Updated
Updated · Coeur d'Alene Press · Jun 13
Kootenai Home Prices Rise to $555,738 as Listings Jump 6%
Updated
Updated · Coeur d'Alene Press · Jun 13

Kootenai Home Prices Rise to $555,738 as Listings Jump 6%

1 articles · Updated · Coeur d'Alene Press · Jun 13

Summary

  • $555,738 was Kootenai County’s median single-family home price in May, up 2.3% from a year earlier, while active residential listings reached 936 by June 3.
  • 958 homes sold through May, a 3.5% annual increase, and average days on market fell 10.4% to 86 as the summer selling season and a strong spring kept buyers active.
  • Luxury demand stood out: more than the usual sub-30 homes above $2 million sold between March and June, including a Black Rock sale topping $17 million.
  • Shoshone County also strengthened, with median prices up 7.3% to $317,000 and sales up 9.7% to 68, though active listings dropped to 92 from 128 a year earlier.
  • Mortgage rates remain a constraint—about 6.55% for a 30-year fixed loan—and local agents said activity tends to accelerate when rates dip below 6%.

Insights

Is North Idaho’s housing boom a sustainable investment or a bubble on the verge of bursting?
Will Idaho's new housing laws solve the affordability crisis or just accelerate luxury development?