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Monday, November 25, 2024

What happened to the median home price in Federal Way during June 2020?

Realestate2

The median sale price of a home sold in June 2020 in Federal Way rose by $34,084 while total sales decreased by 6.1%, according to BlockShopper.com.

In June 2020, there were 46 homes sold, with a median sale price of $451,084 - a 8.2% increase over the $417,000 median sale price for the same period of the previous year. There were 49 homes sold in Federal Way in June 2019.

The median sales tax in Federal Way for the most recent year with available data, 2016, was $3,694, approximately 0.8% of the median home sale price for June 2020.

The following table compares Federal Way to other King County cities with similar median sale prices in June 2020:

CityJune 2020 Home SalesJune 2019 Home Sales% change (Total Home Sales)June 2020 Median Sales PriceJune 2019 Median Sales Price% change (Median Sales Price)
Seattle (unincorporated)2129-27.6%$515,000$440,00017%
Lea Hill (unincorporated)440%$504,000$662,500-23.9%
White Center (unincorporated)94125%$500,000$478,0004.6%
Kent (unincorporated)332250%$475,000$469,5001.2%
Tukwila660%$451,500$450,0000.3%
Federal Way4649-6.1%$451,083.50$417,0008.2%
Covington281947.4%$450,500$417,0008%
Des Moines271492.9%$449,950$357,50025.9%
Kent2735-22.9%$445,000$399,95011.3%
Auburn3751-27.5%$444,000$391,90013.3%
Auburn (unincorporated)201625%$426,750$507,500-15.9%

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