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Evergreen Reporter

Monday, December 23, 2024

Median home prices in Redmond fell to $892,750 in January 2021

Re 12

The median sale price of a home sold in January 2021 in Redmond fell by $197,250 while total sales increased by 220%, according to BlockShopper.com.

In January 2021, there were 16 homes sold, with a median sale price of $892,750 - a 18.1% decrease over the $1,090,000 median sale price for the same period of the previous year. There were five homes sold in Redmond in January 2020.

The median sales tax in Redmond for the most recent year with available data, 2016, was $5,413, approximately 0.6% of the median home sale price for January 2021.

The following table compares Redmond to other King County cities with similar median sale prices in January 2021:

CityJan. 2021 Home SalesJan. 2020 Home Sales% change (Total Home Sales)Jan. 2021 Median Sales PriceJan. 2020 Median Sales Price% change (Median Sales Price)
Fenton (unincorporated)30-$1,154,000$0-
Redmond (unincorporated)163433.3%$1,092,500$1,019,0007.2%
Kirkland (unincorporated)89-11.1%$1,040,000$687,00051.4%
Ravensdale (unincorporated)20-$1,027,500$0-
Issaquah105100%$985,500$699,00041%
Redmond165220%$892,750$1,090,000-18.1%
Issaquah (unincorporated)6450%$874,500$700,00024.9%
Seattle24316547.3%$810,000$752,5007.6%
Snoqualmie60-$800,000$0-
Duvall13-66.7%$800,000$645,00024%
Normandy Park21100%$770,000$845,000-8.9%

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