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Kootenai County Market Report – January 2022

Page 1

JANUARY 2022


In January 2022, Kootenai County home prices were up 26.5% compared to last year, selling for a median price of $531,144. On average, homes in Kootenai County sell after 95 days on the market, down 26.4% from last year. There were 240 homes sold in January this year, down from 257 last year. Average Sales Price

Current Listing Inventory

Average Days On Market

$657,828

329

95

Up 22.8%

Down 13.0%

Down 26.4%

Median Sales Price

Closed Sales

Annual Residential Sales

$531,144

240

240

Up 26.5%

Down 6.6%

Down 6.6%

Average Days On Market 12-month comparison, highlighting current month

130 110

100

90

95 81

83 68

70

73

73

76

75

74

July '21

Aug '21

Sep '21

Oct '21

Nov '21

80

61

50 Feb '21

Mar '21

Apr '21

May '21

June '21

De c '21

Jan '22

Monthly Mortgage Rates Monthly 30-year fixed mortgage rates

3.90% 3.70%

3.55%

3.50% 3.18%

3.30% 3.10% 2.90%

2.98%

2.97%

2.95%

2.80%

2.73%

3.14%

3.10%

3.11%

Oct '21

Nov '21

De c '21

3.01%

2.98%

2.87%

2.70% 2.50% Jan '21

2

Feb '21

Mar '21

Kootenai County Market Report | January 2022

Apr '21

May '21 June '21 July '21

Aug '21

Sep '21

Jan '22


Active Residential Listings As of 1/15/2022, month/year comparison 1000 731

800 600

555

495

720

716

684

636

588

503 415

403

329

400 200 0 Feb '21

Mar '21

Apr '21

May '21

June '21

July '21

Aug '21

Sep '21

Oct '21

Nov '21

De c '21

Jan '22

Active Listings By Price Range Year-over-year comparison as of 1/15/2022

2021

120

$1M+ 27%

$800K-$1M 7%

2022 89

90

30

9

8

2

9

5

8

35

17

30

$600K-$800K 19%

$250K-300K 1%

25 25 $300K-$350K 2% 200K-$250K 2%

7

6

2

63

59 62

50

45

$150-200K 3%

78

73

60

0-$150K 2%

+ $1 M

0$1 50 K

$1 50 -2 00 K 20 0K -$ 25 0K $2 50 K30 0K $3 00 K$3 50 $3 K 50 K$4 00 $4 K 00 K$5 00 $5 K 00 K$6 00 $6 K 00 K$8 00 K $8 00 K$1 M

0 $500K-$600K 24%

$400K-$500K 11%

$350K-$400K 2%

Sold Listings By Price Range Year-over-year comparison for the month of January

120

2021

2022

$600K-$800K 22%

$800K-$1M 6% $1M+ 11%

70

80

57 40

40

29

24 10 8

4

1

4

0

1

6

$150-200K 1% 200K-$250K 0%

52 31

20

40

32 12 15

24 27

$500K-$600K 17%

$250K-300K 0%

+ $1 M

$1 50 -2 00 K 20 0K -$ 25 0K $2 50 K30 0K $3 00 K$3 50 $3 K 50 K$4 00 $4 K 00 K$5 00 $5 K 00 K$6 00 $6 K 00 K$8 00 K $8 00 K$1 M

0 0$1 50 K

0-$150K 3%

$400K-$500K 29%

$350K-$400K 8%

$300K-$350K 3%

Kootenai County Market Report | January 2022

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Kootenai County Market Report – January 2022 by Coldwell Banker Tomlinson - Issuu