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Friday, November 15, 2024

What happened to the median home price in North Bend during May 2020?

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The median sale price of a home sold in May 2020 in North Bend rose by $16,250 while total sales decreased by 50%, according to BlockShopper.com.

In May 2020, there were four homes sold, with a median sale price of $724,000 - a 2.3% increase over the $707,750 median sale price for the same period of the previous year. There were eight homes sold in North Bend in May 2019.

The median sales tax in North Bend for the most recent year with available data, 2016, was $4,825, approximately 0.7% of the median home sale price for May 2020.

The following table compares North Bend 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)
Kirkland (unincorporated)27270%$770,000$750,0002.7%
Snoqualmie1017-41.2%$767,500$650,00018.1%
Renton (unincorporated)37-57.1%$760,000$455,00067%
Kenmore1220-40%$737,500$691,0446.7%
Duvall11110%$725,000$700,0003.6%
North Bend48-50%$724,000$707,7502.3%
Bothell (unincorporated)914-35.7%$715,000$650,00010%
Bothell814-42.9%$692,500$632,5009.5%
Bellevue (unincorporated)212-83.3%$691,250$764,000-9.5%
Lake Forest Park811-27.3%$676,997.50$705,000-4%
Vashon (unincorporated)1114-21.4%$630,000$580,0008.6%

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