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Friday, November 15, 2024

October 2020: Des Moines experienced a 3.6% drop in median home prices

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The median sale price of a home sold in October 2020 in Des Moines fell by $16,250 while total sales increased by 38.5%, according to BlockShopper.com.

In October 2020, there were 18 homes sold, with a median sale price of $433,750 - a 3.6% decrease over the $450,000 median sale price for the same period of the previous year. There were 13 homes sold in Des Moines in October 2019.

The median sales tax in Des Moines for the most recent year with available data, 2016, was $3,602, approximately 0.8% of the median home sale price for October 2020.

The following table compares Des Moines to other King County cities with similar median sale prices in October 2020:

CityOct. 2020 Home SalesOct. 2019 Home Sales% change (Total Home Sales)Oct. 2020 Median Sales PriceOct. 2019 Median Sales Price% change (Median Sales Price)
Auburn (unincorporated)171154.5%$480,000$422,90013.5%
Pacific330%$466,500$345,00035.2%
Snoqualmie (unincorporated)220%$455,000$1,027,625-55.7%
Auburn373215.6%$453,000$391,50015.7%
Federal Way514513.3%$440,000$407,0008.1%
Des Moines181338.5%$433,750$450,000-3.6%
Enumclaw2311109.1%$431,000$365,00018.1%
South Federal Way (unincorporated)56-16.7%$431,000$393,2259.6%
Seatac12119.1%$419,750$370,00013.4%
Black Diamond57-28.6%$375,000$450,000-16.7%
Algona110%$344,300$349,950-1.6%

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