In June 2020, there were 29 homes sold, with a median sale price of $1,700,000 - a 4.9% decrease over the $1,787,500 median sale price for the same period of the previous year. There were 30 homes sold in Mercer Island in June 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 June 2020.
The following table compares Mercer Island to other King County cities with similar median sale prices in June 2020:
| City | June 2020 Home Sales | June 2019 Home Sales | % change (Total Home Sales) | June 2020 Median Sales Price | June 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Medina | 9 | 1 | 800% | $4,200,000 | $5,400,000 | -22.2% |
| Clyde Hill | 2 | 5 | -60% | $2,412,500 | $3,650,000 | -33.9% |
| Mercer Island | 29 | 30 | -3.3% | $1,700,000 | $1,787,500 | -4.9% |
| Fenton (unincorporated) | 2 | 0 | - | $1,580,000 | $0 | - |
| Fall City (unincorporated) | 2 | 7 | -71.4% | $1,531,500 | $799,950 | 91.4% |
| Black Diamond (unincorporated) | 1 | 0 | - | $1,367,465 | $0 | - |
| Sammamish (unincorporated) | 1 | 2 | -50% | $1,200,000 | $1,748,500 | -31.4% |
| Bellevue | 63 | 49 | 28.6% | $1,165,000 | $1,220,000 | -4.5% |
| Woodinville (unincorporated) | 12 | 14 | -14.3% | $1,162,500 | $877,475 | 32.5% |
| Kirkland | 37 | 33 | 12.1% | $1,136,500 | $1,150,000 | -1.2% |
| Issaquah | 15 | 22 | -31.8% | $1,100,000 | $917,500 | 19.9% |
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