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Monday, November 25, 2024

Kent home prices rise 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 Kent rose by $30,000 while total sales decreased by 9.2%, according to BlockShopper.com.

From July through September of 2019, there were 89 homes sold, with a median sale price of $430,000 - a 7.5% increase over the $400,000 median sale price for the same period of the previous year. There were 98 homes sold in Kent in the third quarter of 2018.

The median sales tax in Kent for the most recent year with available data, 2016, was $3,686, approximately 0.9% of the median home sale price for the third quarter of 2019.

The following table compares Kent 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)
North Bend (unincorporated)2628-7.1%$492,000$602,750-18.4%
Renton7199-28.3%$465,000$490,000-5.1%
Kent (unincorporated)5869-15.9%$440,000$435,0001.1%
Seatac2436-33.3%$435,000$391,00011.3%
Seattle (unincorporated)54540%$432,750$414,946.304.3%
Kent8998-9.2%$430,000$400,0007.5%
Tukwila1730-43.3%$430,000$406,5005.8%
Covington4751-7.8%$420,000$335,00025.4%
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%

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