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East King News

Saturday, November 16, 2024

Redmond home prices rose in July 2021

Re 9

The median sale price of a home sold in July 2021 in Redmond rose by $261,150 while total sales increased by 39.3%, according to BlockShopper.com.

In July 2021, there were 39 homes sold, with a median sale price of $1,305,000 - a 25% increase over the $1,043,850 median sale price for the same period of the previous year. There were 28 homes sold in Redmond in July 2020.

The median sales tax in Redmond for the most recent year with available data, 2016, was $5,413, approximately 0.4% of the median home sale price for July 2021.

The following table compares Redmond to other King County cities with similar median sale prices in July 2021:

CityJuly 2021 Home SalesJuly 2020 Home Sales% change (Total Home Sales)July 2021 Median Sales PriceJuly 2020 Median Sales Price% change (Median Sales Price)
Bellevue957231.9%$1,500,000$1,186,500.5026.4%
Kirkland4246-8.7%$1,487,500$1,267,50017.4%
Sammamish686013.3%$1,452,500$1,065,00036.4%
Duvall (unincorporated)216250%$1,450,000$1,275,00013.7%
Redmond (unincorporated)422755.6%$1,340,000$1,011,00032.5%
Redmond392839.3%$1,305,000$1,043,85025%
Ravensdale (unincorporated)10-$1,300,000$0-
Fenton (unincorporated)10-$1,300,000$0-
Woodinville (unincorporated)181520%$1,291,000$1,049,00023.1%
Normandy Park34-25%$1,250,000$787,50058.7%
Issaquah (unincorporated)1315-13.3%$1,239,000$895,00038.4%

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