As promised last week, it’s time to check up on median home sale prices broken down by distress status: Non-distressed, bank-owned, and short sales.
As of March, the non-distressed median price for King County single family home sales sits at $432,000, up 6.7% from a year earlier and up 1.6% from February. Not much of an increase for this time of year. Last year prices jumped 5.0% month over month in March.
The bank-owned median sale price was at $186,500 in March, up 3.6% from a year earlier. The short sale median price came in at $250,000 in March, down 6.0% from 2012.
Here’s a look at the price per square foot broken down by distress status:
The median price per square foot of non-distressed homes was up just 5.0% from 2012. The bank-owned median price per square foot shot up a whopping 23.4%, while the short sale median price per square foot was up 6.3%.