Hello, Post Falls homeowners, buyers, and real estate enthusiasts!

If you’re thinking about buying, selling, or just keeping a close eye on the real estate market, you’re in the right place. The Post Falls, Idaho real estate market has been shifting, and understanding the numbers behind the trends is key to making smart decisions.

So, what’s going on in the single-family home market in Post Falls as of January 2025?

Let's break it down and see whtat the numbers really mean!

Months Supply of Inventory: 2.16 Months

The months supply of inventory (MSI) is one of the biggest indicators of market health. Right now, it sits at 2.16 months, meaning that if no new homes hit the market, it would take just over two months to sell all the available listings at the current sales pace.

What does this mean for you?

For Sellers:A lower MSI typically indicates a seller’s market, meaning demand is strong and homes are moving relatively fast. However, it's still not as tight as in previous years, so pricing competitively and ensuring strong marketing is key.

For Buyers: While still a seller-favored market, the increase in inventory means more choices than before. If you’re searching for a home, you may have a little more breathing room, but don’t expect deep discounts.

12-Month Change in Inventory: +3.35%

Inventory is slowly increasing, which is great news for buyers who have been struggling to find homes in past years. The 3.35% increase means we’re seeing a bit more balance in the market—though demand still remains high.

If this trend continues, we could gradually shift toward a more neutral market, giving both buyers and sellers fair negotiating power.

Median Days on Market: 30 Days

Homes in Post Falls are selling fast, with a median time on the market of just 30 days. This indicates a highly competitive market where well-priced homes are getting snatched up quickly.

What’s driving the fast-paced sales?

• Strong Demand: Post Falls continues to attract buyers, from local movers to out-of-state relocations, keeping demand high.
• Competitive Pricing: Sellers are listing homes at market value, making them attractive to buyers who are ready to act quickly.
• Limited Inventory: Even though inventory has increased slightly, there’s still a relatively low supply of homes, pushing buyers to move fast when they find the right one.

Sellers: If you’re looking to sell, now is a great time. Homes are moving quickly, and well-presented, properly priced properties are attracting strong offers.

Buyers: Be prepared to act fast when you find a home you love. With a median of just 30 days on the market, waiting too long could mean missing out. Having financing in order and making strong, competitive offers will help you stand out.

Sold-to-List Price Ratio: 98%

What percentage of the asking price are sellers actually getting? 98% on average.

This means homes are selling close to asking price, but some negotiation is happening.

Sellers: Don’t expect wild bidding wars, but well-priced homes are still moving fast. Homes that are competitively priced and well-marketed are still selling close to asking.

Buyers: If you’ve been waiting for big price reductions, you may be out of luck. While there’s a little flexibility, lowball offers likely won’t get far in this market.

Median Sold Price: $521,500

The median sold price for single-family homes in Post Falls currently sits at $521,500, providing a benchmark for home values.

Compared to previous years, we’re seeing a slight correction in pricing, but overall, the market remains strong.

Sellers: If you were expecting a massive appreciation spike, you may need to adjust your expectations. However, homes are still selling at solid values.

Buyers: This price point means affordability is still a concern, but with interest rates stabilizing, more buyers are re-entering the market.

Key Takeaways: What This Means for You

For Sellers:Homes are selling, but not as fast as last year—be strategic with pricing and make sure your home is marketed effectively.Don't expect huge bidding wars—buyers have more options now.The market still favors sellers, but buyers are becoming more selective.

For Buyers:Inventory is growing slightly, meaning you might have more options.Homes are still selling near asking price, so be prepared to make a strong offer.Homes are sitting longer, meaning there’s room for negotiation on older listings.

For Investors:The market remains steady with continued demand in Post Falls.Rental demand remains strong, making it a viable location for real estate investment.Watching market trends closely will help identify the best investment opportunities.

Final Thoughts & What’s Next?

The Post Falls real estate market in January 2025 remains active, slightly more balanced, and still favoring sellers but with a few more opportunities for buyers. Homes are selling quickly, with a median of just 30 days on the market, indicating strong demand. Pricing remains solid, and while buyers have a bit more inventory to choose from compared to last year, competition remains strong. Sellers who price their homes appropriately can expect to see offers come in relatively fast, while buyers should be ready to act decisively when they find the right property.

Thinking about buying or selling this year? Let’s chat. I’d love to help you navigate this evolving market and find the right strategy for you.