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Mercer Island Market Report

$3,861,125

AVERAGE PRICE OF 79 HOMES

$4,372,018

AVERAGE PRICE OF 68 MULTI-MILLION DOLLAR HOMES

$5,931,600

AVERAGE PRICE OF 5 NEWLY BUILT HOMES

$18,375,000

AVERAGE PRICE OF 2 HOMES WITH A POOL

$2,827,600

AVERAGE PRICE OF 5 REDUCED PRICE HOMES

Average Home

Average Price $3,861,125
Avg Bedrooms 3.42 beds
Avg Bathrooms 3.32 baths

Average Price by Bedrooms

1 bedroom $3,950,000
2 bedrooms $923,533
3 bedrooms $2,749,766
4 bedrooms $3,567,695
5 bedrooms $6,215,621
Mercer Island Home Price Trends
  5/2024 4/2024 3/2024 2/2024 1/2024
Total Listings 62 53 41 32 25
Average Price $3,795,567 $3,996,254 $4,198,267 $4,548,398 $4,891,931
Avg Price Change -5.29% -5.06% -8.34% -7.55% +12.06%
Median Price $2,465,233 $2,488,476 $2,680,247 $2,709,250 $2,666,500
Med Price Change -0.94% -7.71% -1.08% +1.60% +10.29%
Avg Bedrooms 3.38 beds 3.49 beds 3.68 beds 3.54 beds 3.33 beds
Avg Bathrooms 3.33 baths 3.65 baths 3.76 baths 3.56 baths 3.36 baths
Home Price by High School
School Name Total Homes Average Price
Mercer Isl High 62 $4,444,019
Home Price by House Size
Total Homes Average Price
All Homes 79 $3,861,125
Multi-Million Dollar Homes 68 $4,372,018
Newly Built Homes 5 $5,931,600
Homes with a Pool 2 $18,375,000
Reduced Price Homes 5 $2,827,600

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