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Evergreen Reporter

Friday, November 15, 2024

Rising home prices in South Federal Way (unincorporated) in May 2020

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The median sale price of a home sold in May 2020 in South Federal Way (unincorporated) rose by $51,000 while total sales increased by 250%, according to BlockShopper.com.

In May 2020, there were seven homes sold, with a median sale price of $360,000 - a 16.5% increase over the $309,000 median sale price for the same period of the previous year. There were two homes sold in South Federal Way (unincorporated) in May 2019.

The median sales tax in South Federal Way (unincorporated) for the most recent year with available data, 2016, was $3,729, approximately 1% of the median home sale price for May 2020.

The following table compares South Federal Way (unincorporated) to other King County cities with similar median sale prices in May 2020:

CityMay 2020 Home SalesMay 2019 Home Sales% change (Total Home Sales)May 2020 Median Sales PriceMay 2019 Median Sales Price% change (Median Sales Price)
Federal Way6074-18.9%$442,000$412,0007.3%
Seatac1417-17.6%$441,327.50$404,5009.1%
Auburn (unincorporated)12119.1%$432,750$410,9505.3%
Auburn3144-29.5%$425,000$425,0000%
Des Moines1033-69.7%$422,000$430,000-1.9%
Enumclaw121020%$397,500$363,4009.4%
South Federal Way (unincorporated)72250%$360,000$309,00016.5%
Snoqualmie (unincorporated)110%$350,000$698,997-49.9%
Pacific36-50%$298,500$377,500-20.9%
Algona25-60%$260,000$375,000-30.7%
Baring (unincorporated)10-$221,000$0-

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