COEUR d’ALENE — Kootenai County’s home prices are holding steady.

The Coeur d’Alene Regional Realtors reported that the median price of a single-family home was $525,000 in October, the same as September, but down 4.5% from a year ago.

That makes it tough for locals to enter the market. To buy a $525,000 home, based on a 7% interest rate, a family would have to earn about $130,000 a year, but Kootenai County’s median household income is $93,900.

The number of single-family homes sold through October in Kootenai County totaled 1,856, a decline of 18% from the same month last year.

Active residential listings as of Nov. 3 totaled 949, down 11.5% from last month, but up slightly from 930 one year ago.

Homes are taking longer to sell, with an average of 87 days on the market, nearly 25% more than October 2022, when the average days on market was 70.

Interest rates on a 30-year fixed-rate mortgage declined to 7.4% on Wednesday, and just under 7% on a 15-year mortgage, which real estate agents say could encourage more buyers to get in the market.