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Kootenai County Home Prices Remain Strong

Coeur d’Alene- - (October 19, 2021) The Median sales price in Kootenai county continued its steady climb last month up to $475,000 with an increase of 37.3% compared to $346,000 in September of 2020 according to the Coeur d’Alene Multiple Listing Service. A total of 544 homes were on the market last month – a big jump of 24.2% compared to 438 homes available in September of 2020. That increase shows inventory shortages beginning to ease and offers hope for a balanced real estate market.

“We are still seeing home sales move quickly and market conditions haven’t normalized yet, but September’s housing activity is closer to a typical fall experience,” said Kristen Johnson, Coeur d’Alene Association of REALTORS® President. “The Coeur d’ Alene area still has a strong demand from buyers, but they are being a little more cautious when they pick their home. Homebuyers and sellers should work with a REALTOR® who can help them navigate what is still a very complex process.”

Nationally the September national median listing price for active listings was $380,000, up 8.6% compared to last year and up 20.6% compared to 2019. In large metros, median listing prices grew by 4.1% compared to last year, on average, according to Realtor.com

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