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Thursday, November 21, 2024

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

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The median sale price of a home sold in May in Lake Forest Park rose by $728,500 while total sales increased by 300 percent, according to BlockShopper.com.

In May, there were 16 homes sold, with a median sale price of $1,372,500 - a 113.1 percent increase over the $644,000 median sale price for the same period of the previous year. There were four homes sold in Lake Forest Park in May 2021.

The median sales tax in Lake Forest Park for the most recent year with available data, 2016, was $5,447, approximately 0.4 percent of the median home sale price for May.

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

CityMay 2022 Home SalesMay 2021 Home Sales% change (Total Home Sales)May 2022 Median Sales PriceMay 2021 Median Sales Price% change (Median Sales Price)
Redmond2331-25.8$1,550,000$1,360,00014
Woodinville990$1,480,000$1,100,00034.5
Issaquah (unincorporated)89-11.1$1,410,500$900,00056.7
Bellevue (unincorporated)7475$1,400,000$1,325,5005.6
Issaquah1325-48$1,390,000$1,265,8889.8
Lake Forest Park164300$1,372,500$644,000113.1
Fall City (unincorporated)5366.7$1,358,500$794,00071.1
Snoqualmie1720-15$1,325,000$855,50054.9
Duvall1218-33.3$1,324,000$837,75058
North Bend80-$1,261,000$0-
Kirkland (unincorporated)342536$1,255,000$1,025,00022.4

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