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East King News

Tuesday, November 26, 2024

Redmond home prices rose in the second half of 2021

Re 9

The median sale price of a home sold in the second half of 2021 in Redmond rose by $332,500 while total sales increased by 35.2%, according to BlockShopper.com.

From July through December of 2021, there were 196 homes sold, with a median sale price of $1,327,500 - a 33.4% increase over the $995,000 median sale price for the same period of the previous year. There were 145 homes sold in Redmond in the second half of 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 the second half of 2021.

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

CityJuly - Dec. 2021 Home SalesJuly - Dec. 2020 Home Sales% change (Total Home Sales)July - Dec. 2021 Median Sales PriceJuly - Dec. 2020 Median Sales Price% change (Median Sales Price)
Kirkland24919527.7%$1,600,000$1,310,00022.1%
Bellevue51642022.9%$1,564,500$1,248,35025.3%
Duvall (unincorporated)82793.8%$1,515,000$1,190,00027.3%
Sammamish35230415.8%$1,432,500$1,080,40032.6%
Fall City (unincorporated)1519-21.1%$1,350,000$936,00044.2%
Redmond19614535.2%$1,327,499.50$995,00033.4%
Issaquah104123-15.4%$1,293,397.50$993,00030.3%
Redmond (unincorporated)18213732.8%$1,288,500$1,011,00027.4%
Newcastle574235.7%$1,280,500$1,059,50020.9%
Woodinville (unincorporated)1239135.2%$1,200,000$910,00031.9%
Issaquah (unincorporated)63605%$1,190,360$898,00032.6%

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