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Tuesday, November 26, 2024

South Federal Way (unincorporated) home prices rise in the first quarter of 2020

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The median sale price of a home sold in the first quarter of 2020 in South Federal Way (unincorporated) rose by $40,000 while total sales increased by 266.7%, according to BlockShopper.com.

From January through March of 2020, there were 11 homes sold, with a median sale price of $415,000 - a 10.7% increase over the $375,000 median sale price for the same period of the previous year. There were three homes sold in South Federal Way (unincorporated) in the first quarter of 2019.

The median sales tax in South Federal Way (unincorporated) for the most recent year with available data, 2016, was $3,729, approximately 0.9% of the median home sale price for the first quarter of 2020.

The following table compares South Federal Way (unincorporated) to other King County cities with similar median sales prices in the first quarter of 2020:

CityJan. - Mar. 2020 Home SalesJan. - Mar. 2019 Home Sales% change (Total Home Sales)Jan. - Mar. 2020 Median Sales PriceJan. - Mar. 2019 Median Sales Price% change (Median Sales Price)
Tukwila1014-28.6%$441,250$387,50013.9%
Burien292611.5%$440,000$444,975-1.1%
White Center (unincorporated)221369.2%$427,515$407,0005%
Federal Way7393-21.5%$425,000$385,00010.4%
Auburn (unincorporated)1626-38.5%$424,000$371,50014.1%
South Federal Way (unincorporated)113266.7%$415,000$375,00010.7%
Covington2742-35.7%$412,000$385,0007%
North Bend (unincorporated)131118.2%$410,000$476,000-13.9%
Black Diamond550%$400,000$400,0000%
Auburn5670-20%$399,500$372,4757.3%
Enumclaw198137.5%$380,000$368,247.503.2%

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