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Seattle City Wire

Saturday, November 23, 2024

Rising home prices in Seattle in the second quarter of 2021

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The median sale price of a home sold in the second quarter of 2021 in Seattle rose by $100,000 while total sales increased by 57.4%, according to BlockShopper.com.

From April through June of 2021, there were 1,684 homes sold, with a median sale price of $920,000 - a 12.2% increase over the $820,000 median sale price for the same period of the previous year. There were 1,070 homes sold in Seattle in the second quarter of 2020.

The median sales tax in Seattle for the most recent year with available data, 2016, was $4,956, approximately 0.5% of the median home sale price for the second quarter of 2021.

The following table compares Seattle to other King County cities with similar median sale prices in the second quarter of 2021:

CityApr. - June 2021 Home SalesApr. - June 2020 Home Sales% change (Total Home Sales)Apr. - June 2021 Median Sales PriceApr. - June 2020 Median Sales Price% change (Median Sales Price)
Snoqualmie503735.1%$955,000$740,00029.1%
Woodinville272222.7%$950,000$795,00019.5%
Issaquah (unincorporated)3134-8.8%$950,000$805,00018%
Bothell (unincorporated)2829-3.4%$931,250$711,00031%
Normandy Park19190%$925,000$805,00014.9%
Seattle1,6841,07057.4%$920,000$820,00012.2%
Lake Forest Park4824100%$912,500$726,00025.7%
Kenmore473246.9%$862,500$782,50010.2%
Fall City (unincorporated)147100%$861,000$1,099,900-21.7%
Ravensdale (unincorporated)132550%$857,250$404,000112.2%
Duvall423327.3%$837,750$685,00022.3%

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