Metropolitan Statistical Area (MSA):
Sandpoint, ID is a Metropolitan Statistical Area (MSA) comprising counties including Bonner County.
There is no doubt that the Sandpoint, ID metropolitan statistical area (MSA) is a hot housing market. The combination of low interest rates and an influx of people moving to the area has resulted in strong demand for both new and existing homes. This has led to rising prices and a tight housing market.
The median home price in the MSA is currently $325,000, which is up significantly from just a few years ago. The number of homes available for sale is also down, resulting in more buyers competing for fewer properties. This has caused bidding wars to become more common, and homes are often selling above asking price.
The trend looks likely to continue in the near future as the economy continues to strengthen and more people relocate to the MSA in search of affordable housing options. This could eventually lead to even higher prices and even less inventory, so buyers need to be prepared to act quickly if they find a home they like.