• Mercer Island Market Report

    $2,850,465

    AVERAGE PRICE OF 117 HOMES

    $900,000

    AVERAGE PRICE OF 1 DISTRESSED HOMES

    $3,189,167

    AVERAGE PRICE OF 101 MULTI-MILLION DOLLAR HOMES

    $2,819,795

    AVERAGE PRICE OF 20 NEWLY BUILT HOMES

    $3,195,000

    AVERAGE PRICE OF 1 HOMES WITH A POOL

    $3,243,879

    AVERAGE PRICE OF 30 REDUCED PRICE HOMES

    Average Home

    Average Price $2,850,465
    Avg Bedrooms 4 beds
    Avg Bathrooms 3.4 baths

    Average Price by Bedrooms

    1 bedroom $335,000
    2 bedrooms $945,939
    3 bedrooms $1,478,000
    4 bedrooms $2,425,418
    5 bedrooms $4,049,227
    Mercer Island Home Price Trends
      3/2017 2/2017 1/2017 12/2016 11/2016
    Total Listings 102 90 75 85 108
    Average Price $2,938,480 $3,234,216 $3,201,856 $3,141,919 $2,878,090
    Avg Price Change -10.06% +1.01% +1.91% +9.17% +10.85%
    Median Price $2,216,528 $2,412,099 $2,359,111 $2,348,153 $1,992,049
    Med Price Change -8.82% +2.25% +0.47% +17.88% +9.77%
    Avg Bedrooms 3.97 beds 4 beds 4 beds 4 beds 4 beds
    Avg Bathrooms 3.43 baths 3.6 baths 3.57 baths 3.53 baths 3.46 baths
    Home Price by High School
    School Name Total Homes Average Price Avg Days on Market
    Buyer To Verify 1 $1,875,000 287 days
    Mercer Isl High 107 $2,876,649 76 days
    Home Price by House Size
    Total Homes Average Price Avg Days on Market
    All Homes 117 $2,850,465 89 days
    Distressed Homes 1 $900,000 632 days
    Multi-Million Dollar Homes 101 $3,189,167 92 days
    Newly Built Homes 20 $2,819,795 106 days
    Homes with a Pool 1 $3,195,000 244 days
    Reduced Price Homes 30 $3,243,879 186 days