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Mercer Island Market Report

$2,919,697

AVERAGE PRICE OF 100 HOMES

$940,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$3,217,681

AVERAGE PRICE OF 88 MULTI-MILLION DOLLAR HOMES

$2,960,050

AVERAGE PRICE OF 22 NEWLY BUILT HOMES

$9,492,667

AVERAGE PRICE OF 3 HOMES WITH A POOL

$1,674,475

AVERAGE PRICE OF 2 REDUCED PRICE HOMES

Average Home

Average Price $2,919,697
Avg Bedrooms 4.07 beds
Avg Bathrooms 3.3 baths

Average Price by Bedrooms

2 bedrooms $866,325
3 bedrooms $1,158,410
4 bedrooms $3,052,034
5 bedrooms $3,858,403
Mercer Island Home Price Trends
  1/2019 12/2018 11/2018 10/2018 9/2018
Total Listings 88 95 111 119 121
Average Price $2,912,965 $2,840,397 $2,948,012 $3,047,903 $3,110,107
Avg Price Change +2.55% -3.79% -3.39% -2.04% +3.47%
Median Price $1,995,982 $2,007,584 $2,124,785 $2,161,841 $2,228,123
Med Price Change -0.58% -5.84% -1.74% -3.07% +3.10%
Avg Bedrooms 4.06 beds 4.02 beds 4.03 beds 4.07 beds 4.08 beds
Avg Bathrooms 3.27 baths 3.28 baths 3.27 baths 3.31 baths 3.33 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Buyer To Verify 7 $2,612,836 95 days
Mercer Isl High 89 $2,927,875 86 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 100 $2,919,697 103 days
Distressed Homes 1 $940,000 387 days
Multi-Million Dollar Homes 88 $3,217,681 105 days
Newly Built Homes 22 $2,960,050 86 days
Homes with a Pool 3 $9,492,667 220 days
Reduced Price Homes 2 $1,674,475 117 days
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