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Mercer Island, WA real estate

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Agent Pronto analyzes transaction data, agent specialties, and client reviews to handpick the best agents in your area. Updated for June 2026. *


* Sales data is calculated based on transaction information available to Agent Pronto at the time of publishing and may not accurately reflect all transactions for a given agent.

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Mercer Island real estate Market Report.

Information and statistics on the latest trends in the Mercer Island real estate market. *

Latest Rolling 3-Month Snapshot

Feb 1, 2026 - Apr 30, 2026

Median sale price
$2.4M
+9.5% from Q1 '26
Median list price
$2.6M
+5.3% from Q1 '26
Active listings
127
+32% from Q1 '26
Homes sold
45
+25% from Q1 '26
New pendings
64
+39% from Q1 '26
New listings
102
+38% from Q1 '26

Quarterly Pricing Trends for Mercer Island

Rolling three-month data ending on quarter boundaries when available.

Quarterly Pricing Trends for Mercer Island Q2 '21 Q2 '22 Q2 '23 Q2 '24 Q2 '25 Q1 '26 Median sale price in Apr 2021 - Jun 2021: $1.9M Median sale price in Jul 2021 - Sep 2021: $2.2M Median sale price in Oct 2021 - Dec 2021: $2M Median sale price in Jan 2022 - Mar 2022: $2.4M Median sale price in Apr 2022 - Jun 2022: $2.5M Median sale price in Jul 2022 - Sep 2022: $2.3M Median sale price in Oct 2022 - Dec 2022: $2.2M Median sale price in Jan 2023 - Mar 2023: $2.1M Median sale price in Apr 2023 - Jun 2023: $2.1M Median sale price in Jul 2023 - Sep 2023: $2.2M Median sale price in Oct 2023 - Dec 2023: $2M Median sale price in Jan 2024 - Mar 2024: $2.3M Median sale price in Apr 2024 - Jun 2024: $2.6M Median sale price in Jul 2024 - Sep 2024: $2.3M Median sale price in Oct 2024 - Dec 2024: $2.1M Median sale price in Jan 2025 - Mar 2025: $2.5M Median sale price in Apr 2025 - Jun 2025: $2.5M Median sale price in Jul 2025 - Sep 2025: $2.3M Median sale price in Oct 2025 - Dec 2025: $2.3M Median sale price in Jan 2026 - Mar 2026: $2.1M Median list price in Apr 2021 - Jun 2021: $1.8M Median list price in Jul 2021 - Sep 2021: $2M Median list price in Oct 2021 - Dec 2021: $1.8M Median list price in Jan 2022 - Mar 2022: $2.1M Median list price in Apr 2022 - Jun 2022: $2.3M Median list price in Jul 2022 - Sep 2022: $2.4M Median list price in Oct 2022 - Dec 2022: $2.3M Median list price in Jan 2023 - Mar 2023: $2.2M Median list price in Apr 2023 - Jun 2023: $2.1M Median list price in Jul 2023 - Sep 2023: $2.4M Median list price in Oct 2023 - Dec 2023: $2.1M Median list price in Jan 2024 - Mar 2024: $2.3M Median list price in Apr 2024 - Jun 2024: $2.5M Median list price in Jul 2024 - Sep 2024: $2.1M Median list price in Oct 2024 - Dec 2024: $2.4M Median list price in Jan 2025 - Mar 2025: $2.8M Median list price in Apr 2025 - Jun 2025: $2.5M Median list price in Jul 2025 - Sep 2025: $2.5M Median list price in Oct 2025 - Dec 2025: $1.9M Median list price in Jan 2026 - Mar 2026: $2.4M Apr 2021 - Jun 2021 Median sale price $1.9M Median list price $1.8M Jul 2021 - Sep 2021 Median sale price $2.2M Median list price $2M Oct 2021 - Dec 2021 Median sale price $2M Median list price $1.8M Jan 2022 - Mar 2022 Median sale price $2.4M Median list price $2.1M Apr 2022 - Jun 2022 Median sale price $2.5M Median list price $2.3M Jul 2022 - Sep 2022 Median sale price $2.3M Median list price $2.4M Oct 2022 - Dec 2022 Median sale price $2.2M Median list price $2.3M Jan 2023 - Mar 2023 Median sale price $2.1M Median list price $2.2M Apr 2023 - Jun 2023 Median sale price $2.1M Median list price $2.1M Jul 2023 - Sep 2023 Median sale price $2.2M Median list price $2.4M Oct 2023 - Dec 2023 Median sale price $2M Median list price $2.1M Jan 2024 - Mar 2024 Median sale price $2.3M Median list price $2.3M Apr 2024 - Jun 2024 Median sale price $2.6M Median list price $2.5M Jul 2024 - Sep 2024 Median sale price $2.3M Median list price $2.1M Oct 2024 - Dec 2024 Median sale price $2.1M Median list price $2.4M Jan 2025 - Mar 2025 Median sale price $2.5M Median list price $2.8M Apr 2025 - Jun 2025 Median sale price $2.5M Median list price $2.5M Jul 2025 - Sep 2025 Median sale price $2.3M Median list price $2.5M Oct 2025 - Dec 2025 Median sale price $2.3M Median list price $1.9M Jan 2026 - Mar 2026 Median sale price $2.1M Median list price $2.4M
Median sale price
Median list price
* Data provided by Redfin, a national real estate brokerage.
20
Seller’s Market
Seller’s Market
Buyer’s Market
0
25
50
75
100

Market gauge is calculated using active listings and pending sales from the most recently available reporting period (Feb 2026 - Apr 2026).

Year over year, Mercer Island’s rolling three-month figures show softer prices and shifting conditions. The typical home value is down roughly 9% from a year ago, while the share of homes selling above list has fallen by about 13%, indicating buyers have gained some leverage.

In the latest rolling three-month period ending in April 2026, pricing has firmed up recently even as it sits below last year’s levels. Median list prices are up around 4% from a year ago and the typical home value is about $2.35 million, with homes still achieving an average sale-to-list ratio near 99%.

Inventory and pace tell a story of a cooler but still active seller-leaning market. Months of supply has climbed nearly 48% year over year to 3.6, and homes now take a median of 6 days to go under contract, slower than last year but still quick by historical standards, while Mercer Island is classified as a seller’s market overall. Buyers navigating these evolving dynamics and sellers aiming to price and time their listings well can both benefit from Agent Pronto’s help in finding an experienced local agent.



Learn more about what Mercer Island has to offer.

Mercer Island offers residents a scenic, family-friendly community with top-rated schools, abundant parks and lakefront recreation, and a safe, close-knit atmosphere.

Mercer Island sits in the middle of Lake Washington, offering quick access to both Seattle and Bellevue via I‑90 and light rail, while maintaining a quieter, residential feel. The city is known for its top rated Mercer Island School District and well maintained neighborhoods with a mix of waterfront homes, mid century properties, and newer construction.

Daily life is highly walkable around Mercer Island Town Center, where you will find grocery options, local services, and dining. Popular spots like Mercer Island Thrift Shop and Homegrown add convenience and character. Outdoor enthusiasts appreciate Luther Burbank Park with its beach, dog park, tennis courts, and lake views, as well as wooded trails in Pioneer Park.

Commuters benefit from the Mercer Island Station light rail connection into downtown Seattle and the Eastside, while local streets remain relatively calm. Community resources such as the Mercer Island Community & Event Center and Mercer Island Library support classes, events, and everyday errands.

Whether you already call Mercer Island home or are weighing a move from nearby Seattle or Bellevue, working with a knowledgeable local agent can simplify choices about schools, commute routes, and neighborhood fit. Agent Pronto connects buyers and sellers with experienced Mercer Island agents who understand the market and help reduce the stress of each step.

Find your Mercer Island real estate agent today →


Trusted by over 500,000 buyers and sellers.

See why so many people rely on Agent Pronto to make their real estate journey a success.

“We had an incredible experience working with Bill. He came highly recommended by our lender, and he exceeded our expectations from day one. Bill even took our very first call while he was away on vacation, showing his dedication right from the start. Throughout the home-buying process, he was incredibly accommodating of our busy work schedules whenever we needed to view properties. His communication was flawless, keeping us informed and reassured every step of the way. We highly recommend Bill to any friends, family, or anyone looking to buy a home!”

Garcia · Auburn, WA

Photo of Jordan Real Estate Group
CENTURY 21 Real Estate Center
“Selling this home was one of the biggest and most emotional transitions of our lives. It wasn’t just a house, it was my childhood home, filled with decades of family memories, and Marv understood that from day one. This sale involved far more than simply listing a property. There were improvements, contractors, inspections, negotiations, title questions, and countless moving pieces leading up to closing. Throughout it all, Marv remained steady, responsive, and focused on solutions whenever challenges arose. What we appreciated most was his ability to balance professionalism with genuine care. During moments when the process felt overwhelming or emotional, he helped us stay focused on the bigger picture and guided us with patience and experience. By the end, we didn’t just feel like we had successfully sold our home, we felt supported through an important life transition. We are deeply grateful for everything Marv did and would recommend him without hesitation.”

Zachary Schumpert · Monroe, WA

Photo of Marv Nicholson
eXp Realty
“Lian was an amazing realtor! What a great find! We are moving to Seattle from Baltimore, and we were able to easily connect with Lian and trusted him from the start. All of our showings had to be on FaceTime, and Lian did a wonderful job showing us everything he could from 3,000 miles away! We fell in love with a house, he helped us through the closing process, and we had confidence in him every step of the way. We will absolutely use Lian again if we move, but since he helped us find such a perfect house, we hopefully won't need to! I would absolutely recommend Lian to anyone!”

Elanor West · Seattle, WA

Photo of Lian Chavda
Century 21 North Homes Realty
“Tanner was exactly what anyone should look for in an Agent. Timely, responsive, knowledgeable and most importantly honest. He will never guide homebuyers in the wrong direction. He cares about his clients, and his actions always show it. 10/10 would recommend Tanner to anyone and everyone”

JD Lee · Bonney Lake, WA

Photo of Tanner Morris
John L. Scott Real Estate
“Edward was great at communication and staying on top of things to ensure quick and smooth transaction. I would highly recommend him if you are looking for an honest, trustworthy and experienced real estate agent.”

Daniel · Easton, WA

Photo of Ed Laine
eXp Realty, LLC
“We just celebrated our first month since closing on our condo in Point Ruston, WA. Nikki was instrumental and amazing to work with throughout the entire purchase process - and somehow made the whole experience smooth and seamless. She was quick to respond to our many emails/texts and always answered our calls. Additionally, she made it a priority to give us frequent updates while working through the underwriting process and really worked hard to get us answers quickly to the many questions we had as they came up. I highly recommend Nikki for anyone wanting to work with a realtor who is professional, clearly cares about representing her clients, and will go above and beyond to help them through the entire home buying process.”

Alexander O. · Tacoma, WA

Photo of Nikki Nand
RE/MAX Northwest
“As first-time home buyers, Andrey made sure we were well taken care of. He was very informative and communicative through every step of the way and continues to be. We will definitely use Andrey in our journeys to come! Highly recommend.”

Evelyn T. · Duncanville, TX

Photo of Andrey Gulchuk
Real Broker LLC
“Mark was an excellent realtor! Professional, courteous and hands on! He went above and beyond to sell my house!!”

George M. · SeaTac, WA

Photo of Mark  Powers
RE/MAX Integrity
“Constantly kept me informed, answered questions, made helpful recommendations, assisted me with problems when I was not able to be there, and made adjustments to help me close. Highly recommend Agent Pronto and Rebecca Del Pozo! ”

Roy & Marie G. · Lacey, WA

Photo of Rebecca  Del Pozo
Keller Williams Keller Wiliams Realty
“Celeste did a wonderful job in this transaction to WIN the deal. There were 10+ buyers on this property -- and we WON the deal. Celeste is the Best !”

Chad Storey · Kirkland, WA

Photo of Celeste Zarling
Century 21 Northwest
“Chris Cross was great in getting our home ready to sell. Communication was good, especially since were were across the country.”

Kari B. · Seattle, WA

Photo of Chris Cross
Keller Williams Realty Bellevue
“Yuliana, was extremely knowledgable and understanding of what we wanted and what we wanted to spend. Her knowledge of the real estate process was exceptional making the stressful process so much easier. They are a great team handling all questions and concerns we had efficiently and with genuine concern. That's something you really dont find in people anymore is someone who has genuine concern for you. Thanks for helping and guiding us through this. God Bless!”

Billy Welch · Puyallup, WA

Photo of The Bond Team
RSVP Real Estate

Frequently Asked Questions

There are more than 2 million real estate agents across the U.S., and you want to be sure the one you partner with is an experienced and trustworthy professional with strong local expertise covering the housing market in and around Mercer Island. Working with a proven agent will help you sell your home faster and for more money, and help you find your dream home at the best possible price.


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