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Evergreen Reporter

Sunday, September 22, 2024

How did home prices perform in Medina during November 2020?

Re 3

The median sale price of a home sold in November 2020 in Medina fell by $942,000 while total sales remained unchanged with two homes sold, according to BlockShopper.com.

In November 2020, there were two homes sold, with a median sale price of $3,395,500 - a 21.7% decrease over the $4,337,500 median sale price for the same period of the previous year. There were two homes sold in Medina in November 2019, as well.

The median sales tax in Medina for the most recent year with available data, 2016, was $15,135, approximately 0.4% of the median home sale price for November 2020.

The following table compares Medina to other King County cities with similar median sale prices in November 2020:

CityNov. 2020 Home SalesNov. 2019 Home Sales% change (Total Home Sales)Nov. 2020 Median Sales PriceNov. 2019 Median Sales Price% change (Median Sales Price)
Medina220%$3,395,500$4,337,500-21.7%
Clyde Hill31200%$3,150,000$2,809,00012.1%
Mercer Island131118.2%$1,675,000$2,099,000-20.2%
Newcastle (unincorporated)20-$1,487,500$0-
Fall City (unincorporated)110%$1,450,000$186,079.31679.2%
Bellevue4047-14.9%$1,388,000$1,150,00020.7%
Kirkland1924-20.8%$1,380,800$838,50064.7%
Sammamish (unincorporated)12-50%$1,265,000$550,000130%
Sammamish2734-20.6%$1,158,000$880,00031.6%
Woodinville (unincorporated)49-55.6%$1,147,500$880,00030.4%
Redmond (unincorporated)1925-24%$1,080,000$865,00024.9%

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