In March 2020, there were 18 homes sold, with a median sale price of $1,765,500 - a 35.8% increase over the $1,300,000 median sale price for the same period of the previous year. There were 17 homes sold in Mercer Island in March 2019.
The median sales tax in Mercer Island for the most recent year with available data, 2016, was $8,399, approximately 0.5% of the median home sale price for March 2020.
The following table compares Mercer Island to other King County cities with similar median sales prices in March 2020:
| City | Mar. 2020 Home Sales | Mar. 2019 Home Sales | % change (Total Home Sales) | Mar. 2020 Median Sales Price | Mar. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Yarrow Point | 2 | 1 | 100% | $3,770,000 | $8,650,000 | -56.4% |
| Medina | 5 | 4 | 25% | $3,550,000 | $4,285,000 | -17.2% |
| Fall City (unincorporated) | 1 | 1 | 0% | $3,100,000 | $629,300 | 392.6% |
| Clyde Hill | 3 | 4 | -25% | $2,600,000 | $2,617,091.50 | -0.7% |
| Lea Hill (unincorporated) | 1 | 1 | 0% | $1,800,000 | $425,000 | 323.5% |
| Mercer Island | 18 | 17 | 5.9% | $1,765,500 | $1,300,000 | 35.8% |
| Bellevue | 46 | 57 | -19.3% | $1,384,500 | $1,000,000 | 38.5% |
| Kirkland | 24 | 18 | 33.3% | $1,335,250 | $931,000 | 43.4% |
| Black Diamond (unincorporated) | 1 | 0 | - | $1,053,000 | $0 | - |
| Sammamish | 26 | 34 | -23.5% | $969,000 | $827,500 | 17.1% |
| Issaquah | 12 | 14 | -14.3% | $953,750 | $867,000 | 10% |
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