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Thursday, November 14, 2024

Milton home prices rise in the second half of 2019

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The median sale price of a home sold in the second half of 2019 in Milton rose by $82,500 while total sales decreased by 33.3%, according to BlockShopper.com.

From July through December of 2019, there were four homes sold, with a median sale price of $420,000 - a 24.4% increase over the $337,500 median sale price for the same period of the previous year. There were six homes sold in Milton in the second half of 2018.

The median sales tax in Milton for the most recent year with available data, 2016, was $3,006, approximately 0.7% of the median home sale price for the second half of 2019.

The following table compares Milton to other King County cities with similar median sales prices in the second half of 2019:

CityJuly - Dec. 2019 Home SalesJuly - Dec. 2018 Home Sales% change (Total Home Sales)July - Dec. 2019 Median Sales PriceJuly - Dec. 2018 Median Sales Price% change (Median Sales Price)
Carnation9812.5%$450,000$552,250-18.5%
Black Diamond2025-20%$437,497.50$350,00025%
Kent166182-8.8%$430,000$397,5258.2%
Tukwila2945-35.6%$430,000$395,0008.9%
Seattle (unincorporated)1079611.5%$430,000$406,0005.9%
Milton46-33.3%$420,000$337,50024.4%
Covington74108-31.5%$415,500$362,50014.6%
Federal Way237295-19.7%$410,500$379,0008.3%
Des Moines8991-2.2%$410,000$420,000-2.4%
Seatac4859-18.6%$403,000$392,0002.8%
White Center (unincorporated)3347-29.8%$400,000$406,800-1.7%

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