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Mercer Island Market Report

$3,448,605

AVERAGE PRICE OF 74 HOMES

$4,141,219

AVERAGE PRICE OF 59 MULTI-MILLION DOLLAR HOMES

$4,823,834

AVERAGE PRICE OF 6 NEWLY BUILT HOMES

$15,291,670

AVERAGE PRICE OF 3 HOMES WITH A POOL

$6,500,000

AVERAGE PRICE OF 1 REDUCED PRICE HOMES

Average Home

Average Price $3,448,605
Avg Bedrooms 3.47 beds
Avg Bathrooms 3.16 baths

Average Price by Bedrooms

1 bedroom $489,000
2 bedrooms $648,780
3 bedrooms $1,447,496
4 bedrooms $3,190,230
5 bedrooms $4,776,917
Mercer Island Home Price Trends
  2/2023 1/2023 12/2022 11/2022 10/2022
Total Listings 52 43 54 72 79
Average Price $3,769,114 $3,240,605 $3,307,427 $3,966,513 $3,593,357
Avg Price Change +16.31% -2.06% -19.93% +10.38% +2.62%
Median Price $2,369,852 $2,471,833 $2,521,259 $2,720,000 $2,501,104
Med Price Change -4.30% -2.00% -7.88% +8.75% -5.44%
Avg Bedrooms 3.35 beds 3.4 beds 3.67 beds 3.64 beds 3.63 beds
Avg Bathrooms 3.05 baths 3.05 baths 3.34 baths 3.41 baths 3.41 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Buyer To Verify 9 $1,677,998 28 days
Mercer Isl High 55 $4,141,196 64 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 74 $3,448,605 64 days
Multi-Million Dollar Homes 59 $4,141,219 70 days
Newly Built Homes 6 $4,823,834 65 days
Homes with a Pool 3 $15,291,670 42 days
Reduced Price Homes 1 $6,500,000 43 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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