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  • Mercer Island Market Report

    $2,919,697

    AVERAGE PRICE OF 100 HOMES

    $940,000

    AVERAGE PRICE OF 1 DISTRESSED HOMES

    $3,217,681

    AVERAGE PRICE OF 88 MULTI-MILLION DOLLAR HOMES

    $2,960,050

    AVERAGE PRICE OF 22 NEWLY BUILT HOMES

    $9,492,667

    AVERAGE PRICE OF 3 HOMES WITH A POOL

    $1,674,475

    AVERAGE PRICE OF 2 REDUCED PRICE HOMES

    Average Home

    Average Price $2,919,697
    Avg Bedrooms 4.07 beds
    Avg Bathrooms 3.3 baths

    Average Price by Bedrooms

    2 bedrooms $866,325
    3 bedrooms $1,158,410
    4 bedrooms $3,052,034
    5 bedrooms $3,858,403
    Mercer Island Home Price Trends
      1/2019 12/2018 11/2018 10/2018 9/2018
    Total Listings 88 95 111 119 121
    Average Price $2,912,965 $2,840,397 $2,948,012 $3,047,903 $3,110,107
    Avg Price Change +2.55% -3.79% -3.39% -2.04% +3.47%
    Median Price $1,995,982 $2,007,584 $2,124,785 $2,161,841 $2,228,123
    Med Price Change -0.58% -5.84% -1.74% -3.07% +3.10%
    Avg Bedrooms 4.06 beds 4.02 beds 4.03 beds 4.07 beds 4.08 beds
    Avg Bathrooms 3.27 baths 3.28 baths 3.27 baths 3.31 baths 3.33 baths
    Home Price by High School
    School Name Total Homes Average Price Avg Days on Site
    Buyer To Verify 7 $2,612,836 94 days
    Mercer Isl High 89 $2,927,875 85 days
    Home Price by House Size
    Total Homes Average Price Avg Days on Site
    All Homes 100 $2,919,697 102 days
    Distressed Homes 1 $940,000 386 days
    Multi-Million Dollar Homes 88 $3,217,681 104 days
    Newly Built Homes 22 $2,960,050 85 days
    Homes with a Pool 3 $9,492,667 219 days
    Reduced Price Homes 2 $1,674,475 116 days
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