The Mercer Island housing market is very competitive. Homes in Mercer Island receive 2 offers on average and sell in around 14 days. The median sale price of a home in Mercer Island was $2.5M last month, down 10.8% since last year. The median sale price per square foot in Mercer Island is $750, down 14.4% since last year.
What is the housing market like in Mercer Island today?
In June 2025, Mercer Island home prices were down 10.8% compared to last year, selling for a median price of $2.5M. On average, homes in Mercer Island sell after 14 days on the market compared to 13 days last year. There were 29 homes sold in June this year, up from 28 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$2,498,000
-10.8% YoY | Jun 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jun 2025
Growth
% YoY
Mercer Island, WA
$2,498,000
-10.8%
United States
To compare other locations to the Mercer Island and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Mercer Island add value to a home.
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How hot is the Mercer Island housing market?
Mercer Island is very competitive. Homes sell in 6 days.
0
100
88
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for around list price and go pending in around 6 days.
Hot homes
can sell for about 1% above list price and go pending in around 2 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
View houses in Mercer Island that sold recently
Recently sold homes
SOLD JUL 21, 2025
$4,800,000 Last Sold Price
5 beds
3.5 baths
3,750 sq ft
5438 E Mercer Way, Mercer Island, WA 98040
Grace Yu • Realogics Sotheby's Int'l Rlty Windermere Real Estate/East
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Mercer Island housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Mercer Island.
Flood Factor - Moderate
7% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Mercer Island has a moderate risk of flooding. 342 properties in Mercer Island are likely to be
severely affected
by flooding over the next 30 years. This represents 7% of all properties in Mercer Island. Flood risk is increasing slower than the national average.
6% of properties are at risk of wildfire over the next 30 years
Fire Factor
Mercer Island has a moderate risk of wildfire. There are 483 properties in Mercer Island that have some risk of being affected by wildfire over the next 30 years. This represents 6% of all properties in Mercer Island.
Mercer Island has minimal risk of severe winds over the next 30 years
Wind Factor
Mercer Island has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.