Market Intelligence for Sandpoint, Idaho

REAL Market Update - Brought to you by Jackie Suarez, Associate Broker

*Data based on Selkirk MLS effective date 5/27/2026. 

What is the current real estate market climate in North Idaho?

 The spring winds ushered in an active sales season in Bonner and Boundary Counties, and several market segments are showing signs of warming. Yeartodate home sales are up 12% compared to 2025, and the 2026 median sales price of $579,500 reflects a 5% increase over the same period last year. True to seasonal form, activity is heating up: sales volume over the past 30 days rose 5% compared to the previous month.

Mortgage interest rates are holding steady, and homes are closing at an average of 99 days on market. Cash buyers accounted for 26% of recent sales, and VA loan activity continues to rise. Veterans, congratulations on your new homes and thank you for your service!

The land market has thawed but remains sluggish. Only 65 parcels have sold so far this year — just over half of 2025’s pace — with a median price of $227,500. Cash financed 59% of these dirt deals and buyers expect a bargain.

FROM A SATELLITE PERSPECTIVE

Our median sales price for homes and vacant land has held steady — almost to the dollar over the past two years. Buyers have more homes to choose from and are testing sellers’ flexibility. It’s a buyer’s market. Savvy sellers are adjusting their sails for a sale this season.

Ready to find your waterfront home?

The Pend Oreille market has broken open like river ice in April. Seven homes have sold so far this year at an average price of $2,900,000. Approximately 50 waterfront offerings are currently available ranging from condos to legacy estates. Call me for details!

Thinking about buying or selling?
With longer days, more listings come to market, and buyers ready to take advantage of well priced opportunities. If you’ve been waiting for the right conditions, the forecast suggests this could be your moment.

3 Tips for Today’s Market

1.  Go local. Work with fulltime pros who know the terrain, trends, and microclimates — the ones who can read the market like seasoned weather watchers.
2. Sellers – Mind the forecast. Strong presentation and realistic pricing keep you competitive. Too much blue sky invites a correction and longer days on market.
3. Buyers – Stay steady. Line up financing, inspect carefully, and be ready to engage with motivated sellers. Clear skies favor the prepared.

Our market is constantly changing.  

What is important to me remains the same - God, Family and Relationships. 

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