Mercer Island, WA—98040
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$2,234,000
0.3% YoY Growth
Household Income
$202,000
42.1% YoY Growth
Days on Market
97
3.0% Longer YoY
Home Price Forecast
0.3%
Median Rent
$4,200
1.6% YoY Growth
1-Bed Rent
$2,000
4.0% YoY Growth
2-Bed Rent
$3,200
27.3% YoY Growth
3-Bed Rent
$5,500
10.9% YoY Growth
Home Price Trends — Mercer Island, WA
As of Dec '25, the median home price in Mercer Island, WA is $2,234,000, with a year-over-year change of -0.3%. This indicates that home prices in Mercer Island, WA are flat. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $2,234,000 | -0.3% |
| Single Family | $2,355,000 | -0.5% |
| Condos | $618,000 | -3.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |