Burien home prices rise in the first quarter of 2018

Burien home prices rise in the first quarter of 2018
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The median sale price of a home sold in the first quarter of 2018 in Burien rose by $89,250 while total sales decreased by 42.2%, according to BlockShopper.com.

From January through March of 2018, there were 48 homes sold, with a median sale price of $456,250 – a 24.3% increase over the $367,000 median sale price for the same period of the previous year. There were 83 homes sold in Burien in the first quarter of 2017.

The median sales tax in Burien for the most recent year with available data, 2016, was $3,875, approximately 0.8% of the median home sale price for the first quarter of 2018.

The following table compares Burien to other King County cities with similar median sales prices in the first quarter of 2018:

City Jan. – Mar. 2018 Home Sales Jan. – Mar. 2017 Home Sales % change (Total Home Sales) Jan. – Mar. 2018 Median Sales Price Jan. – Mar. 2017 Median Sales Price % change (Median Sales Price)
Lea Hill (unincorporated) 11 13 -15.4% $525,000 $590,000 -11%
Vashon (unincorporated) 17 32 -46.9% $520,000 $475,000 9.5%
Renton (unincorporated) 13 33 -60.6% $500,000 $385,700 29.6%
Renton 71 132 -46.2% $480,000 $395,000 21.5%
East Renton Highlands (unincorporated) 89 155 -42.6% $469,000 $441,000 6.3%
Burien 48 83 -42.2% $456,250 $367,000 24.3%
North Bend (unincorporated) 23 23 0% $452,000 $490,500 -7.8%
Maple Valley 74 143 -48.3% $450,000 $382,500 17.6%
Enumclaw (unincorporated) 22 18 22.2% $440,000 $484,000 -9.1%
Baring (unincorporated) 1 3 -66.7% $430,000 $300,000 43.3%
Kent (unincorporated) 60 120 -50% $422,000 $350,000 20.6%


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