June 30, 2022 — Mercer Island real estate market at a glance:

  • 36 houses, 6 condos and 3 parcels are for sale in Mercer Island today.
  • $2,671,750 is the median asking price for a single family home for sale.
  • 3,504 SQFT is the median size of a single family home for sale.
  • $762/SQFT is the median asking price per square foot for a single family home for sale.
  • 4 new homes in Mercer Island are for sale today.
  • There are 1.76 months of residential housing supply. This indicates a severe seller's market with upward pressure on pricing.
    Calculation: 42 houses and condos for sale divided by 23.8 sales per month which is the trailing six month average.

Homes for Sale in Mercer Island, WA

All (36)
$8,298,000 House For Sale 0 days
  • 6 bed 5.25 bath 5,810 SQFT Built 2018
  • 7464 E Mercer Way Mercer Island WA 98040
  • Brilliant M.I. Modern Waterfront! Custom-built (2018) & recently transformed into a c...  Details »
  • NWMLS #1955561. Kelly Weisfield, COMPASS
$4,200,000 House Listed Yesterday!
  • 6 bed 4 bath 4,050 SQFT Built 2021
  • 4503 90th Ave SE Mercer Island WA 98040
  • This lightly lived and meticulously crafted modern farmhouse was built by renowned bu...  Details »
  • NWMLS #1959346. David Eastern, Windermere Real Estate/East
$2,811,385 House Listed Yesterday!
  • 4 bed 2.5 bath 3,280 SQFT Built 1975
  • Seller requested address remain private.
  • The panoramic Lake View and Mount Rainier view takes your breath away as you step int...  Details »
  • NWMLS #1959516. Ariv Adiaman, Whisper Real Estate
$795,000 Condo For Sale 13 days
  • 3 bed 1.75 bath 1,440 SQFT Built 1968
  • 2929 76th Ave SE Unit 501D Mercer Island WA 98040
  • Gorgeous home with views of downtown Bellevue, Lake Washington, The Cascades and Mt...  Details »
  • NWMLS #1953012. Ryan D. Muse, Keller Williams Realty PS
  • 3 bed 2 bath 1,837 SQFT Built 2009
  • 7800 SE 27th St Unit 403 Mercer Island WA 98040
  • Welcome to where Italy meets Mercer Island in this one of a kind unit in a solid conc...  Details »
  • NWMLS #1945760. Liz Petrillo, Windermere Real Estate Midtown
  • 3 bed 2 bath 1,433 SQFT Built 1981
  • 2940 76th Ave SE Unit B104 Mercer Island WA 98040
  • Look no further! Enjoy comfort & style + premier Mercer Island location in this updat...  Details »
  • NWMLS #1948283. Nicole M. Barclay, Windermere Bellevue Commons
$6,450,000 House For Sale 15 days
  • 5 bed 5.75 bath 6,430 SQFT Built 2022
  • 4634 E Mercer Way Mercer Island WA 98040
    Builder: Four Season Homes, LLC
  • Distinct cutting edge design and uncompromised attention to detail meet the sophistic...  Details »
  • NWMLS #1952936. Vlad Popach, COMPASS
$4,350,000 House For Sale 33 days
  • 5 bed 4 bath 4,209 SQFT Built 2023
  • 7910 SE 72nd Pl Mercer Island WA 98040
    Builder: Altin Group
  • **PRESALE** The 4th of 6 homes in the Cayson Fields enclave is an elevated yet unpret...  Details »
  • NWMLS #1941914. Michele Schuler, Realogics Sotheby's Int'l Rlty
$4,385,000 House For Sale 43 days
  • 4 bed 3.25 bath 3,318 SQFT Built 2023
  • 9026 SE 61st St Mercer Island WA 98040
    Builder: RKK Construction
  • A pre-sale opportunity with RKK Construction! A custom home built by artisans who de...  Details »
  • NWMLS #1932591. Lori Holden Scott, John L. Scott, Inc.
Today's Market at a Glance
June 30, 2022
Active
36 Houses 6 Condos 3 Parcels
For Sale Stats
$2,671,750
3,504 sqft
$762/sqft
Median values from the 36 single family homes for sale in Mercer Island WA.
Closing Stats
$2,611,457
3,290 sqft
$794/sqft
Median values for the 120 single family Mercer Island homes closed in the last 6 months.
Plus
4
New Homes
10% of the residential market
1.76
Months of Supply
This indicates a severe seller's market with upward pressure on pricing.
  • Homes closed May 2022: 28 28% from May 2021 (39).
  • $2,611,457 was the median sale price of single family houses closed in the last 6 months.
  • 3,290 SQFT was the median size of single family houses closed in the last 6 months.
  • $794/SQFT was the median price per square foot for single family homes closed in the last 6 months.
    Closed house price and size is computed by median 120 single family Mercer Island homes closed in the last six months.
  • 29 residential closings have occurred in the last thirty days.
    Houses (23) · Condos (6)

Mercer Island, WA Real Estate Agent

Have specific questions and want help from an friendly area expect? Contact Rob today!

John L. Scott

I'm interested in seeing and potentially buying in Mercer Island, now what?

It's time to talk to a real estate agent about the properties you're most interested in. We recommend you contact Rob Condiotty, the Landcast team member covering Mercer Island, WA.

Are there more homes for sale in Mercer Island than shown on this page?

All MLS listed homes for sale in Mercer Island, WA are on Landcast.

We sometimes know of off-market homes or new homes being built by home builders that aren't currently listed, to help find these unlisted homes for sale in Mercer Island, we recommend you contact Rob Condiotty.

Where does Landcast get information about Mercer Island?

Information about the listed homes for sale in Mercer Island generally comes from the MLS. Information about neighborhoods in Mercer Island, condos in Mercer Island, and new homes in Mercer Island, comes from the MLS, our research staff, public data, area home builders and from contributions from our users.