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Wednesday, November 13, 2024

Kent 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 Kent rose by $32,475 while total sales decreased by 8.8%, according to BlockShopper.com.

From July through December of 2019, there were 166 homes sold, with a median sale price of $430,000 - a 8.2% increase over the $397,525 median sale price for the same period of the previous year. There were 182 homes sold in Kent in the second half of 2018.

The median sales tax in Kent for the most recent year with available data, 2016, was $3,686, approximately 0.9% of the median home sale price for the second half of 2019.

The following table compares Kent 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)
Maple Valley121158-23.4%$485,000$451,5007.4%
Renton159187-15%$485,000$485,0000%
Kent (unincorporated)13011315%$455,497.50$427,8506.5%
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%

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