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East King News

Tuesday, November 26, 2024

Median home prices in Newcastle rose to $1,280,500 in 2021

Realestate1

The median sale price of a home sold in 2021 in Newcastle rose by $283,005 while total sales increased by 42.3%, according to BlockShopper.com.

From January through December of 2021, there were 111 homes sold, with a median sale price of $1,280,500 - a 28.4% increase over the $997,495 median sale price for the previous year. There were 78 homes sold in Newcastle in 2020.

The median sales tax in Newcastle for the most recent year with available data, 2016, was $7,041, approximately 0.5% of the median home sale price for 2021.

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

CityJan. - Dec. 2021 Home SalesJan. - Dec. 2020 Home Sales% change (Total Home Sales)Jan. - Dec. 2021 Median Sales PriceJan. - Dec. 2020 Median Sales Price% change (Median Sales Price)
Kirkland46731050.6%$1,500,000$1,240,00021%
Duvall (unincorporated)13512210.7%$1,500,000$1,122,50033.6%
Newcastle (unincorporated)12850%$1,479,000$605,000144.5%
Sammamish68452231%$1,400,000$1,033,75035.4%
Redmond35523749.8%$1,300,000$950,00036.8%
Newcastle1117842.3%$1,280,500$997,49528.4%
Redmond (unincorporated)32923540%$1,260,000$929,95035.5%
Issaquah2031906.8%$1,235,000$950,00030%
Woodinville (unincorporated)20214143.3%$1,152,000.50$911,00026.5%
Fall City (unincorporated)352825%$1,085,880$1,002,5008.3%
Bellevue (unincorporated)514513.3%$1,070,000$850,00025.9%

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