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Saturday, November 23, 2024

May 2021: Kent experienced a 18.6% increase in median home prices

Realestate2

The median sale price of a home sold in May 2021 in Kent rose by $88,500 while total sales increased by 55.2%, according to BlockShopper.com.

In May 2021, there were 45 homes sold, with a median sale price of $563,500 - a 18.6% increase over the $475,000 median sale price for the same period of the previous year. There were 29 homes sold in Kent in May 2020.

The median sales tax in Kent for the most recent year with available data, 2016, was $3,686, approximately 0.7% of the median home sale price for May 2021.

The following table compares Kent to other King County cities with similar median sale prices in May 2021:

CityMay 2021 Home SalesMay 2020 Home Sales% change (Total Home Sales)May 2021 Median Sales PriceMay 2020 Median Sales Price% change (Median Sales Price)
Kent (unincorporated)36345.9%$595,000$462,50028.6%
Des Moines2210120%$585,000$422,00038.6%
Auburn (unincorporated)1112-8.3%$585,000$432,75035.2%
Covington191172.7%$575,000$462,00024.5%
White Center (unincorporated)11757.1%$570,000$600,000-5%
Kent452955.2%$563,500$475,00018.6%
Federal Way60600%$555,000$442,00025.6%
Seattle (unincorporated)262313%$520,000$490,0006.1%
Auburn373119.4%$510,000$425,00020%
Tukwila11683.3%$495,000$452,5009.4%
Seatac15147.1%$465,000$441,327.505.4%

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