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Monday, November 25, 2024

Des Moines home prices fall in the third quarter of 2019

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The median sale price of a home sold in the third quarter of 2019 in Des Moines fell by $29,750 while total sales remained unchanged with 44 homes sold, according to BlockShopper.com.

From July through September of 2019, there were 44 homes sold, with a median sale price of $393,000 - a 7% decrease over the $422,750 median sale price for the same period of the previous year. There were 44 homes sold in Des Moines in the third quarter of 2018, as well.

The median sales tax in Des Moines for the most recent year with available data, 2016, was $3,602, approximately 0.9% of the median home sale price for the third quarter of 2019.

The following table compares Des Moines to other King County cities with similar median sales prices in the third quarter of 2019:

CityJuly - Sept. 2019 Home SalesJuly - Sept. 2018 Home Sales% change (Total Home Sales)July - Sept. 2019 Median Sales PriceJuly - Sept. 2018 Median Sales Price% change (Median Sales Price)
White Center (unincorporated)1520-25%$415,000$401,5003.4%
Federal Way130152-14.5%$410,000$385,7506.3%
Auburn69110-37.3%$404,250$387,5004.3%
South Federal Way (unincorporated)816-50%$401,500$360,00011.5%
Black Diamond712-41.7%$397,700$363,5009.4%
Des Moines44440%$393,000$422,750-7%
Enumclaw1829-37.9%$374,000$335,00011.6%
Auburn (unincorporated)3544-20.5%$368,000$370,000-0.5%
Pacific713-46.2%$355,000$320,00010.9%
Baring (unincorporated)13-66.7%$350,000$250,00040%
Algona411-63.6%$334,975$320,0004.7%

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