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Sunday, September 22, 2024

January 2021: Newcastle experienced a 44.2% increase in median home prices

Re 12

The median sale price of a home sold in January 2021 in Newcastle rose by $440,010 while total sales increased by 200%, according to BlockShopper.com.

In January 2021, there were nine homes sold, with a median sale price of $1,435,000 - a 44.2% increase over the $994,990 median sale price for the same period of the previous year. There were three homes sold in Newcastle in January 2020.

The median sales tax in Newcastle for the most recent year with available data, 2016, was $7,041, approximately 0.5% of the median home sale price for January 2021.

The following table compares Newcastle 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)
Medina40-$4,040,000$0-
Beaux Arts Village10-$2,375,000$0-
Mercer Island10666.7%$1,605,000$1,065,00050.7%
Newcastle93200%$1,435,000$994,99044.2%
Bellevue (unincorporated)30-$1,400,000$0-
Woodinville (unincorporated)56-16.7%$1,345,000$826,00062.8%
Duvall (unincorporated)30-$1,250,000$0-
Kirkland225340%$1,237,500$1,220,0001.4%
Bellevue4113215.4%$1,200,000$1,200,0000%
Sammamish201811.1%$1,174,500$782,50050.1%
Fenton (unincorporated)30-$1,154,000$0-

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