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Monday, November 25, 2024

Renton home prices fall in the first quarter of 2020

Realestate3

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The median sale price of a home sold in the first quarter of 2020 in Renton fell by $5,000 while total sales decreased by 27.6%, according to BlockShopper.com.

From January through March of 2020, there were 55 homes sold, with a median sale price of $475,000 - a 1% decrease over the $480,000 median sale price for the same period of the previous year. There were 76 homes sold in Renton in the first quarter of 2019.

The median sales tax in Renton for the most recent year with available data, 2016, was $4,150, approximately 0.9% of the median home sale price for the first quarter of 2020.

The following table compares Renton 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)
East Renton Highlands (unincorporated)6062-3.2%$526,000$487,5007.9%
Pacific310-70%$503,450$307,42563.8%
Maple Valley52504%$497,000$449,97510.5%
Renton (unincorporated)15966.7%$490,000$439,00011.6%
Seatac20195.3%$477,500$390,00022.4%
Renton5576-27.6%$475,000$480,000-1%
Seattle (unincorporated)352920.7%$459,000$418,0009.8%
Des Moines3438-10.5%$451,000$388,50016.1%
Kent (unincorporated)534810.4%$450,000$416,3558.1%
Milton110%$450,000$380,70018.2%
Kent5579-30.4%$449,500$395,00013.8%

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