North Idaho Real Estate Market Update: Crash Or Boom In February 2024?

Are you considering diving into the North Idaho real estate scene? Stay ahead with our latest market insights! North Idaho's real estate landscape is buzzing with activity, characterized by a competitive market where high demand meets low inventory. With active listings up by 19% from the previous year and a notable increase in both new listings and sold properties, the market dynamics are constantly evolving.

While the median list price has seen a slight decrease of 7% from last year, the median sale price tells a different story, rising by 3%. Properties are moving fast, with the median days on the market now at 88 days, reflecting a 7% increase. The market's absorption rate stands at 3.69, a significant jump of 33% from last year, indicating a strong and robust market environment.

In this fast-paced market, properties priced correctly are selling swiftly, sometimes within days. For prospective buyers, the message is clear: securing pre-approval and having your finances organized is crucial to compete effectively and make timely offers. As the market is anticipated to remain vigorous through the spring and summer, waiting for a market downturn might not be the best strategy.

Considering investing in real estate with your family? Make informed decisions based on your unique circumstances rather than attempting to time the market. The allure of North Idaho continues to attract a multitude of buyers, eager to experience what the region has to offer.

Stay tuned for more updates and insights into the North Idaho real estate market. Whether you're buying, selling, or just exploring, we're here to guide you every step of the way in this dynamic real estate environment.

If you’re thinking about moving to North Idaho be sure to give us a call, shoot us a text, send us an email, or schedule a Zoom call. We’d love to help you make a smooth move to North Idaho!
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00:00 Introduction
01:17 Median Days on the Market and Absorption Rate
03:13 Anticipated Market Activity in Spring/Summer
04:12 Home Value Trends and Market Crashes
05:23 Supply and Demand in the Market
06:11 Moving to North Idaho
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We get calls and emails every day from people just like you, looking for help on making their move to Coeur d'Alene Idaho and north Idaho. Whether you're moving in now or 12 months from now, give us a call ☎️, shoot us a text💬, or send us an email📧.

Seth Horst - Idaho Real Estate License: SP52928
📲 Call or Text: (208) 618-4421
📩 Email: Seth@yournorthidahoagent.com

Dave Faller - Idaho Real Estate License: SP52181
📲 Call or Text 208-572-2266
📩 Email: Dave@yournorthidahoagent.com

Eric Boardman - Idaho Real Estate License: SP58741
📲 Call or Text 208-446-9364
📩 Email: Eric@yournorthidahoagent.com

Brokered by Keller Williams Realty Coeur d'Alene
Each office is independently owned and operated.
Equal housing opportunity
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****Most stats and data come from the following sites and are not based on our opinions:
Great Schools: https://www.greatschools.org/idaho/coeur-d'alene/
Neighborhood data: https://www.niche.com/?ref=places-to-live
Census data: https://data.census.gov/
More about Coeur d'Alene: https://en.wikipedia.org/wiki/Coeur_d%27Alene,_Idaho

***All stats, data, housing prices and anything else mentioned are subject to change and provided merely as examples at the time of recording***
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IREC: https://irec.idaho.gov/consumer/

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