September 2024 Coeur d'Alene Real Estate Market Update: Key Insights for Buyers and Sellers

Let’s dive into the latest real estate stats for Coeur d'Alene this past September and see what the numbers really mean for all of you buyers and sellers out there. 📊🏠

Months Supply of Inventory: 4.41  

Alright, first up, the Months Supply of Inventory is sitting at 4.41. In simpler terms, if no new homes hit the market, we’d run out of houses to sell in about 4.4 months. It’s not quite a buyer’s market, not quite a seller’s market—it’s more like a Goldilocks market. Not too hot, not too cold... just right for everyone to get a taste of the action. 

Inventory Change Over the Last Year: +18.55%  

This might be the most exciting stat for you potential buyers: inventory has gone up by 18.55% over the past year! That means more homes to choose from. It's like finally finding your size at a shoe sale—more options, more chances to snag the perfect fit. Sellers, don’t worry! More homes on the market just means it's time to make your place shine and stand out from the crowd.

Median Days on Market: 25  

Homes are flying off the shelves in just 25 days on average. It’s still a fast-paced market, folks. If you’re a buyer, be ready to pounce when you find “the one.” And if you’re selling, know that if you price it right, you won’t be on the market long. A little staging magic, a good price, and bam—you’re sold before you know it.

List to Sold Price Percentage: 96.5%  

With homes selling at around 96.5% of the asking price, sellers are walking away with a decent chunk of what they’re asking. But buyers, this little gap means there might be room for some good ol’ negotiation. Who doesn’t love that?

Median Sold Price: $585,000  

The median price of homes sold is clocking in at $585,000. It’s a solid number and shows that prices are holding steady, even with a bit more inventory on the scene. This should give both buyers and sellers some peace of mind—whether you’re looking to buy your next slice of North Idaho paradise or sell it to someone else.

Wrapping It Up  

Overall, Coeur d'Alene’s market is holding steady, with enough options for buyers and a good return for sellers. So, if you’re thinking of buying, get ready to explore a bit more inventory with a dash of negotiating power. Sellers, now’s the time to price right and maybe throw in a little curb appeal for good measure. 

Curious About Other Parts of Kootenai County?  

If Coeur d'Alene isn’t the exact spot you’re eyeing, no problem! I’m here to help you make sense of the entire Kootenai County market. Whether you’re looking to buy or sell in Post Falls, Hayden, or anywhere else in the area, reach out for a specialized market report tailored just for you. Let’s find the perfect fit for your real estate goals.

Got questions about what all this means for you? Let’s chat! Whether you’re looking to buy, sell, or just talk shop about the market, I’m here to help you navigate the Coeur d'Alene real estate scene. 🏡💼 Give me a shout, and let's make the most of this unique market!