Mercer Island Market Report

$4,550,450

AVERAGE PRICE OF 34 HOMES

$4,936,370

AVERAGE PRICE OF 31 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 $4,550,450
Avg Bedrooms 3.59 beds
Avg Bathrooms 3.65 baths

Average Price by Bedrooms

1 bedroom $419,800
2 bedrooms $569,000
3 bedrooms $2,595,000
4 bedrooms $2,807,570
5 bedrooms $8,481,833
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 30 $5,014,249 90 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 34 $4,550,450 100 days
Multi-Million Dollar Homes 31 $4,936,370 101 days
Newly Built Homes 4 $6,986,250 97 days
Homes with a Pool 1 $33,900,000 118 days

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Keller Williams Realty
11515 Burnham Dr NW
Gig Harbor, WA 98335
253-302-2884

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