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Wednesday, November 27, 2024

What happened to the median home price in Lake Forest Park during December 2021?

Realestate4

The median sale price of a home sold in December 2021 in Lake Forest Park rose by $296,000 while total sales increased by 120%, according to BlockShopper.com.

In December 2021, there were 11 homes sold, with a median sale price of $965,000 - a 44.2% increase over the $669,000 median sale price for the same period of the previous year. There were five homes sold in Lake Forest Park in December 2020.

The median sales tax in Lake Forest Park for the most recent year with available data, 2016, was $5,447, approximately 0.6% of the median home sale price for December 2021.

The following table compares Lake Forest Park to other King County cities with similar median sale prices in December 2021:

CityDec. 2021 Home SalesDec. 2020 Home Sales% change (Total Home Sales)Dec. 2021 Median Sales PriceDec. 2020 Median Sales Price% change (Median Sales Price)
Kirkland (unincorporated)251747.1%$1,231,000$750,00064.1%
Snoqualmie812-33.3%$1,164,950$815,05042.9%
Woodinville141216.7%$1,110,000$927,50019.7%
Lea Hill (unincorporated)83166.7%$1,007,500$750,00034.3%
Newcastle (unincorporated)110%$978,000$900,0008.7%
Lake Forest Park115120%$965,000$669,00044.2%
Issaquah (unincorporated)770%$925,000$708,20030.6%
Seattle49340422%$880,000$785,00012.1%
Kenmore11683.3%$880,000$607,50044.9%
Bothell57-28.6%$840,000$875,000-4%
Black Diamond45-20%$805,000$475,00069.5%

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