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Friday, November 8, 2024

Falling home prices in Seattle (unincorporated) in April 2020

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The median sale price of a home sold in April 2020 in Seattle (unincorporated) fell by $48,900 while total sales decreased by 10.5%, according to BlockShopper.com.

In April 2020, there were 17 homes sold, with a median sale price of $410,000 - a 10.7% decrease over the $458,900 median sale price for the same period of the previous year. There were 19 homes sold in Seattle (unincorporated) in April 2019.

The median sales tax in Seattle (unincorporated) for the most recent year with available data, 2016, was $3,247, approximately 0.8% of the median home sale price for April 2020.

The following table compares Seattle (unincorporated) to other King County cities with similar median sale prices in April 2020:

CityApr. 2020 Home SalesApr. 2019 Home Sales% change (Total Home Sales)Apr. 2020 Median Sales PriceApr. 2019 Median Sales Price% change (Median Sales Price)
Kent (unincorporated)2227-18.5%$441,375$452,500-2.5%
Enumclaw (unincorporated)58-37.5%$440,000$638,250-31.1%
South Federal Way (unincorporated)52150%$430,000$387,00011.1%
Covington1222-45.5%$425,000$436,725-2.7%
Auburn (unincorporated)12120%$418,000$384,0008.9%
Seattle (unincorporated)1719-10.5%$410,000$458,900-10.7%
Enumclaw8714.3%$403,450$363,00011.1%
Algona40-$397,500$0-
Seatac89-11.1%$384,250$360,0006.7%
Auburn2442-42.9%$375,000$378,500-0.9%
Pacific31200%$321,300$314,0002.3%

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