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Thursday, November 21, 2024

What happened to the median home price in Kent (unincorporated) during July 2020?

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The median sale price of a home sold in July 2020 in Kent (unincorporated) rose by $42,500 while total sales increased by 85%, according to BlockShopper.com.

In July 2020, there were 37 homes sold, with a median sale price of $540,000 - a 8.5% increase over the $497,500 median sale price for the same period of the previous year. There were 20 homes sold in Kent (unincorporated) in July 2019.

The median sales tax in Kent (unincorporated) for the most recent year with available data, 2016, was $3,966, approximately 0.7% of the median home sale price for July 2020.

The following table compares Kent (unincorporated) to other King County cities with similar median sale prices in July 2020:

CityJuly 2020 Home SalesJuly 2019 Home Sales% change (Total Home Sales)July 2020 Median Sales PriceJuly 2019 Median Sales Price% change (Median Sales Price)
Shoreline433619.4%$675,000$647,5004.2%
North Bend73133.3%$635,000$615,0003.3%
North Bend (unincorporated)161060%$596,000$436,00036.7%
Fall City (unincorporated)41300%$595,000$789,000-24.6%
Duvall10825%$581,550$647,000-10.1%
Kent (unincorporated)372085%$540,000$497,5008.5%
East Renton Highlands (unincorporated)503161.3%$526,500$530,000-0.7%
Maple Valley4522104.5%$525,100$512,0002.6%
Renton (unincorporated)660%$515,000$575,000-10.4%
Des Moines251392.3%$511,000$375,00036.3%
Renton4220110%$509,500$437,00016.6%

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