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Evergreen Reporter

Monday, November 25, 2024

Median home prices in Redmond (unincorporated) fell to $897,500 in the second quarter of 2020

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The median sale price of a home sold in the second quarter of 2020 in Redmond (unincorporated) fell by $77,500 while total sales decreased by 17.3%, according to BlockShopper.com.

From April through June of 2020, there were 62 homes sold, with a median sale price of $897,500 - a 7.9% decrease over the $975,000 median sale price for the same period of the previous year. There were 75 homes sold in Redmond (unincorporated) in the second quarter of 2019.

The median sales tax in Redmond (unincorporated) for the most recent year with available data, 2016, was $7,301, approximately 0.8% of the median home sale price for the second quarter of 2020.

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

CityApr. - June 2020 Home SalesApr. - June 2019 Home Sales% change (Total Home Sales)Apr. - June 2020 Median Sales PriceApr. - June 2019 Median Sales Price% change (Median Sales Price)
Newcastle2540-37.5%$1,000,000$870,00014.9%
Woodinville (unincorporated)2843-34.9%$974,250$785,00024.1%
Sammamish159206-22.8%$960,000$935,0002.7%
Issaquah4068-41.2%$935,000$875,0006.9%
Redmond6469-7.2%$920,000$886,0003.8%
Redmond (unincorporated)6275-17.3%$897,500$975,000-7.9%
Seattle1,0701,378-22.4%$820,000$775,0005.8%
Normandy Park19190%$805,000$750,0007.3%
Issaquah (unincorporated)3435-2.9%$805,000$770,0004.5%
Woodinville2239-43.6%$795,000$715,00011.2%
Kenmore3247-31.9%$782,500$700,00011.8%

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