 2015 with a total volume of $161,900 or an average sales price of $40,475.  Average lot size was .30 of an acre.  Click here to view the 2015 sales.

We had 6 acreage lots sell in March of 2015.  One a 2.29 acre lot for $55,000.  One large lot that was 20.25 acres that sold for $160,000.  And then 4 (4+) acre lots that averaged  $108,000 per lot the lots averaged 4.48 acres each.    Those 4 lots averaged approx. $24,545 per acre.

2016 saw only 1 vacant lot in town selling.  That was a .29 acre lot for $30,000

2016 also saw 4 lots with acreage selling in the month of March.  Those 4 lots sold for a total of $502,000 or an average of $125,500  The acreage average of them was 4.10 acres with an average selling price of $30,609 per acre.  Click here to see properties.

So even though the volume is down a little for the year.  Prices are still up and climbing.  It's a great time to be selling property.  If you would like your personal price opinion on your home please contact me.

Posted by

Michele Webler DB, ABR, CRS GRI, SRES :  Your Farm and Ranch Specialist

Idaho Real Homes LLC

Serving North Idaho Kootenai County and Eastern Washington Spokane County

Search for Homes Here



Michele Webler SKE Realty Group LLC








Comments (1)

Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Michele - this is a very comprehensive market report for Rathdrum Idaho.  Buyers and sells should contact you.

Apr 23, 2016 02:23 AM