In October 2020, there were 20 homes sold, with a median sale price of $1,557,250 - a 4.4% increase over the $1,491,500 median sale price for the same period of the previous year. There were 12 homes sold in Mercer Island in October 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 October 2020.
The following table compares Mercer Island to other King County cities with similar median sale prices in October 2020:
| City | Oct. 2020 Home Sales | Oct. 2019 Home Sales | % change (Total Home Sales) | Oct. 2020 Median Sales Price | Oct. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Medina | 6 | 3 | 100% | $3,767,500 | $3,200,000 | 17.7% |
| Beaux Arts Village | 1 | 0 | - | $3,350,000 | $0 | - |
| Clyde Hill | 5 | 5 | 0% | $2,410,000 | $2,160,000 | 11.6% |
| Fenton (unincorporated) | 1 | 0 | - | $1,900,000 | $0 | - |
| Mercer Island | 20 | 12 | 66.7% | $1,557,250 | $1,491,500 | 4.4% |
| Kirkland | 38 | 27 | 40.7% | $1,350,000 | $800,000 | 68.8% |
| Sammamish (unincorporated) | 1 | 1 | 0% | $1,260,000 | $995,000 | 26.6% |
| Ravensdale (unincorporated) | 8 | 3 | 166.7% | $1,145,000 | $965,000 | 18.7% |
| Bellevue | 104 | 40 | 160% | $1,125,000 | $1,008,000 | 11.6% |
| Sammamish | 64 | 32 | 100% | $1,110,000.50 | $885,000 | 25.4% |
| Duvall (unincorporated) | 9 | 10 | -10% | $1,040,000 | $1,004,950 | 3.5% |
Alerts Sign-up