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Sunday, November 24, 2024

What happened to the median home price in Kent during the first half of 2020?

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The median sale price of a home sold in the first half of 2020 in Kent rose by $37,500 while total sales decreased by 39.2%, according to BlockShopper.com.

From January through June of 2020, there were 132 homes sold, with a median sale price of $452,500 - a 9% increase over the $415,000 median sale price for the same period of the previous year. There were 217 homes sold in Kent in the first half of 2019.

The median sales tax in Kent for the most recent year with available data, 2016, was $3,686, approximately 0.8% of the median home sale price for the first half of 2020.

The following table compares Kent to other King County cities with similar median sale prices in the first half of 2020:

CityJan. - June 2020 Home SalesJan. - June 2019 Home Sales% change (Total Home Sales)Jan. - June 2020 Median Sales PriceJan. - June 2019 Median Sales Price% change (Median Sales Price)
Black Diamond1522-31.8%$505,000$410,00023.2%
Burien77108-28.7%$500,000$485,0003.1%
White Center (unincorporated)443622.2%$498,749.50$425,00017.4%
Seattle (unincorporated)9699-3%$470,755$440,0007%
Kent (unincorporated)14212810.9%$462,749.50$432,5007%
Kent132217-39.2%$452,500$415,0009%
Milton34-25%$450,000$464,500-3.1%
Des Moines84113-25.7%$447,000$395,00013.2%
Tukwila2835-20%$443,750$390,00013.8%
Covington78118-33.9%$441,250$410,0007.6%
Federal Way214273-21.6%$432,750$400,0008.2%

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