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Wednesday, December 4, 2024

First half of 2022: Newcastle (unincorporated) experienced a 4.8% drop in median home prices

Re 5

The median sale price of a home sold in the first half of 2022 in Newcastle (unincorporated) fell by $40,000 while total sales increased by 40 percent, according to BlockShopper.com.

From January through June, there were seven homes sold, with a median sale price of $800,000 - a 4.8 percent decrease from the $840,000 median sale price for the same period of the previous year. There were five homes sold in Newcastle (unincorporated) in the first half of 2021.

The median sales tax in Newcastle (unincorporated) for the most recent year with available data, 2016, was $5,151, approximately 0.6 percent of the median home sale price for the first half of 2022.

The following table compares Newcastle (unincorporated) to other King County cities with similar median sale prices in the first half of 2022:

CityJanuary - June 2022 Home SalesJanuary - June 2021 Home Sales% change (Total Home Sales)January - June 2022 Median Sales PriceJanuary - June 2021 Median Sales Price% change (Median Sales Price)
Ravensdale (unincorporated)1421-33.3$832,475$780,0006.7
Lea Hill (unincorporated)33316.5$828,000$805,0002.9
Maple Valley214232-7.8$825,000$675,00022.2
Enumclaw (unincorporated)4254-22.2$810,000$733,50010.4
Snoqualmie (unincorporated)911-18.2$800,000$725,00010.3
Newcastle (unincorporated)7540$800,000$840,000-4.8
East Renton Highlands (unincorporated)29326510.6$780,000$665,00017.3
Renton (unincorporated)3945-13.3$755,000$590,00028
Renton2452430.8$750,000$630,00019
Carnation13862.5$710,000$772,500-8.1
Kent (unincorporated)1761638$703,000$562,70024.9

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