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Mercer Island

Why you'd want to live in Mercer Island

While it is surrounded by Lake Washington, Mercer Island is far from insular. Located between Bellevue and Seattle affords an easy commute to either the east or west side. Waterfront homes are marked by their own private docks for aquatic adventurers to voyage out on a boat or paddleboard. Because of its island character, there is a strong sense of community as “Islanders” take pride in the small-town atmosphere, tranquil and woodsy ambiance. Education is paramount to the community at large, as Mercer Island’s top-rated public school system is ranked second in the state. Its most famous resident was Paul Allen, co-founder of Microsoft. Though it is home to the wealthiest zip code in Washington state, residents and visitors enjoy friendly, community oriented events year-round. via https://www.rsir.com/community/mercer-island/

Mercer Island Market Report

$4,644,384

AVERAGE PRICE OF 32 HOMES

$5,066,638

AVERAGE PRICE OF 29 MULTI-MILLION DOLLAR HOMES

$6,986,250

AVERAGE PRICE OF 4 NEWLY BUILT HOMES

$33,900,000

AVERAGE PRICE OF 1 HOMES WITH A POOL

Average Home

Average Price $4,644,384
Avg Bedrooms 3.59 beds
Avg Bathrooms 3.63 baths

Average Price by Bedrooms

1 bedroom $419,800
2 bedrooms $569,000
3 bedrooms $2,995,000
4 bedrooms $2,823,538
5 bedrooms $8,337,389
Mercer Island Home Price Trends
  1/2024 12/2023 11/2023 10/2023 9/2023
Total Listings 25 37 50 61 57
Average Price $4,891,931 $4,365,445 $3,854,628 $4,192,091 $4,355,944
Avg Price Change +12.06% +13.25% -8.75% -3.91% +9.88%
Median Price $2,666,500 $2,417,663 $2,471,552 $2,527,414 $2,486,983
Med Price Change +10.29% -2.23% -2.26% +1.63% +13.17%
Avg Bedrooms 3.33 beds 3.38 beds 3.44 beds 3.43 beds 3.44 beds
Avg Bathrooms 3.36 baths 3.46 baths 3.38 baths 3.35 baths 3.32 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Mercer Isl High 28 $5,154,732 93 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 32 $4,644,384 103 days
Multi-Million Dollar Homes 29 $5,066,638 104 days
Newly Built Homes 4 $6,986,250 93 days
Homes with a Pool 1 $33,900,000 114 days

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Realogics Sotheby's International Realty
Sarah Scott
10237 Main St
Bellevue, WA 98004
206-747-6142

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.
Properties with the NWMLS icon are courtesy of Northwest MLS.
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