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Evergreen Reporter

Friday, November 15, 2024

Rising home prices in Kent in May 2020

Realestate5

The median sale price of a home sold in May 2020 in Kent rose by $47,500 while total sales decreased by 54.7%, according to BlockShopper.com.

In May 2020, there were 29 homes sold, with a median sale price of $475,000 - a 11.1% increase over the $427,500 median sale price for the same period of the previous year. There were 64 homes sold in Kent in May 2019.

The median sales tax in Kent for the most recent year with available data, 2016, was $3,686, approximately 0.8% of the median home sale price for May 2020.

The following table compares Kent 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)
Enumclaw (unincorporated)1013-23.1%$522,500$505,0003.5%
Renton3659-39%$512,500$500,0002.5%
Maple Valley3849-22.4%$507,500$458,00010.8%
Seattle (unincorporated)23224.5%$490,000$461,0006.3%
Burien1438-63.2%$487,750$502,500-2.9%
Kent2964-54.7%$475,000$427,50011.1%
Kent (unincorporated)34319.7%$462,500$450,0002.8%
Covington1135-68.6%$462,000$426,9508.2%
Tukwila610-40%$452,500$346,838.5030.5%
Federal Way6074-18.9%$442,000$412,0007.3%
Seatac1417-17.6%$441,327.50$404,5009.1%

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