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Evergreen Reporter

Wednesday, December 4, 2024

Des Moines home prices rise in the first quarter of 2020

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The median sale price of a home sold in the first quarter of 2020 in Des Moines rose by $62,500 while total sales decreased by 10.5%, according to BlockShopper.com.

From January through March of 2020, there were 34 homes sold, with a median sale price of $451,000 - a 16.1% increase over the $388,500 median sale price for the same period of the previous year. There were 38 homes sold in Des Moines in the first quarter of 2019.

The median sales tax in Des Moines for the most recent year with available data, 2016, was $3,602, approximately 0.8% of the median home sale price for the first quarter of 2020.

The following table compares Des Moines to other King County cities with similar median sales prices in the first quarter of 2020:

CityJan. - Mar. 2020 Home SalesJan. - Mar. 2019 Home Sales% change (Total Home Sales)Jan. - Mar. 2020 Median Sales PriceJan. - Mar. 2019 Median Sales Price% change (Median Sales Price)
Maple Valley52504%$497,000$449,97510.5%
Renton (unincorporated)15966.7%$490,000$439,00011.6%
Seatac20195.3%$477,500$390,00022.4%
Renton5576-27.6%$475,000$480,000-1%
Seattle (unincorporated)352920.7%$459,000$418,0009.8%
Des Moines3438-10.5%$451,000$388,50016.1%
Kent (unincorporated)534810.4%$450,000$416,3558.1%
Milton110%$450,000$380,70018.2%
Kent5579-30.4%$449,500$395,00013.8%
Tukwila1014-28.6%$441,250$387,50013.9%
Burien292611.5%$440,000$444,975-1.1%

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