If you need assistance, please call 206-755-1576

Mercer Island Market Report

$3,405,315

AVERAGE PRICE OF 62 HOMES

$3,664,317

AVERAGE PRICE OF 57 MULTI-MILLION DOLLAR HOMES

$4,500,000

AVERAGE PRICE OF 8 NEWLY BUILT HOMES

$2,650,000

AVERAGE PRICE OF 2 HOMES WITH A POOL

Average Home

Average Price $3,405,315
Avg Bedrooms 3.52 beds
Avg Bathrooms 3.26 baths

Average Price by Bedrooms

1 bedroom $498,000
2 bedrooms $1,818,996
3 bedrooms $1,556,667
4 bedrooms $3,901,825
5 bedrooms $4,118,703
Mercer Island Home Price Trends
  11/2022 10/2022 9/2022 8/2022 7/2022
Total Listings 72 79 75 72 77
Average Price $3,966,513 $3,593,357 $3,501,531 $3,604,683 $3,655,403
Avg Price Change +10.38% +2.62% -2.95% -1.41% n/a
Median Price $2,720,000 $2,501,104 $2,637,223 $2,475,133 $2,567,875
Med Price Change +8.75% -5.44% +6.55% -3.75% n/a
Avg Bedrooms 3.64 beds 3.63 beds 3.62 beds 3.59 beds 3.64 beds
Avg Bathrooms 3.41 baths 3.41 baths 3.42 baths 3.33 baths 3.44 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Buyer To Verify 6 $2,463,079 46 days
Mercer Isl High 49 $3,811,675 88 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 62 $3,405,315 82 days
Multi-Million Dollar Homes 57 $3,664,317 87 days
Newly Built Homes 8 $4,500,000 114 days
Homes with a Pool 2 $2,650,000 10 days

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Skyline Properties
Michael Heavey
10700 Meridian Ave N Suite 505
Seattle, WA 98115
206-755-1576

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