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Evergreen Reporter

Friday, November 8, 2024

How did home prices perform in Seattle during July 2020?

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The median sale price of a home sold in July 2020 in Seattle rose by $43,750 while total sales increased by 99.6%, according to BlockShopper.com.

In July 2020, there were 483 homes sold, with a median sale price of $825,000 - a 5.6% increase over the $781,250 median sale price for the same period of the previous year. There were 242 homes sold in Seattle in July 2019.

The median sales tax in Seattle for the most recent year with available data, 2016, was $4,956, approximately 0.6% of the median home sale price for July 2020.

The following table compares Seattle 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)
Redmond281947.4%$1,043,850$870,00020%
Newcastle78-12.5%$1,025,000$1,170,000-12.4%
Redmond (unincorporated)272222.7%$1,011,000$912,999.5010.7%
Snoqualmie (unincorporated)40-$951,025$0-
Issaquah (unincorporated)156150%$895,000$942,500-5%
Seattle48324299.6%$825,000$781,2505.6%
Kirkland (unincorporated)4018122.2%$805,450$704,00014.4%
Vashon (unincorporated)11922.2%$795,000$539,00047.5%
Lea Hill (unincorporated)440%$787,725$688,50014.4%
Normandy Park4333.3%$787,500$750,0005%
Woodinville12771.4%$787,475$726,0008.5%

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