Q2: Home prices in Lake Forest Park increased

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The median sale price of a home sold in the second quarter of 2022 in Lake Forest Park rose by $357,500 while total sales decreased by 18.8 percent, according to BlockShopper.com.

From April through June, there were 39 homes sold, with a median sale price of $1,270,000 – a 39.2 percent increase over the $912,500 median sale price for the same period of the previous year. There were 48 homes sold in Lake Forest Park in the second quarter 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 second quarter of 2022.

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

City April – June 2022 Home Sales April – June 2021 Home Sales % change (Total Home Sales) April – June 2022 Median Sales Price April – June 2021 Median Sales Price % change (Median Sales Price)
Issaquah (unincorporated) 33 31 6.5 $1,399,000 $950,000 47.3
Issaquah 48 70 -31.4 $1,385,000 $1,169,000 18.5
Kirkland (unincorporated) 88 81 8.6 $1,309,350 $1,050,000 24.7
Bothell 35 35 0 $1,300,000 $959,000 35.6
Woodinville 32 27 18.5 $1,295,000 $950,000 36.3
Lake Forest Park 39 48 -18.8 $1,270,000 $912,500 39.2
Snoqualmie 57 50 14 $1,260,000 $955,000 31.9
Normandy Park 25 19 31.6 $1,217,500 $925,000 31.6
Duvall 30 42 -28.6 $1,175,000 $837,750 40.3
Snoqualmie (unincorporated) 3 7 -57.1 $1,150,000 $1,100,000 4.5
North Bend 23 9 155.6 $1,137,000 $800,000 42.1


Related

King County home prices rose in the first half of 2022

The median sale price of a home sold in the first half of 2022 in King County rose by $105,000 while total sales increased by 2.8%.

February 2022: Home prices in Lake Forest Park fell

The median sale price of a home sold in February 2022 in Lake Forest Park fell by $149,000 while total sales remained unchanged with four homes sold.

How did home prices perform in Lake Forest Park during January 2022?

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%.

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