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Evergreen Reporter

Monday, December 23, 2024

What happened to the median home price in Newcastle (unincorporated) during the fourth quarter of 2020?

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The median sale price of a home sold in the fourth quarter of 2020 in Newcastle (unincorporated) rose by $217,975 while total sales increased by 33.3%, according to BlockShopper.com.

From October through December of 2020, there were four homes sold, with a median sale price of $810,000 - a 36.8% increase over the $592,025 median sale price for the same period of the previous year. There were three homes sold in Newcastle (unincorporated) in the fourth quarter of 2019.

The median sales tax in Newcastle (unincorporated) for the most recent year with available data, 2016, was $5,151, approximately 0.6% of the median home sale price for the fourth quarter of 2020.

The following table compares Newcastle (unincorporated) to other King County cities with similar median sale prices in the fourth quarter of 2020:

CityOct. - Dec. 2020 Home SalesOct. - Dec. 2019 Home Sales% change (Total Home Sales)Oct. - Dec. 2020 Median Sales PriceOct. - Dec. 2019 Median Sales Price% change (Median Sales Price)
Issaquah (unincorporated)222010%$887,500$718,50023.5%
Bellevue (unincorporated)154275%$882,000$724,50021.7%
Normandy Park161060%$852,500$1,000,000-14.8%
Snoqualmie241650%$825,000$635,00029.9%
Kirkland (unincorporated)7128153.6%$824,000$725,00013.7%
Newcastle (unincorporated)4333.3%$810,000$592,02536.8%
Seattle1,15982041.3%$800,000$763,7504.7%
Duvall155200%$780,000$700,00011.4%
Bothell1725-32%$779,500$682,00014.3%
Bothell (unincorporated)211723.5%$770,000$695,00010.8%
Kenmore33330%$770,000$639,00020.5%

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