All Home Types
Mercer Island, WA Housing Market
What is the housing market like in Mercer Island today?
In August 2023, Mercer Island home prices were up 7.6% compared to last year, selling for a median price of $2.3M. On average, homes in Mercer Island sell after 9 days on the market compared to 17 days last year. There were 27 homes sold in August this year, down from 30 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$2,340,000
+7.6% YoY | Aug 2023
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Aug 2023
Growth
% YoY
Mercer Island, WA
$2,340,000
+7.6%
United States
Mercer Island Migration & Relocation Trends
In Jun '23 - Aug '23, 19% of Mercer Island homebuyers searched to move out of Mercer Island, while 81% looked to stay within the metropolitan area.
- Across the nation, 4% of homebuyers searched to move into Mercer Island from outside metros.
- Louisville homebuyers searched to move into Mercer Island more than any other metro followed by San Francisco and Los Angeles.
Where are people moving to Mercer Island from?
- 81% of Mercer Island homebuyers searched to stay within the Mercer Island metropolitan area.
- Spokane was the most popular destination among Mercer Island homebuyers followed by Phoenix and Aberdeen.
Where are people from Mercer Island moving to?
Number of People Moving to Mercer Island
least
most
People are moving to Mercer Island from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Jun '23 - Aug '23 | ||
| 1 | 9,328 | ||
| 2 | 2,921 | ||
| 3 | 945 | ||
| 4 | 857 | ||
| 5 | 495 | ||
| 6 | 344 | ||
| 7 | 305 | ||
| 8 | 253 | ||
| 9 | 245 | ||
| 10 | 218 | ||
People are leaving Mercer Island for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Jun '23 - Aug '23 | ||
| 1 | 2,557 | ||
| 2 | 2,004 | ||
| 3 | 1,704 | ||
| 4 | 1,645 | ||
| 5 | 1,496 | ||
| 6 | 666 | ||
| 7 | 476 | ||
| 8 | 454 | ||
| 9 | 437 | ||
| 10 | 432 | ||
Methodology
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.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Mercer Island.
Risk Factor
Provided by First Street Foundation
Transportation in Mercer Island
Learn about the walkability, bikeability, and transit-friendliness of Mercer Island
Car-Dependent
Walk Score®
Some Transit
Transit Score®
Somewhat Bikeable
Bike Score®
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