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  • Mercer Island Market Report

    $2,740,664

    AVERAGE PRICE OF 103 HOMES

    $940,000

    AVERAGE PRICE OF 1 DISTRESSED HOMES

    $3,076,492

    AVERAGE PRICE OF 88 MULTI-MILLION DOLLAR HOMES

    $2,752,986

    AVERAGE PRICE OF 22 NEWLY BUILT HOMES

    $9,492,667

    AVERAGE PRICE OF 3 HOMES WITH A POOL

    $2,809,111

    AVERAGE PRICE OF 33 REDUCED PRICE HOMES

    Average Home

    Average Price $2,740,664
    Avg Bedrooms 4.02 beds
    Avg Bathrooms 3.26 baths

    Average Price by Bedrooms

    1 bedroom $350,000
    2 bedrooms $681,628
    3 bedrooms $1,245,277
    4 bedrooms $2,718,983
    5 bedrooms $3,808,536
    Mercer Island Home Price Trends
      11/2018 10/2018 9/2018 8/2018 7/2018
    Total Listings 111 119 121 122 123
    Average Price $2,948,012 $3,047,903 $3,110,107 $3,005,769 $2,984,130
    Avg Price Change -3.39% -2.04% +3.47% +0.73% +1.12%
    Median Price $2,124,785 $2,161,841 $2,228,123 $2,161,152 $2,201,573
    Med Price Change -1.74% -3.07% +3.10% -1.87% -1.50%
    Avg Bedrooms 4.03 beds 4.07 beds 4.08 beds 4.1 beds 4.2 beds
    Avg Bathrooms 3.27 baths 3.31 baths 3.33 baths 3.37 baths 3.5 baths
    Home Price by High School
    School Name Total Homes Average Price
    Buyer To Verify 8 $2,434,095
    Mercer Isl High 88 $2,774,805
    Home Price by House Size
    Total Homes Average Price
    All Homes 103 $2,740,664
    Distressed Homes 1 $940,000
    Multi-Million Dollar Homes 88 $3,076,492
    Newly Built Homes 22 $2,752,986
    Homes with a Pool 3 $9,492,667
    Reduced Price Homes 33 $2,809,111
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