Kootenai County home sales up
BILL BULEY | Hagadone News Network | UPDATED 1 year, 1 month AGO
A for sale sign stands in front of a Coeur d'Alene home on Thursday.
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. | November 8, 2024 1:00 AM
Home prices in Kootenai County held steady in October but declined in Shoshone County, according to the latest report from the Coeur d'Alene Regional Realtors.
The median price of a single-family home in Kootenai County was $526,292 last month, up slightly from a year ago.
The number of homes sold through October, 2,046, was up 10% compared to the same timeframe one year ago.
The CRR reported there were 1,015 active residential listings in Kootenai County as of Nov. 5, a 7% increase from one year ago.
Homes were taking longer to sell, with the average number of days on the market at 94, compared to 87 for the same time last year.
In Shoshone County, the median single-family home price was $284,000, down 6.9% from one year ago when the median home price was $305,000.
The number of homes sold in Shoshone County, 139 through October, was almost identical to the same time last year at 138.
Current active residential listings as of Nov. 5 in Shoshone County totaled 93, up from 86 a year ago.
And just like Kootenai County, homes took longer to sell, with an average of 89 days on the market, up from 83 the previous year.
According to one study, home ownership has climbed in Idaho over the past 10 years, despite rising prices.
Idaho saw the ninth-highest increase in homeownership, 5.72% from 2014 to 2024, said a study of U.S. Census data conducted by the New Jersey Real Estate Network.
The study found that in 2022, Idaho's homeownership rate was at its highest over the last decade at 73.3%. The homeownership rate in Idaho now stands at 72.1%, compared to 68.2% in 2014.
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