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Mercer Island Market Report

$2,267,030

AVERAGE PRICE OF 53 HOMES

$2,579,682

AVERAGE PRICE OF 45 MULTI-MILLION DOLLAR HOMES

$3,898,494

AVERAGE PRICE OF 8 NEWLY BUILT HOMES

$6,090,000

AVERAGE PRICE OF 2 HOMES WITH A POOL

Average Home

Average Price $2,267,030
Avg Bedrooms 3.55 beds
Avg Bathrooms 3.02 baths

Average Price by Bedrooms

1 bedroom $355,000
2 bedrooms $845,650
3 bedrooms $1,619,778
4 bedrooms $2,890,216
5 bedrooms $3,159,612
Mercer Island Home Price Trends
  11/2021 10/2021 9/2021 8/2021 7/2021
Total Listings n/a 57 65 69 79
Average Price n/a $2,645,010 $2,726,630 $2,886,249 $2,918,436
Avg Price Change n/a -3.09% -5.85% -1.12% +15.19%
Median Price n/a $2,018,104 $2,011,698 $1,929,171 $1,858,998
Med Price Change n/a +0.32% +4.28% +3.77% +5.75%
Avg Bedrooms n/a 3.28 beds 3.64 beds 3.57 beds 3.54 beds
Avg Bathrooms n/a 3.21 baths 3.4 baths 3.41 baths 3.43 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Buyer To Verify 2 $1,797,475 31 days
Mercer Isl High 43 $2,334,598 55 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 53 $2,267,030 60 days
Multi-Million Dollar Homes 45 $2,579,682 59 days
Newly Built Homes 8 $3,898,494 143 days
Homes with a Pool 2 $6,090,000 90 days

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