Study: Idaho tops in rising home values
BILL BULEY | Hagadone News Network | UPDATED 2 years, 5 months AGO
A Coeur d'Alene home is for sale on Monday.
BILL BULEY/Press
Bill Buley covers the city of Coeur d'Alene for the Coeur d’Alene Press. He has worked here since January 2020, after spending seven years on Kauai as editor-in-chief of The Garden Island newspaper. He enjoys running. | July 18, 2023 1:00 AM
COEUR d'ALENE — A recent new study found Idaho home prices increased the most in the nation between 2016 and 2023.
TexasRealEstateSource.com compared ZIP code home price data between 2016 and 2023 to find the states where homes have experienced the largest percentage increase in value.
In first place was Idaho, where the average house prices jumped by 124% from $165,100 in 2016 up to $369,300 in 2023.
The Idaho ZIP code with the greatest increase in home value is 83650, just south of Boise. Average house prices there have jumped by 461% from 2016 to 2023.
The median price of a single-family home in Kootenai County remained at $517,500 in June, according to the June market report of the Coeur d'Alene Regional Realtors.
That's down 7.6% from June 2022, but the same as it was in May.
The median price of a single-family home in Shoshone County in June was $305,000, up 3.4% from June 2022.
Kootenai County single-family homes sold through June totaled 1,043, down 24% from the same time frame last year.
There were 85 homes sold year to date in Shoshone County through June, that's down 10.1% from June 2022.
Active residential listings in Kootenai County as of July 6 were 1,016, up slightly compared to 1,006 one year ago, and 957 in May.
Shoshone County had 85 active residential listings as of July 6, up from the 75 listings in the county at the beginning of June.
Recent new listings in Kootenai County include a 4,224-square-foot home for $775,000; a 2,184-square-foot Hayden home for $865,000; and a 2,749-square-foot home in Coeur d'Alene for $989,000.
The number of days between when a Kootenai County home was listed for sale and closed in the Multiple Listing Service was 89, up 37% from June 2022.
Homes in Shoshone County spent 85 days on the market, up 25% from June 2022.
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Nancy Edinger decorates Coeur d'Alene home, keeps husband Ron's spirit alive
Nonprofit foundation helps family become homeowners for first time
Nonprofit foundation helps family become homeowners for first time
The Young Family’s Foundation launched about a year ago with a mission "to empower young, hardworking families to achieve the dream of home ownership. Even if a family saved $25,000, they would still be $19,000 short of the down payment needed to buy a $550,000 home, which is the median price in Kootenai County. It’s estimated that only about 20% of area households can afford to buy a home.