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East King News

Tuesday, November 26, 2024

Newcastle (unincorporated) median home prices rose by 197.7% in the second half of 2021

Realestate2

The median sale price of a home sold in the second half of 2021 in Newcastle (unincorporated) rose by $1,315,000 while total sales increased by 16.7%, according to BlockShopper.com.

From July through December of 2021, there were seven homes sold, with a median sale price of $1,980,000 - a 197.7% increase over the $665,000 median sale price for the same period of the previous year. There were six homes sold in Newcastle (unincorporated) in the second half of 2020.

The median sales tax in Newcastle (unincorporated) for the most recent year with available data, 2016, was $5,151, approximately 0.3% of the median home sale price for the second half of 2021.

The following table compares Newcastle (unincorporated) 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)
Medina221915.8%$3,900,000$3,900,0000%
Clyde Hill282133.3%$3,579,000$2,325,00053.9%
Hunts Point12-50%$2,550,000$3,900,000-34.6%
Mercer Island14811429.8%$2,400,000$1,649,50045.5%
Beaux Arts Village41300%$2,018,500$3,350,000-39.7%
Newcastle (unincorporated)7616.7%$1,980,000$665,000197.7%
Sammamish (unincorporated)67-14.3%$1,855,500$1,549,00019.8%
Fenton (unincorporated)93200%$1,710,000$1,250,00036.8%
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%

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