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Mercer Island Market Trends

Today, November 27, 2009

Median Sales Price in Mercer Island

Embed Info
1 yr 5 yr Max
Mercer Island median sales prices
Number of sold homes in Mercer Island
No. BedroomsNov - Jan '09y-o-y3 months prior1 year prior5 years prior
1 bedroom-----
2 bedrooms--$695,000$435,000$247,500
3 bedrooms--$1,050,000$804,000$575,000
4 bedrooms$920,000-4.3%$932,500$961,775$606,616
All properties$920,000+3.4%$959,377$890,000$587,500
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Mercer Island Summary

The median sales price for homes in Mercer Island WA for Nov 08 to Jan 09 was $920,000. This represents a decline of 4.1%, or $39,377, compared to the prior quarter and an increase of 3.4% compared to the prior year. Sales prices have appreciated 56.6% over the last 5 years in Mercer Island.

The average listing price for Mercer Island homes for sale on Trulia was $2,477,529 for the week ending Nov 18, which represents an increase of 4.8%, or $114,062, compared to the prior week and an increase of 16.8%, or $357,070, compared to the week ending Oct 28. Average price per square foot for Mercer Island WA was $478, an increase of 6.9% compared to the same period last year.

 

Average Listing Price in Mercer Island

Embed Info
1 yr 5 yr Max
Mercer Island average property price
Mercer Island – number of properties
No. BedroomsWeek ending
Nov 18
w-o-wWeek ending
Nov 11
Week ending
Nov 4
Week ending
Oct 28
1 bedroom$243,355+5.1%$231,635$230,168$231,622
2 bedrooms$492,357+2.6%$479,886$461,707$453,182
3 bedrooms$988,117+3.7%$952,527$1,007,908$977,076
4 bedrooms$1,659,933+2.8%$1,614,584$1,621,593$1,552,208
All properties$2,477,529+4.8%$2,363,467$2,310,119$2,120,459
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Average Price Per Sqft for Homes in Mercer Island

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1 yr 5 yr Max
Mercer Island average price per square foot
No. BedroomsNov - Jan '09y-o-y3 months prior1 year prior5 years prior
1 bedroom-----
2 bedrooms--$559$357$193
3 bedrooms--$619$391$284
4 bedrooms$455+20.7%$398$377$264
All properties$478+6.9%$476$447$259
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Homes for Sale in Mercer Island

7912 East Mercer Way, Mercer Island WA
7912 E Mer…
$2,995,000
3 br  3 ½ ba
9380 Southeast 47th Street, Mercer Island WA
9380 SE 47…
$900,000
4 br  3 ½ ba
3065 70th Avenue SE, Mercer Island WA
3065 70th…
$930,000
3 br  2 ¼ ba
4518 91st Avenue SE, Mercer Island WA
4518 91st…
$858,000
4 br  2 ½ ba
4805 88th Avenue SE, Mercer Island WA
4805 88th…
$875,000
4 br  2 ½ ba
4205 94th Avenue SE, Mercer Island WA
4205 94th…
$749,550
5 br  3 ba
View all Mercer Island Homes for Sale
 
Stats & Trends
Mercer Island

Real Estate Overview

Market Trends

Home Prices Map

Community Info

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  • 98040
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Nearby Cities

Cities
Median
sales price
Average
listing price
Issaquah
$467,000
$590,617
Medina
$4,175,000
$3,504,890
Clyde Hill
$1,270,000
$2,248,772
Hunts Point
$1,241,500
$5,633,317
Yarrow Point
$1,075,000
$4,957,077
Bellevue
$485,000
$903,534

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About this Info
Average Listing Price for the most recent week available is based on daily list price data for resale and new homes on Trulia and is compared to the same period one week prior.

Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Average Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.

Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Median Sales Price is the price at which one half of the homes sold above that amount and one half of the homes sold below that amount. Median Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.

Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Average Price per Square Foot is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.