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Mercer Island Market Report

$3,527,942

AVERAGE PRICE OF 96 HOMES

$1,060,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$4,331,231

AVERAGE PRICE OF 75 MULTI-MILLION DOLLAR HOMES

$6,249,400

AVERAGE PRICE OF 5 NEWLY BUILT HOMES

$33,900,000

AVERAGE PRICE OF 1 HOMES WITH A POOL

$2,398,000

AVERAGE PRICE OF 1 REDUCED PRICE HOMES

Average Home

Average Price $3,527,942
Avg Bedrooms 3.25 beds
Avg Bathrooms 3.17 baths

Average Price by Bedrooms

1 bedroom $2,049,500
2 bedrooms $817,479
3 bedrooms $2,890,688
4 bedrooms $2,911,237
5 bedrooms $7,297,322
Mercer Island Home Price Trends
  8/2024 7/2024 6/2024 5/2024 4/2024
Total Listings 91 83 74 62 53
Average Price $3,564,958 $3,596,740 $3,805,751 $3,795,567 $3,996,254
Avg Price Change -0.89% -5.81% +0.27% -5.29% -5.06%
Median Price $2,198,524 $2,272,314 $2,446,133 $2,465,233 $2,488,476
Med Price Change -3.36% -7.65% -0.78% -0.94% -7.71%
Avg Bedrooms 3.18 beds 3.14 beds 3.34 beds 3.38 beds 3.49 beds
Avg Bathrooms 3.03 baths 3.01 baths 3.26 baths 3.33 baths 3.65 baths
Home Price by High School
School Name Total Homes Average Price
Mercer Isl High 71 $4,111,066
Home Price by House Size
Total Homes Average Price
All Homes 96 $3,527,942
Distressed Homes 1 $1,060,000
Multi-Million Dollar Homes 75 $4,331,231
Newly Built Homes 5 $6,249,400
Homes with a Pool 1 $33,900,000
Reduced Price Homes 1 $2,398,000

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Chris Gurnee Team EXP
Chris Gurnee
18002 15th Ave NE Suite J
Shoreline, WA 98155
206-909-2073
Chris Gurnee

Fair Housing/Equal Opportunity
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Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2021 NWMLS.
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Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS.
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