In April 2020, there were nine homes sold, with a median sale price of $1,310,000 - a 24.5% decrease over the $1,735,000 median sale price for the same period of the previous year. There were 12 homes sold in Mercer Island in April 2019.
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 April 2020.
The following table compares Mercer Island to other King County cities with similar median sale prices in April 2020:
| City | Apr. 2020 Home Sales | Apr. 2019 Home Sales | % change (Total Home Sales) | Apr. 2020 Median Sales Price | Apr. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Yarrow Point | 1 | 1 | 0% | $8,007,375 | $2,978,000 | 168.9% |
| Clyde Hill | 2 | 3 | -33.3% | $3,374,000 | $3,250,000 | 3.8% |
| Medina | 2 | 2 | 0% | $2,562,500 | $2,200,000 | 16.5% |
| Mercer Island | 9 | 12 | -25% | $1,310,000 | $1,735,000 | -24.5% |
| Duvall (unincorporated) | 11 | 7 | 57.1% | $1,182,000 | $1,070,000 | 10.5% |
| Kirkland | 14 | 29 | -51.7% | $1,059,000 | $996,000 | 6.3% |
| Bellevue | 30 | 77 | -61% | $1,027,500 | $1,200,000 | -14.4% |
| Newcastle | 7 | 8 | -12.5% | $1,000,000 | $716,250 | 39.6% |
| Sammamish | 44 | 67 | -34.3% | $991,500 | $945,000 | 4.9% |
| Snoqualmie | 8 | 19 | -57.9% | $972,500 | $729,000 | 33.4% |
| Fall City (unincorporated) | 3 | 7 | -57.1% | $950,000 | $680,000 | 39.7% |
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