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East King News

Tuesday, November 26, 2024

The fourth quarter of 2021: Redmond (unincorporated) experienced a 26.5% increase in median home prices

Re 1

The median sale price of a home sold in the fourth quarter of 2021 in Redmond (unincorporated) rose by $272,000 while total sales increased by 34.5%, according to BlockShopper.com.

From October through December of 2021, there were 74 homes sold, with a median sale price of $1,300,000 - a 26.5% increase over the $1,028,000 median sale price for the same period of the previous year. There were 55 homes sold in Redmond (unincorporated) in the fourth quarter of 2020.

The median sales tax in Redmond (unincorporated) for the most recent year with available data, 2016, was $7,301, approximately 0.6% of the median home sale price for the fourth quarter of 2021.

The following table compares Redmond (unincorporated) to other King County cities with similar median sale prices in the fourth quarter of 2021:

CityOct. - Dec. 2021 Home SalesOct. - Dec. 2020 Home Sales% change (Total Home Sales)Oct. - Dec. 2021 Median Sales PriceOct. - Dec. 2020 Median Sales Price% change (Median Sales Price)
Newcastle211631.3%$1,500,000$965,00055.4%
Sammamish1371342.2%$1,469,950$1,100,00033.6%
Redmond64631.6%$1,415,500$910,00055.5%
Issaquah4144-6.8%$1,415,000$939,25050.7%
Fall City (unincorporated)7616.7%$1,350,000$1,123,00020.2%
Redmond (unincorporated)745534.5%$1,300,000$1,028,00026.5%
Bellevue (unincorporated)15150%$1,233,000$882,00039.8%
Issaquah (unincorporated)302236.4%$1,195,180$887,50034.7%
Woodinville (unincorporated)5825132%$1,192,500$966,50023.4%
Snoqualmie25244.2%$1,099,900$825,00033.3%
Kirkland (unincorporated)6371-11.3%$1,094,300$824,00032.8%

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