REAL Market Update - Brought to you by Jackie Suarez, Associate Broker
What’s the Real Estate Climate in North Idaho?
Summer may be short in Bonner and Boundary Counties, but the last 30 days have brought on the heat. Sellers are lowering temperatures on pricing, and buyers are striking deals before the forecast shifts again. More homes and land have sold compared to the previous month, but sellers should pack a little patience — closings are taking about a month longer to reach the finish line.
Home sales volume climbed 20% over the previous month. The median home price nudged up to $650,000, a modest 2% rise. Mortgage rates remain steady, and homes are closing in about 96 days. Cash buyers made up 36% of sales, and VA loan activity continues to rise. Veterans — congratulations on your new homes and Thank You for your service to our country.
The land market also saw a change in weather patterns. More parcels sold, but lowerpriced offerings pulled the median down to $209,500, a 16% drop from the previous month. The silver lining? Lending options for land are expanding, including owner financing. Half of last month’s land sales were funded by loans, and cash covered the remaining 50% of dirt deals.
FROM A SATELLITE VIEW
Prices are holding on a gentle upward curve — not soaring, not storming. It’s high season for price reductions, and savvy buyers are engaging when the price is right. There’s plenty of ready money in the atmosphere. Sellers should watch the competition closely. Stay aware, stay prepared, and stay positioned — this is no time to be caught in a fog bank.
3 Tips for Today’s Market
- Go local. Work with fulltime pros who know the terrain, trends, and microclimates here and can connect you with the right resources.
- Sellers – Strong presentation and realistic pricing keep you competitive. Be ready adjust your sails for a sale.
- Buyers – Line up financing, inspect carefully, and be ready to act. Watch carefully and when the skies are clear, negotiate for the right property.
*Data based on Selkirk MLS effective date 8/26/2026.
