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Thursday, November 14, 2024

Covington home prices rise in 2019

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The median sale price of a home sold in 2019 in Covington rose by $49,497 while total sales increased by 3.2%, according to BlockShopper.com.

From January through December of 2019, there were 192 homes sold, with a median sale price of $413,250 - a 13.6% increase over the $363,754 median sale price for the previous year. There were 186 homes sold in Covington in 2018.

The median sales tax in Covington for the most recent year with available data, 2016, was $3,599, approximately 0.9% of the median home sale price for 2019.

The following table compares Covington to other King County cities with similar median sales prices in 2019:

CityJan. - Dec. 2019 Home SalesJan. - Dec. 2018 Home Sales% change (Total Home Sales)Jan. - Dec. 2019 Median Sales PriceJan. - Dec. 2018 Median Sales Price% change (Median Sales Price)
Milton880%$437,500$337,50029.6%
Seattle (unincorporated)20618511.4%$430,250$409,0005.2%
Kent3833635.5%$420,000$400,0005%
Black Diamond4246-8.7%$420,000$386,0008.8%
White Center (unincorporated)6986-19.8%$415,000$410,9001%
Covington1921863.2%$413,250$363,753.5013.6%
Tukwila6477-16.9%$409,500$369,00011%
Federal Way5104796.5%$405,000$375,0008%
Seatac100110-9.1%$403,500$382,0005.6%
Des Moines20215827.8%$400,000$407,500-1.8%
Auburn357381-6.3%$390,000$372,5004.7%

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