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Saturday, November 16, 2024

Redmond home prices rise in the third quarter of 2019

Realestate1

The median sale price of a home sold in the third quarter of 2019 in Redmond rose by $27,495 while total sales decreased by 21.5%, according to BlockShopper.com.

From July through September of 2019, there were 62 homes sold, with a median sale price of $909,995 - a 3.1% increase over the $882,500 median sale price for the same period of the previous year. There were 79 homes sold in Redmond in the third quarter of 2018.

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 the third quarter of 2019.

The following table compares Redmond to other King County cities with similar median sales prices in the third quarter of 2019:

CityJuly - Sept. 2019 Home SalesJuly - Sept. 2018 Home Sales% change (Total Home Sales)July - Sept. 2019 Median Sales PriceJuly - Sept. 2018 Median Sales Price% change (Median Sales Price)
Issaquah4045-11.1%$1,024,500$844,00021.4%
Woodinville (unincorporated)3139-20.5%$987,900$779,50026.7%
Duvall (unincorporated)1530-50%$985,000$850,00015.9%
Newcastle161414.3%$959,500$865,768.7510.8%
Sammamish1171106.4%$935,000$948,475-1.4%
Redmond6279-21.5%$909,995$882,5003.1%
Redmond (unincorporated)51486.3%$899,999$870,0003.4%
Issaquah (unincorporated)1423-39.1%$870,500$900,000-3.3%
Lake Forest Park2231-29%$862,500$624,00038.2%
Fall City (unincorporated)79-22.2%$840,000$895,000-6.1%
Bellevue (unincorporated)73133.3%$839,000$878,000-4.4%

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