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Evergreen Reporter

Sunday, September 22, 2024

Falling home prices in South Federal Way (unincorporated) in November 2021

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The median sale price of a home sold in November 2021 in South Federal Way (unincorporated) fell by $23,966 while total sales remained unchanged with two homes sold, according to BlockShopper.com.

In November 2021, there were two homes sold, with a median sale price of $495,000 - a 4.6% decrease over the $518,966 median sale price for the same period of the previous year. There were two homes sold in South Federal Way (unincorporated) in November 2020, as well.

The median sales tax in South Federal Way (unincorporated) for the most recent year with available data, 2016, was $3,729, approximately 0.8% of the median home sale price for November 2021.

The following table compares South Federal Way (unincorporated) to other King County cities with similar median sale prices in November 2021:

CityNov. 2021 Home SalesNov. 2020 Home Sales% change (Total Home Sales)Nov. 2021 Median Sales PriceNov. 2020 Median Sales Price% change (Median Sales Price)
North Bend (unincorporated)711-36.4%$550,000$610,000-9.8%
Seatac209122.2%$525,000$477,00010.1%
Des Moines1723-26.1%$510,000$450,00013.3%
Auburn402748.1%$506,000$470,0007.7%
Snoqualmie (unincorporated)20-$502,750$0-
Baring (unincorporated)40-$501,287.50$0-
Pacific3250%$500,000$365,00037%
South Federal Way (unincorporated)220%$495,000$518,966-4.6%
Enumclaw126100%$482,500$456,9505.6%
Algona52150%$425,000$319,220.5033.1%
Skykomish (unincorporated)10-$325,000$0-

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