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  • Mercer Island Market Report

    $3,071,295

    AVERAGE PRICE OF 119 HOMES

    $940,000

    AVERAGE PRICE OF 1 DISTRESSED HOMES

    $3,417,667

    AVERAGE PRICE OF 104 MULTI-MILLION DOLLAR HOMES

    $2,836,812

    AVERAGE PRICE OF 23 NEWLY BUILT HOMES

    $7,201,560

    AVERAGE PRICE OF 5 HOMES WITH A POOL

    $2,461,899

    AVERAGE PRICE OF 43 REDUCED PRICE HOMES

    Average Home

    Average Price $3,071,295
    Avg Bedrooms 4.08 beds
    Avg Bathrooms 3.31 baths

    Average Price by Bedrooms

    1 bedroom $387,000
    2 bedrooms $1,546,663
    3 bedrooms $1,684,456
    4 bedrooms $2,855,541
    5 bedrooms $3,848,455
    Mercer Island Home Price Trends
      9/2018 8/2018 7/2018 6/2018 5/2018
    Total Listings 121 122 123 119 103
    Average Price $3,110,107 $3,005,769 $2,984,130 $2,951,126 $3,053,772
    Avg Price Change +3.47% +0.73% +1.12% -3.48% n/a
    Median Price $2,228,123 $2,161,152 $2,201,573 $2,234,676 $2,358,790
    Med Price Change +3.10% -1.87% -1.50% -5.55% n/a
    Avg Bedrooms 4.08 beds 4.1 beds 4.2 beds 4.26 beds 4.29 beds
    Avg Bathrooms 3.33 baths 3.37 baths 3.5 baths 3.52 baths 3.55 baths
    Home Price by High School
    School Name Total Homes Average Price
    Buyer To Verify 6 $3,181,067
    Mercer Isl High 102 $3,171,244
    Home Price by House Size
    Total Homes Average Price
    All Homes 119 $3,071,295
    Distressed Homes 1 $940,000
    Multi-Million Dollar Homes 104 $3,417,667
    Newly Built Homes 23 $2,836,812
    Homes with a Pool 5 $7,201,560
    Reduced Price Homes 43 $2,461,899
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