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Evergreen Reporter

Wednesday, December 4, 2024

Medina home prices fall in March 2020

Re 10

The median sale price of a home sold in March 2020 in Medina fell by $735,000 while total sales increased by 25%, according to BlockShopper.com.

In March 2020, there were five homes sold, with a median sale price of $3,550,000 - a 17.2% decrease over the $4,285,000 median sale price for the same period of the previous year. There were four homes sold in Medina in March 2019.

The median sales tax in Medina for the most recent year with available data, 2016, was $15,135, approximately 0.4% of the median home sale price for March 2020.

The following table compares Medina to other King County cities with similar median sales prices in March 2020:

CityMar. 2020 Home SalesMar. 2019 Home Sales% change (Total Home Sales)Mar. 2020 Median Sales PriceMar. 2019 Median Sales Price% change (Median Sales Price)
Yarrow Point21100%$3,770,000$8,650,000-56.4%
Medina5425%$3,550,000$4,285,000-17.2%
Fall City (unincorporated)110%$3,100,000$629,300392.6%
Clyde Hill34-25%$2,600,000$2,617,091.50-0.7%
Lea Hill (unincorporated)110%$1,800,000$425,000323.5%
Mercer Island18175.9%$1,765,500$1,300,00035.8%
Bellevue4657-19.3%$1,384,500$1,000,00038.5%
Kirkland241833.3%$1,335,250$931,00043.4%
Black Diamond (unincorporated)10-$1,053,000$0-
Sammamish2634-23.5%$969,000$827,50017.1%
Issaquah1214-14.3%$953,750$867,00010%

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