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  • Mercer Island Market Report

    $2,733,937

    AVERAGE PRICE OF 133 HOMES

    $3,135,015

    AVERAGE PRICE OF 111 MULTI-MILLION DOLLAR HOMES

    $3,191,178

    AVERAGE PRICE OF 26 NEWLY BUILT HOMES

    $3,006,500

    AVERAGE PRICE OF 2 HOMES WITH A POOL

    $3,472,013

    AVERAGE PRICE OF 28 REDUCED PRICE HOMES

    Average Home

    Average Price $2,733,937
    Avg Bedrooms 4 beds
    Avg Bathrooms 3.26 baths

    Average Price by Bedrooms

    1 bedroom $364,962
    2 bedrooms $618,857
    3 bedrooms $1,588,328
    4 bedrooms $2,322,795
    5 bedrooms $4,468,648
    Mercer Island Home Price Trends
      5/2017 4/2017 3/2017 2/2017 1/2017
    Total Listings 129 111 102 90 75
    Average Price $2,855,422 $2,759,078 $2,938,480 $3,234,216 $3,201,856
    Avg Price Change +3.49% -6.50% -10.06% +1.01% +1.91%
    Median Price $2,148,192 $2,005,732 $2,216,528 $2,412,099 $2,359,111
    Med Price Change +7.10% -10.51% -8.82% +2.25% +0.47%
    Avg Bedrooms 4 beds 3.87 beds 3.97 beds 4 beds 4 beds
    Avg Bathrooms 3.44 baths 3.34 baths 3.43 baths 3.6 baths 3.57 baths
    Home Price by High School
    School Name Total Homes Average Price Avg Days on Market
    Buyer To Verify 2 $1,374,500 6 days
    Mercer Isl High 123 $2,785,095 77 days
    Home Price by House Size
    Total Homes Average Price Avg Days on Market
    All Homes 133 $2,733,937 83 days
    Multi-Million Dollar Homes 111 $3,135,015 92 days
    Newly Built Homes 26 $3,191,178 125 days
    Homes with a Pool 2 $3,006,500 14 days
    Reduced Price Homes 28 $3,472,013 196 days