The median sale price of a home sold in January 2017 in Mercer Island rose by $531,250 while total sales increased by 55.6%, according to BlockShopper.com.
In January 2017, there were 14 homes sold, with a median sale price of $1,496,250 – a 55.1% increase over the $965,000 median sale price for the same period of the previous year. There were nine homes sold in Mercer Island in January 2016.
The median sales tax in Mercer Island for the most recent year with available data, 2016, was $8,399, approximately 0.6% of the median home sale price for January 2017.
The following table compares Mercer Island to other King County cities with similar median sales prices in January 2017:
| City | Jan. 2017 Home Sales | Jan. 2016 Home Sales | % change (Total Home Sales) | Jan. 2017 Median Sales Price | Jan. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Yarrow Point | 1 | 4 | -75% | $3,200,000 | $2,550,000 | 25.5% |
| Clyde Hill | 2 | 1 | 100% | $2,465,000 | $2,165,000 | 13.9% |
| Ravensdale (unincorporated) | 2 | 0 | – | $2,049,000 | $0 | – |
| Medina | 4 | 0 | – | $2,010,000 | $0 | – |
| Mercer Island | 14 | 9 | 55.6% | $1,496,250 | $965,000 | 55.1% |
| Duvall (unincorporated) | 15 | 6 | 150% | $1,030,000 | $835,000 | 23.4% |
| Bellevue | 74 | 54 | 37% | $809,500 | $760,000 | 6.5% |
| Fall City (unincorporated) | 2 | 0 | – | $802,495 | $0 | – |
| Kirkland | 39 | 35 | 11.4% | $800,000 | $751,000 | 6.5% |
| Newcastle | 6 | 5 | 20% | $762,000 | $725,000 | 5.1% |
| Sammamish | 33 | 40 | -17.5% | $722,000 | $697,500 | 3.5% |
