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Evergreen Reporter

Friday, November 22, 2024

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

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The median sale price of a home sold in April 2020 in Federal Way rose by $36,500 while total sales decreased by 38.6%, according to BlockShopper.com.

In April 2020, there were 35 homes sold, with a median sale price of $441,500 - a 9% increase over the $405,000 median sale price for the same period of the previous year. There were 57 homes sold in Federal Way in April 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 April 2020.

The following table compares Federal Way 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)
Milton10-$505,000$0-
White Center (unincorporated)68-25%$484,500$387,11525.2%
Kent2139-46.2%$463,000$441,0005%
Des Moines1328-53.6%$448,000$400,50011.9%
Tukwila6520%$444,500$359,95023.5%
Federal Way3557-38.6%$441,500$405,0009%
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%

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