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Mercer Island Real Estate Analysis

Mercer Island is a 13 square mile island in the middle of Lake Washington located to the east of Seattle and to the west of Bellevue.  It is connected to Seattle and Bellevue by the I-90 bridges and easy to access from both cities.  Mercer Island is the home to approximately 25,000 residents many of which commute to the business centers of Seattle and Bellevue.

mercer island

Mercer Island is one of the nation’s most affluent areas in the Unites States.  According to the IRS it is one of the 100 richest ZIP codes in the United States.  The luxury real estate market on Mercer Island is dominated by the over 800 waterfront properties.  While homes can sell for under $1 million especially condos on the island (many built during the 1960’s-70’s), the average home value of Mercer Island is over $1.6 million in 2020.

Mercer Island has one of the best school systems in the state.

Mercer Island Real Estate Listings

Active Listings in Mercer Island

8152 W Mercer Wy Mercer Island, WA 98040
Photo of 8152 W Mercer Wy, Mercer Island, WA 98040 (MLS # 1600919)
4 beds 4 baths 4,575 sqft $2,995,000
4709 E Mercer Wy Mercer Island, WA 98040
Photo of 4709 E Mercer Wy, Mercer Island, WA 98040 (MLS # 1606568)
4 beds 5 baths 3,079 sqft $1,849,950
6011 W Mercer Wy Mercer Island, WA 98040
Photo of 6011 W Mercer Wy, Mercer Island, WA 98040 (MLS # 1603355)
4 beds 5 baths 3,290 sqft $1,750,000
5824 W Mercer Wy Mercer Island, WA 98040
Photo of 5824 W Mercer Wy, Mercer Island, WA 98040 (MLS # 1604148)
4 beds 4 baths 2,870 sqft $1,398,000
2435 72nd Ave SE Mercer Island, WA 98040
Photo of 2435 72nd Ave SE, Mercer Island, WA 98040 (MLS # 1603867)
4 beds 3 baths 3,140 sqft $1,649,000
3818 E Mercer Wy Mercer Island, WA 98040
Photo of 3818 E Mercer Wy, Mercer Island, WA 98040 (MLS # 1603273)
3 beds 4 baths 3,016 sqft $2,397,000
6103 SE 22nd St Mercer Island, WA 98040
Photo of 6103 SE 22nd St, Mercer Island, WA 98040 (MLS # 1604330)
3 beds 3 baths 2,560 sqft $1,495,000
9000 SE 40th St Mercer Island, WA 98040
Photo of 9000 SE 40th St, Mercer Island, WA 98040 (MLS # 1604387)
3 beds 3 baths 2,060 sqft $1,050,000
8028 SE Mitchell St Mercer Island, WA 98040
Photo of 8028 SE Mitchell St, Mercer Island, WA 98040 (MLS # 1602704)
3 beds 3 baths 1,790 sqft $1,200,000
3200 81st Place SE, Unit A302 Mercer Island, WA 98040
Photo of 3200 81st Place SE, Unit A302, Mercer Island, WA 98040 (MLS # 1604097)
2 beds 2 baths 1,421 sqft $775,000

Sold Listings in Mercer Island

5652 E Mercer Mercer Island, WA 98040
4 beds 4 baths 4,817 sqft $5,338,000
8460 West Mercer Wy Mercer Island, WA 98040
5 beds 3 baths 3,360 sqft $1,775,000
6760 81st Ave SE Mercer Island, WA 98040
Photo of 6760 81st Ave SE, Mercer Island, WA 98040 (MLS # 1595842)
5 beds 3 baths 2,523 sqft $1,150,000
2500 81st Ave SE, Unit 124 Mercer Island, WA 98040
Photo of 2500 81st Ave SE, Unit 124, Mercer Island, WA 98040 (MLS # 1584853)
1 bed 1 bath 715 sqft $330,000
2760 76th Ave SE, Unit 702 Mercer Island, WA 98040
Photo of 2760 76th Ave SE, Unit 702, Mercer Island, WA 98040 (MLS # 1589713)
2 beds 2 baths 1,014 sqft $595,000
4020 91st Ave SE Mercer Island, WA 98040
Photo of 4020 91st Ave SE, Mercer Island, WA 98040 (MLS # 1589989)
4 beds 3 baths 3,160 sqft $1,550,000
7530 SE 71st St Mercer Island, WA 98040
Photo of 7530 SE 71st St, Mercer Island, WA 98040 (MLS # 1585119)
4 beds 3 baths 3,700 sqft $1,995,000
3212 80th Ave SE, Unit 3 Mercer Island, WA 98040
Photo of 3212 80th Ave SE, Unit 3, Mercer Island, WA 98040 (MLS # 1586254)
2 beds 2 baths 1,145 sqft $555,000
6250, W Mercer Way Mercer Island, WA 98040
Photo of 6250, W Mercer Way, Mercer Island, WA 98040 (MLS # 1582370)
4 beds 4 baths 3,530 sqft $1,600,000
4346 Island Crest Wy Mercer Island, WA 98040
Photo of 4346 Island Crest Wy, Mercer Island, WA 98040 (MLS # 1579223)
3 beds 3 baths 2,280 sqft $1,051,000

Walk Score for Mercer Island



Mercer Island School Data

Mercer Island School Districts

Mercer Island School District
K-8, 10-12
http://www.misd.wednet.edu

Mercer Island Schools

Island Park Elementary School
K-5, public
http://www.mercerislandschools.org/Domain/10
Lakeridge Elementary School
K-5, public
http://www.mercerislandschools.org/Domain/11
Mercer Island High School
10-12, public
http://www.mercerislandschools.org/Domain/8
Islander Middle School
6-8, public
http://www.mercerislandschools.org/Domain/9
West Mercer Elementary School
K-5, public
http://www.mercerislandschools.org/Domain/12
St. Monica School
PK-8, private
Northwest Yeshiva High School
9-12, private
http://www.nyhs.org/
Yellow Wood Academy
3-4, 6-7, 9-12, private
http://www.yellowwoodacademy.org
French American School of Puget Sound
PK-8, private
https://www.fasps.org/
American Academy
PK-12, private
The Privett Academy
6-12, private
http://privettacademy.org/
Northwest Yeshiva High School
9-12, private
Privett Academy
7-12, private
American Academy
1-12, private