The Mercer Island housing market is very competitive. Homes in Mercer Island receive 3 offers on average and sell in around 4 days. The median sale price of a home in Mercer Island was $2.5M last month, up 1.8% since last year. The median sale price per square foot in Mercer Island is $783, down 10.7% since last year.
What is the housing market like in Mercer Island today?
In May 2025, Mercer Island home prices were up 1.8% compared to last year, selling for a median price of $2.5M. On average, homes in Mercer Island sell after 4 days on the market compared to 6 days last year. There were 24 homes sold in May this year, down from 28 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$2,478,125
+1.8% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Mercer Island, WA
$2,478,125
+1.8%
United States
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How hot is the Mercer Island housing market?
Mercer Island is very competitive. Homes sell in 5 days.
0
100
89
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 5 days.
Hot homes
can sell for about 2% 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.
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.