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Friday, November 15, 2024

The second quarter of 2021: Newcastle experienced a 25.5% increase in median home prices

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The median sale price of a home sold in the second quarter of 2021 in Newcastle rose by $255,000 while total sales increased by 36%, according to BlockShopper.com.

From April through June of 2021, there were 34 homes sold, with a median sale price of $1,255,000 - a 25.5% increase over the $1,000,000 median sale price for the same period of the previous year. There were 25 homes sold in Newcastle in the second quarter of 2020.

The median sales tax in Newcastle for the most recent year with available data, 2016, was $7,041, approximately 0.6% of the median home sale price for the second quarter of 2021.

The following table compares Newcastle 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)
Kirkland1447982.3%$1,450,000$1,136,50027.6%
Sammamish23115945.3%$1,400,000$960,00045.8%
Redmond1086468.8%$1,355,000$920,00047.3%
Redmond (unincorporated)996259.7%$1,275,000$897,50042.1%
Black Diamond (unincorporated)42100%$1,260,000$1,096,232.5014.9%
Newcastle342536%$1,255,000$1,000,00025.5%
Issaquah704075%$1,169,000$935,00025%
Woodinville (unincorporated)5628100%$1,105,250$974,25013.4%
Snoqualmie (unincorporated)73133.3%$1,100,000$610,00080.3%
Bellevue (unincorporated)11757.1%$1,051,000$770,00036.5%
Kirkland (unincorporated)816230.6%$1,050,000$774,75035.5%

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