The Parkwood-Mercer Firs housing market is most competitive. The median sale price of a home in Parkwood-Mercer Firs was $2.3M last month, down 15.2% since last year. The median sale price per square foot in Parkwood-Mercer Firs is $752, up 3.4% since last year.
What is the housing market like in Parkwood-Mercer Firs today?
In May 2025, Parkwood-Mercer Firs home prices were down 15.2% compared to last year, selling for a median price of $2.3M.
$2.95M
Sale Price
+5.4% since last year
$752
Sale $/Sq. Ft.
+3.4% since last year
Over List Price
4.5%
Days on Market
6
Down Payment
56.0%
Total Homes Sold
5
To compare other locations to the Parkwood-Mercer Firs 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 Parkwood-Mercer Firs housing market?
Parkwood-Mercer Firs is most competitive. Homes sell in 6 days.
0
100
91
Most 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
Most homes get multiple offers, often with waived contingencies.
The average homes sell for about 4% above list price and go pending in around 6 days.
Hot homes
can sell for about 9% above list price and go pending in around 4 days.
Learn about schools in the Parkwood-Mercer Firs area
Elementary
Middle
High
GreatSchools Rating
9/10
Island Park Elementary School
Public • K-5
380
Students
12 reviews
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 Parkwood-Mercer Firs housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Parkwood-Mercer Firs.
Flood Factor - Minor
9% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Parkwood-Mercer Firs has a minor risk of flooding. 31 properties in Parkwood-Mercer Firs are likely to be
severely affected
by flooding over the next 30 years. This represents 9% of all properties in Parkwood-Mercer Firs. Flood risk is increasing faster than the national average.
7% of properties are at risk of wildfire over the next 30 years
Fire Factor
Parkwood-Mercer Firs has a moderate risk of wildfire. There are 59 properties in Parkwood-Mercer Firs that have some risk of being affected by wildfire over the next 30 years. This represents 7% of all properties in Parkwood-Mercer Firs.
Parkwood-Mercer Firs has minimal risk of severe winds over the next 30 years
Wind Factor
Parkwood-Mercer Firs has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
76% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Parkwood-Mercer Firs has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 76% of homes in Parkwood-Mercer Firs have a Moderate Heat Factor®.
Parkwood-Mercer Firs is expected to see a 114% increase in the number of days over 87ºF over the next 30 years. Parkwood-Mercer Firs is expected to experience 7