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North King News

Monday, November 25, 2024

Rising home prices in Lake Forest Park in January 2022

Re 10

The median sale price of a home sold in January 2022 in Lake Forest Park rose by $426,400 while total sales decreased by 14.3%, according to BlockShopper.com.

In January 2022, there were six homes sold, with a median sale price of $1,006,400 - a 73.5% increase over the $580,000 median sale price for the same period of the previous year. There were seven homes sold in Lake Forest Park in January 2021.

The median sales tax in Lake Forest Park for the most recent year with available data, 2016, was $5,447, approximately 0.5% of the median home sale price for January 2022.

The following table compares Lake Forest Park to other King County cities with similar median sale prices in January 2022:

CityJan. 2022 Home SalesJan. 2021 Home Sales% change (Total Home Sales)Jan. 2022 Median Sales PriceJan. 2021 Median Sales Price% change (Median Sales Price)
Kirkland (unincorporated)13862.5%$1,200,000$1,040,00015.4%
Newcastle49-55.6%$1,190,000$1,435,000-17.1%
Fenton (unincorporated)330%$1,180,000$1,154,0002.3%
North Bend31200%$1,150,000$548,000109.9%
Bothell8560%$1,099,000$705,00055.9%
Lake Forest Park67-14.3%$1,006,400$580,00073.5%
Black Diamond (unincorporated)20-$955,000$0-
Bothell (unincorporated)550%$950,000$611,50055.4%
Fall City (unincorporated)40-$896,875$0-
North Bend (unincorporated)82300%$848,500$357,500137.3%
Seattle2512433.3%$843,000$810,0004.1%

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