In July 2020, there were 20 homes sold, with a median sale price of $1,687,000 - a 9.1% decrease over the $1,855,000 median sale price for the same period of the previous year. There were 15 homes sold in Mercer Island in July 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 July 2020.
The following table compares Mercer Island to other King County cities with similar median sale prices in July 2020:
| City | July 2020 Home Sales | July 2019 Home Sales | % change (Total Home Sales) | July 2020 Median Sales Price | July 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Medina | 4 | 4 | 0% | $4,049,000 | $2,700,000 | 50% |
| Clyde Hill | 4 | 1 | 300% | $2,162,500 | $2,755,000 | -21.5% |
| Sammamish (unincorporated) | 1 | 1 | 0% | $1,750,000 | $1,165,000 | 50.2% |
| Mercer Island | 20 | 15 | 33.3% | $1,687,000 | $1,855,000 | -9.1% |
| Black Diamond (unincorporated) | 1 | 0 | - | $1,374,999 | $0 | - |
| Yarrow Point | 1 | 0 | - | $1,355,000 | $0 | - |
| Duvall (unincorporated) | 6 | 4 | 50% | $1,275,000 | $999,975 | 27.5% |
| Kirkland | 46 | 28 | 64.3% | $1,267,500 | $1,184,500 | 7% |
| Bellevue | 72 | 60 | 20% | $1,186,500.50 | $1,157,500 | 2.5% |
| Bellevue (unincorporated) | 5 | 3 | 66.7% | $1,090,000 | $730,000 | 49.3% |
| Sammamish | 60 | 44 | 36.4% | $1,065,000 | $959,000 | 11.1% |
Alerts Sign-up