Kootenai County housing market remains strong
BILL BULEY | Hagadone News Network | UPDATED 5 months, 3 weeks AGO
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. | October 8, 2025 1:07 AM
Kootenai County's housing market is continuing to remain strong.
According to the Coeur d'Alene Regional Realtors, the median price of a single-family home in Kootenai County was $547,250 in September, up 3% from a year ago. The number of homes sold through September totaled 1,892, a 4% increase from the same time last year. The number of active listings, as of Oct. 3, was 1,123, down 5.6% compared to one month ago, but nearly the same as a year ago.
Jared McFarland, a real estate agent with Century 21 Beutler and Associates, said he's not surprised the market is holding steady.
"We have a pent-up supply of buyers that have been waiting for the interest rates to go down. As time goes by, the buyers realize that they can't wait forever, and they decide to make a move," he said. "We are starting to see those buyers purchasing homes."
McFarland said he is seeing fewer listings come on the market because of the fall season.
"My listings are still getting good activity and there seems to be decent buyer activity out in the market," he said.
He expects to see some price reductions and houses coming off the market as the holiday season approaches.
"We will start to see inventory pick up again after the New Year," McFarland said.
In Shoshone County, the median single-family home price was $295,000 in September, a 4.2% increase from one year ago. The number of homes sold through September was 135, up 9% from last year, while current active residential listings was 110, a slight increase over the same time last year.
Karen Hulstrom, owner of Silver Legacy Realty, said the housing market there is also solid.
"I'm busy. It's been one of these years where I'll have a spike of activity and then it's flat, then another spike of activity and then flat. But the numbers are holding up," she said.
Hulstrom said September and October are generally good months for home sales.
"The last couple of years were out of whack because of COVID, but we're getting back to pre-COVID levels," she said.
According to bankrate.com, the current average 30-year fixed mortgage interest rate is 6.44%; today's current average 30-year fixed refinance interest rate is 6.72%, while today's average 15-year refinance interest rate is 6.16%.
New research recently named the states where the homeownership rates have changed the most in the last decade.
The study, conducted by the real estate site New Jersey Real Estate Network, analyzed U.S. Census data from 2014 to 2024 on the percentage of homeowners in each state, to identify where experienced the highest rise and decline in rates.
According to the findings, the percentage of homeowners increased the most in New Mexico over the past 10 years, rising by 11.42%. Homeownership in the state was highest in 2020 at 73.8%, compared to 71.2% in 2024 and 63.9% in 2014.
Idaho ranked ninth with a 5.72% increase in home ownership from 2014 to 2024.
At the other end of the scale, homeownership dropped most significantly in South Carolina from 2014 to 2024, decreasing by 7.56%, while North Carolina home ownership decreased 5.79% in that time period.
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Shoshone News-Press local editor Josh McDonald contributed to this report.
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