The Downtown Mercer Island housing market is very competitive. The median sale price of a home in Downtown Mercer Island was $718K last month, up 15.7% since last year. The median sale price per square foot in Downtown Mercer Island is $554, up 10.8% since last year.
What is the housing market like in Downtown Mercer Island today?
In December 2024, Downtown Mercer Island home prices were up 15.7% compared to last year, selling for a median price of $718K. On average, homes in Downtown Mercer Island sell after 39 days on the market compared to 7 days last year. There were 6 homes sold in December this year, up from 3 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$717,500
+15.7% YoY | Dec 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Dec 2024
Growth
% YoY
Downtown Mercer Island, WA
$717,500
+15.7%
United States
To compare other locations to the Downtown 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.
How much is your home worth? Track your home’s value and compare it to nearby sales.
Work with the best agents in Downtown Mercer Island
Redfin agents are among the most experienced in the industry, so we know how to help you win in today's market.
How hot is the Downtown Mercer Island housing market?
Downtown Mercer Island is very competitive. Homes sell in 12 days.
0
100
78
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 12 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% above list price and go pending in around 12 days.
Hot homes
can sell for around list price and go pending in around 2 days.
Learn about schools in the Downtown Mercer Island area
Elementary
Middle
High
GreatSchools Rating
No elementary schools in this region.
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 Downtown Mercer Island housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Mercer Island.
Flood Factor - Major
13% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Mercer Island has a major risk of flooding. 11 properties in Downtown Mercer Island are likely to be
severely affected
by flooding over the next 30 years. This represents 13% of all properties in Downtown Mercer Island. Flood risk is increasing slower than the national average.
Downtown Mercer Island has minimal risk of severe winds over the next 30 years
Wind Factor
Downtown 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.
100% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Downtown Mercer Island has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Downtown Mercer Island have a Moderate Heat Factor®.
Downtown Mercer Island is expected to see a 114% increase in the number of days over 87ºF over the next 30 years. Downtown Mercer Island is expected to experience 7