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Friday, November 22, 2024

April 2020: Seattle experienced a 9.7% increase in median home prices

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The median sale price of a home sold in April 2020 in Seattle rose by $75,000 while total sales decreased by 44.5%, according to BlockShopper.com.

In April 2020, there were 258 homes sold, with a median sale price of $850,000 - a 9.7% increase over the $775,000 median sale price for the same period of the previous year. There were 465 homes sold in Seattle in April 2019.

The median sales tax in Seattle for the most recent year with available data, 2016, was $4,956, approximately 0.6% of the median home sale price for April 2020.

The following table compares Seattle 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)
Woodinville (unincorporated)614-57.1%$917,750$722,50027%
Lake Forest Park8714.3%$891,250$638,00039.7%
Redmond (unincorporated)1221-42.9%$880,000$975,000-9.7%
Issaquah (unincorporated)912-25%$850,000$780,196.508.9%
Bellevue (unincorporated)34-25%$850,000$737,00015.3%
Seattle258465-44.5%$850,000$775,0009.7%
Bothell136116.7%$840,000$836,5000.4%
Black Diamond (unincorporated)10-$825,000$0-
Normandy Park71600%$805,000$850,000-5.3%
Issaquah1220-40%$799,500$941,250-15.1%
Woodinville511-54.5%$795,000$757,9504.9%

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