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  • Mercer Island Market Report

    $2,376,732

    AVERAGE PRICE OF 72 HOMES

    $950,000

    AVERAGE PRICE OF 1 DISTRESSED HOMES

    $3,003,387

    AVERAGE PRICE OF 53 MULTI-MILLION DOLLAR HOMES

    $4,088,357

    AVERAGE PRICE OF 7 NEWLY BUILT HOMES

    $499,625

    AVERAGE PRICE OF 2 REDUCED PRICE HOMES

    Average Home

    Average Price $2,376,732
    Avg Bedrooms 3.57 beds
    Avg Bathrooms 3.47 baths

    Average Price by Bedrooms

    1 bedroom $423,000
    2 bedrooms $676,400
    3 bedrooms $2,680,077
    4 bedrooms $2,519,479
    5 bedrooms $3,620,812
    Mercer Island Home Price Trends
      2/2021 1/2021 12/2020 11/2020 10/2020
    Total Listings n/a 38 46 81 94
    Average Price n/a $2,162,763 $2,357,943 $2,327,322 $2,373,018
    Avg Price Change n/a -9.02% +1.32% -1.96% -0.06%
    Median Price n/a $1,576,793 $1,765,498 $1,673,182 $1,617,498
    Med Price Change n/a -11.97% +5.52% +3.44% -3.04%
    Avg Bedrooms n/a 3.38 beds 3.49 beds 3.61 beds 3.76 beds
    Avg Bathrooms n/a 3.22 baths 3.34 baths 3.44 baths 3.46 baths
    Home Price by High School
    School Name Total Homes Average Price Avg Days on Site
    Buyer To Verify 6 $1,114,908 47 days
    Mercer Isl High 60 $2,524,971 37 days
    Home Price by House Size
    Total Homes Average Price Avg Days on Site
    All Homes 72 $2,376,732 43 days
    Distressed Homes 1 $950,000 172 days
    Multi-Million Dollar Homes 53 $3,003,387 41 days
    Newly Built Homes 7 $4,088,357 76 days
    Reduced Price Homes 2 $499,625 18 days

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