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Friday, November 8, 2024

April 2020: Home prices in Redmond increased

Realestate3

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Adobe Stock

The median sale price of a home sold in April 2020 in Redmond rose by $53,500 while total sales decreased by 21.7%, according to BlockShopper.com.

In April 2020, there were 18 homes sold, with a median sale price of $938,500 - a 6% increase over the $885,000 median sale price for the same period of the previous year. There were 23 homes sold in Redmond in April 2019.

The median sales tax in Redmond for the most recent year with available data, 2016, was $5,413, approximately 0.6% of the median home sale price for April 2020.

The following table compares Redmond 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)
Bellevue3077-61%$1,027,500$1,200,000-14.4%
Newcastle78-12.5%$1,000,000$716,25039.6%
Sammamish4467-34.3%$991,500$945,0004.9%
Snoqualmie819-57.9%$972,500$729,00033.4%
Fall City (unincorporated)37-57.1%$950,000$680,00039.7%
Redmond1823-21.7%$938,500$885,0006%
Lea Hill (unincorporated)27-71.4%$926,389$550,00068.4%
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%

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