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Saturday, September 21, 2024

Rising home prices in Lake Forest Park in the first half of 2022

Realestate2

The median sale price of a home sold in the first half of 2022 in Lake Forest Park rose by $385,000 while total sales decreased by 10.6 percent, according to BlockShopper.com.

From January through June, there were 59 homes sold, with a median sale price of $1,250,000 - a 44.5 percent increase over the $865,000 median sale price for the same period of the previous year. There were 66 homes sold in Lake Forest Park in the first half of 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 the first half of 2022.

The following table compares Lake Forest Park 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)
Issaquah (unincorporated)50476.4$1,409,000$940,25049.9
Kirkland (unincorporated)14012412.9$1,315,000$1,015,50029.5
Woodinville46437$1,295,000$925,00040
Bothell625414.8$1,280,000$939,50036.2
Fall City (unincorporated)292045$1,265,000$912,50038.6
Lake Forest Park5966-10.6$1,250,000$865,00044.5
Fenton (unincorporated)610-40$1,240,000$1,697,500-27
Snoqualmie827115.5$1,215,000$895,00035.8
Bothell (unincorporated)694553.3$1,150,000$850,00035.3
North Bend3414142.9$1,143,500$795,00043.8
Black Diamond (unincorporated)104150$1,085,000$1,260,000-13.9

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