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Mercer Island Market Report

$4,324,239

AVERAGE PRICE OF 37 HOMES

$5,186,830

AVERAGE PRICE OF 30 MULTI-MILLION DOLLAR HOMES

$7,676,667

AVERAGE PRICE OF 3 NEWLY BUILT HOMES

$33,900,000

AVERAGE PRICE OF 1 HOMES WITH A POOL

Average Home

Average Price $4,324,239
Avg Bedrooms 3.35 beds
Avg Bathrooms 3.43 baths

Average Price by Bedrooms

2 bedrooms $628,487
3 bedrooms $3,487,238
4 bedrooms $3,419,149
5 bedrooms $9,003,056
Mercer Island Home Price Trends
  11/2023 10/2023 9/2023 8/2023 7/2023
Total Listings 50 61 57 64 71
Average Price $3,854,628 $4,192,091 $4,355,944 $3,964,284 $3,950,901
Avg Price Change -8.75% -3.91% +9.88% +0.34% +4.29%
Median Price $2,471,552 $2,527,414 $2,486,983 $2,197,619 $2,100,315
Med Price Change -2.26% +1.63% +13.17% +4.63% -3.94%
Avg Bedrooms 3.44 beds 3.43 beds 3.44 beds 3.37 beds 3.65 beds
Avg Bathrooms 3.38 baths 3.35 baths 3.32 baths 3.24 baths 3.34 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Buyer To Verify 3 $1,063,150 122 days
Mercer Isl High 30 $4,770,747 86 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 37 $4,324,239 98 days
Multi-Million Dollar Homes 30 $5,186,830 102 days
Newly Built Homes 3 $7,676,667 70 days
Homes with a Pool 1 $33,900,000 38 days

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10828 Gravelly Lake Dr SW Ste 210
Lakewood, WA
253-448-3658
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