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Seattle City Wire

Wednesday, November 13, 2024

How did home prices perform in Seattle during the first half of 2021?

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The median sale price of a home sold in the first half of 2021 in Seattle rose by $85,000 while total sales increased by 57%, according to BlockShopper.com.

From January through June of 2021, there were 2,623 homes sold, with a median sale price of $885,000 - a 10.6% increase over the $800,000 median sale price for the same period of the previous year. There were 1,671 homes sold in Seattle in the first half of 2020.

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 the first half of 2021.

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

CityJan. - June 2021 Home SalesJan. - June 2020 Home Sales% change (Total Home Sales)Jan. - June 2021 Median Sales PriceJan. - June 2020 Median Sales Price% change (Median Sales Price)
Bothell543842.1%$939,500$776,50021%
Woodinville43422.4%$925,000$787,00017.5%
Normandy Park282416.7%$917,500$792,00015.8%
Fall City (unincorporated)209122.2%$912,500$1,099,900-17%
Snoqualmie715431.5%$895,000$737,50021.4%
Seattle2,6231,67157%$885,000$800,00010.6%
Kenmore685817.2%$871,250$732,00019%
Lake Forest Park663778.4%$865,000$750,00015.3%
Bothell (unincorporated)454012.5%$850,000$699,499.5021.5%
Duvall504122%$850,000$648,00031.2%
Newcastle (unincorporated)52150%$840,000$565,00048.7%

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