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Saturday, September 21, 2024

Q2: Shoreline experienced a 5.7% increase in median home prices

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The median sale price of a home sold in the second quarter of 2022 in Shoreline rose by $45,500 while total sales decreased by 5.5 percent, according to BlockShopper.com.

From April through June, there were 154 homes sold, with a median sale price of $850,500 - a 5.7 percent increase over the $805,000 median sale price for the same period of the previous year. There were 163 homes sold in Shoreline in the second quarter of 2021.

The median sales tax in Shoreline for the most recent year with available data, 2016, was $4,439, approximately 0.5 percent of the median home sale price for the second quarter of 2022.

The following table compares Shoreline to other King County cities with similar median sale prices in the second quarter of 2022:

CityApril - June 2022 Home SalesApril - June 2021 Home Sales% change (Total Home Sales)April - June 2022 Median Sales PriceApril - June 2021 Median Sales Price% change (Median Sales Price)
Kenmore554717$1,110,000$862,50028.7
Bothell (unincorporated)392839.3$1,040,000$931,25011.7
Seattle1,3791,684-18.1$1,025,000$920,00011.4
North Bend (unincorporated)4143-4.7$950,000$750,00026.7
Ravensdale (unincorporated)1013-23.1$912,500$857,2506.4
Shoreline154163-5.5$850,500$805,0005.7
Maple Valley138153-9.8$850,000$685,00024.1
Vashon (unincorporated)3236-11.1$837,500$736,00013.8
Lea Hill (unincorporated)1820-10$831,250$816,7501.8
East Renton Highlands (unincorporated)161181-11$800,000$680,00017.6
Enumclaw (unincorporated)2033-39.4$797,500$737,0008.2

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