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South Snohomish News

Thursday, November 21, 2024

How did home prices perform in Lake Forest Park during 2021?

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The median sale price of a home sold in 2021 in Lake Forest Park rose by $125,500 while total sales increased by 49.5%, according to BlockShopper.com.

From January through December of 2021, there were 139 homes sold, with a median sale price of $875,500 - a 16.7% increase over the $750,000 median sale price for the previous year. There were 93 homes sold in Lake Forest Park in 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 2021.

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

CityJan. - Dec. 2021 Home SalesJan. - Dec. 2020 Home Sales% change (Total Home Sales)Jan. - Dec. 2021 Median Sales PriceJan. - Dec. 2020 Median Sales Price% change (Median Sales Price)
Kenmore18012544%$946,375$758,00024.9%
Normandy Park5355-3.6%$939,350$830,00013.2%
Bothell (unincorporated)1128531.8%$922,500$730,00026.4%
Seattle5,7574,22636.2%$890,000$815,0009.2%
North Bend463339.4%$877,000$698,00025.6%
Lake Forest Park1399349.5%$875,500$750,00016.7%
Duvall928310.8%$845,500$685,00023.4%
Lea Hill (unincorporated)704748.9%$822,000$680,00020.9%
Vashon (unincorporated)1229824.5%$797,450$685,00016.4%
Snoqualmie (unincorporated)241471.4%$772,500$607,50027.2%
Shoreline57140142.4%$760,000$650,00016.9%

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