Suburban State of Mind

February Home Prices Jumped in These 8 Seattle Suburbs

The year-over-year median sale prices were up by at least 30 percent in these communities.

By Seattle Met Staff March 11, 2022

Mercer Island, the land where the median price of homes tops $2 million.

In what is a surprise to no one, Seattle-area home prices continue to sizzle, especially in the suburbs. Only two areas in King County—Queen Anne/Magnolia and Kirkland/Bridle Trails—saw a decrease in February's median sale price compared to the same time last year, and that was because single-family home sales were hindered by a lack of inventory back in January.

In all, eight Seattle suburbs and surrounding communities saw their year-over-year prices leap by at least 30 percent. And in one, the difference in the median sale price between February 2022 and February 2021 was $815,000. 

8. Enumclaw

While this town in (very) South King County didn't make it onto our list of hottest suburbs last year, Enumclaw sure seems to be making a case for itself in 2022. It's had two months in a row of bonkers year-over-year price growth, with over 40 percent in January and over 31 percent in February. And that median sale price? Up $155,250 compared to February 2021.

February 2022 median sale price: $655,250
Price growth year-over-year: 31.05 percent

7. Kent

This southern burb has always been a popular spot among the Boeing crowd, but in recent years the lure of more affordable real estate has brought a rush of homebuyers. And we know how the whole supply and demand thing works.

February 2022 median sale price: $690,500
Price growth year-over-year: 31.52 percent

6. Renton (Benson Hill)

This suburban microhood has a lot going for it, but what used to be a relatively affordable place in the larger Seattle area is quickly becoming anything but. The median sale price of a home here rose over $100,000 between 2020 and 2021, and that growth doesn't seem like it's stopping. The median sale price in February 2022 was up nearly $185,000 compared to the same month the previous year.

February 2022 median sale price: $749,950
Price growth year-over-year: 32.73 percent

5. Newcastle, Factoria, Newport (Eastside, South of 90)

This Bellevue area saw the highest price growth in 2021 of all the Seattle suburbs, and that continued into January 2022 with a year-over-year price growth of a whopping 63.87 percent. While the numbers in February are slightly tamer, it's little consolation when you look at the leap in median sale price compared to February 2021: $302,765.

February 2022 median sale price: $1,218,000
Price growth year-over-year: 33.08 percent

4. Redmond/Carnation

Was Microsoft's blanket move to reopen its Redmond campus part of the reason for the housing market buzz here? Perhaps. But it could also be the yearning for more space. Single-family homes and condos here were both selling for more this month compared to this time last year, combining for a median sale price that topped $1 million.

February 2022 median sale price: $1,060,000
Price growth year-over-year: 33.17 percent

3. Bellevue (West of 405)

The Lake Washington side of Bellevue has, for years, been favored by those seeking waterfront real estate, ultra-private residential areas, and proximity to all the going on in downtown Bellevue. In short, it hasn't been affordable for quite some time, and that's only becoming more true as the suburban boom continues.

February 2022 median sale price: $1,605,000
Price growth year-over-year: 33.75 percent

2. Auburn

A median sale price under (gasp) $600,000, you say? This plucky suburb still retains its small-town charm, even as hardcore Seattleites sniffing for space and affordable mortgages drive up competition and prices. That year-over-year price growth, though, might be telling of what's to come.

February 2022 median sale price: $595,000
Price growth year-over-year: 40 percent

1. Mercer Island

Oh, Mercer Island: the land of millionaires (and billionaires). This small but mighty burb lays claim to the title of most expensive school district in the state. It also lays claim to having the most expensive median sale price in all of King County this month, which is $815,000 higher than February of 2021.

February 2022 median sale price: $2,420,000
Price growth year-over-year: 50.78 percent

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