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Thursday, November 21, 2024

How did home prices perform in Burien during the first half of 2022?

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The median sale price of a home sold in the first half of 2022 in Burien rose by $102,500 while total sales increased by 10.6 percent, according to BlockShopper.com.

From January through June, there were 115 homes sold, with a median sale price of $702,000 - a 17.1 percent increase over the $599,500 median sale price for the same period of the previous year. There were 104 homes sold in Burien in the first half of 2021.

The median sales tax in Burien for the most recent year with available data, 2016, was $3,875, approximately 0.6 percent of the median home sale price for the first half of 2022.

The following table compares Burien 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)
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
Burien11510410.6$702,000$599,50017.1
Black Diamond271668.8$670,000$627,5006.8
Kent222241-7.9$667,500$545,00022.5
Covington12811412.3$657,500$513,50028
Tukwila4048-16.7$641,500$485,00032.3
Auburn (unincorporated)998713.8$632,999$532,00019

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