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Mercer Island Market Report

$2,396,482

AVERAGE PRICE OF 80 HOMES

$800,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$3,007,083

AVERAGE PRICE OF 60 MULTI-MILLION DOLLAR HOMES

$3,543,250

AVERAGE PRICE OF 4 NEWLY BUILT HOMES

$3,399,000

AVERAGE PRICE OF 1 HOMES WITH A POOL

$1,909,800

AVERAGE PRICE OF 5 REDUCED PRICE HOMES

Average Home

Average Price $2,396,482
Avg Bedrooms 3.71 beds
Avg Bathrooms 3.39 baths

Average Price by Bedrooms

1 bedroom $429,333
2 bedrooms $539,780
3 bedrooms $2,501,967
4 bedrooms $2,183,643
5 bedrooms $4,043,381
Mercer Island Home Price Trends
  4/2021 3/2021 2/2021 1/2021 12/2020
Total Listings 72 68 n/a 38 46
Average Price $2,369,682 $2,306,667 n/a $2,162,763 $2,357,943
Avg Price Change +2.73% n/a n/a -9.02% +1.32%
Median Price $1,879,950 $1,781,770 n/a $1,576,793 $1,765,498
Med Price Change +5.51% n/a n/a -11.97% +5.52%
Avg Bedrooms 3.59 beds 3.47 beds n/a 3.38 beds 3.49 beds
Avg Bathrooms 3.37 baths 3.34 baths n/a 3.22 baths 3.34 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Buyer To Verify 11 $1,117,541 39 days
Mercer Isl High 58 $2,727,614 45 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 80 $2,396,482 44 days
Distressed Homes 1 $800,000 242 days
Multi-Million Dollar Homes 60 $3,007,083 42 days
Newly Built Homes 4 $3,543,250 117 days
Homes with a Pool 1 $3,399,000 23 days
Reduced Price Homes 5 $1,909,800 101 days

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Mark Bensadon
10700 Meridian Ave NE ste 504
Seattle, WA 98133
206-422-3515

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