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  • Mercer Island Market Report

    $2,533,224

    AVERAGE PRICE OF 141 HOMES

    $1,314,000

    AVERAGE PRICE OF 2 DISTRESSED HOMES

    $2,799,242

    AVERAGE PRICE OF 123 MULTI-MILLION DOLLAR HOMES

    $3,033,248

    AVERAGE PRICE OF 24 NEWLY BUILT HOMES

    $6,438,700

    AVERAGE PRICE OF 5 HOMES WITH A POOL

    $1,743,731

    AVERAGE PRICE OF 13 REDUCED PRICE HOMES

    Average Home

    Average Price $2,533,224
    Avg Bedrooms 4.2 beds
    Avg Bathrooms 3.27 baths

    Average Price by Bedrooms

    1 bedroom $344,950
    2 bedrooms $686,658
    3 bedrooms $1,151,398
    4 bedrooms $2,146,497
    5 bedrooms $3,216,254
    Mercer Island Home Price Trends
      6/2019 5/2019 4/2019 3/2019 2/2019
    Total Listings 154 151 130 112 100
    Average Price $2,526,252 $2,571,268 $2,659,453 $2,844,113 $2,917,134
    Avg Price Change -1.78% -3.43% -6.94% -2.57% +0.14%
    Median Price $1,962,211 $1,979,224 $2,015,887 $2,010,563 $2,014,687
    Med Price Change -0.87% -1.85% +0.26% -0.21% +0.94%
    Avg Bedrooms 4.15 beds 4.19 beds 4.15 beds 4.15 beds 4.09 beds
    Avg Bathrooms 3.22 baths 3.28 baths 3.32 baths 3.37 baths 3.31 baths
    Home Price by High School
    School Name Total Homes Average Price Avg Days on Site
    Buyer To Verify 9 $3,767,222 56 days
    Mercer Isl High 124 $2,485,569 81 days
    Home Price by House Size
    Total Homes Average Price Avg Days on Site
    All Homes 141 $2,533,224 78 days
    Distressed Homes 2 $1,314,000 273 days
    Multi-Million Dollar Homes 123 $2,799,242 75 days
    Newly Built Homes 24 $3,033,248 84 days
    Homes with a Pool 5 $6,438,700 121 days
    Reduced Price Homes 13 $1,743,731 66 days

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