Mercer Island homes for sale
Find Mercer Island homes with island-specific strategy.
RexMont helps buyers search Mercer Island homes from $1.5M to $15M+, balancing shoreline, views, Mercer Island School District, ZIP 98040, 2 Line light rail, and access between Seattle and Bellevue.
Page author
Adriano Tori
Designated Broker, Founder & CEO — RexMont Real Estate · WA Lic. #27660
Adriano leads RexMont Real Estate — the most-reviewed real estate brokerage in Seattle and the Eastside. 1,200+ closed transactions, $1B+ in production, and 1,241 five-star Google reviews.
As of September 2026, the median listing price in Mercer Island is $2.45M ($789 per square foot), and homes are averaging 39 days on market.
Stats updated September 2026· refreshed monthly and reviewed by RexMont's brokerage team.
Methodology & data sources
Market statistics on this page — median listing price, price per square foot, and days on market — are computed from active residential listings in Mercer Island, WA, sourced from RentCast, a licensed real-estate data provider aggregating MLS records and county public records. Figures refresh the first week of every month (current data: September 2026) and are reviewed by RexMont Real Estate's brokerage team (WA firm license #21220). Individual property listings shown on this page come from the live NWMLS feed. Historical figures are not restated after publication.
Journalists: monthly figures for 46 Puget Sound cities are available on a citable, dated page for each market. For custom cuts, methodology questions, or to receive the monthly refresh, contact adriano@rexmont.com. Please attribute "RexMont Real Estate market report" with a link to this page.
Market context
Mercer Island buyers compare lifestyle, access, and scarcity at once.
Mercer Island sits between Seattle and Bellevue, which makes it a distinctive alternative to both urban convenience and suburban Eastside neighborhoods. Buyers often compare travel patterns, school preferences, privacy, and neighborhood feel before comparing finishes.
Inventory can be thin, and properties vary widely by topography, bridge access, shoreline, views, and remodel scope. A $1.5M search behaves very differently from a waterfront or new-construction search in the $8M to $15M+ range.
The 2 Line light rail adds a regional mobility variable, but property-by-property value still depends on the island basics: site quality, neighborhood position, schools, condition, and the strength of competing buyer demand.
Coverage
Service area at a glance
RexMont represents buyers and sellers across these Seattle and Eastside markets. Click any city for the full local guide.
Bellevue, WA
ZIPs: 98004 · 98005 · 98006 · 98007 · 98008
Schools: Bellevue SD
Medina, WA
ZIP: 98039
Schools: Bellevue SD
Clyde Hill, WA
ZIP: 98004
Schools: Bellevue SD
Mercer Island, WA
ZIP: 98040
Schools: Mercer Island SD
Kirkland, WA
ZIPs: 98033 · 98034
Schools: Lake Washington SD
Redmond, WA
ZIPs: 98052 · 98053
Schools: Lake Washington SD
Sammamish, WA
ZIPs: 98074 · 98075
Schools: Lake Washington / Issaquah SD
Issaquah, WA
ZIPs: 98027 · 98029
Schools: Issaquah SD
Newcastle, WA
ZIPs: 98056 · 98059
Schools: Renton SD
Woodinville, WA
ZIPs: 98072 · 98077
Schools: Northshore SD
Kenmore, WA
ZIP: 98028
Schools: Northshore SD
Seattle, WA
ZIPs: 98101 · 98109 · 98112 · 98115 · 98118
Schools: Seattle Public Schools
For Mercer Island buyers
Compare neighborhoods, bridge access, schools, views, waterfront, and pricing with a search plan tailored to the island rather than generic Eastside averages.
Start an island searchFor Mercer Island sellers
Position your home around the right buyer pool, from Seattle relocations to Eastside move-up buyers seeking schools, space, and island privacy.
Request seller strategyLive NWMLS data
Active homes for sale in Mercer Island
The latest active NWMLS listings in Mercer Island, refreshed hourly.
- Median price
- $2.45M
- Median $/sqft
- $789
- Avg days on market
- 39
- Listings for sale
- 91+
ActiveNew today$2,999,988
MLS# 25787279426 Se 52nd Street
Mercer Island, WA 98040
5 bd3.5 ba4,760 sqftListing courtesy of Windermere Real Estate/East
Active4 days on market$549,000
MLS# 25766550 88th
Mercer Island, WA 98155
0 bd0 baListing courtesy of Steel Realty Group, LLC
Active4 days on market$2,350,000
MLS# 25759103515 72nd Avenue Se
Mercer Island, WA 98040
4 bd2.75 ba3,240 sqftListing courtesy of Coldwell Banker Bain
Active4 days on market$2,850,000
MLS# 25770316924 96th Avenue Se
Mercer Island, WA 98040
5 bd3.5 ba3,900 sqftListing courtesy of John L. Scott, Inc.
Active3 days on market$3,395,000
MLS# 25770307560 86th Avenue Se
Mercer Island, WA 98040
4 bd3.5 ba4,380 sqftListing courtesy of John L. Scott, Inc.
Active3 days on market$7,650,000
MLS# 25771908279 W Mercer Way
Mercer Island, WA 98040
6 bd5.5 ba6,670 sqftListing courtesy of MY International Real Estate
Active5 days on market$2,200,000
MLS# 25735718410 Se 47th Place
Mercer Island, WA 98040
4 bd2.5 ba3,200 sqftListing courtesy of Windermere Real Estate/East
Active6 days on market$550,000
MLS# 2575768Address withheld
Mercer Island, WA 98040
0 bd0 baListing courtesy of Keller Williams Realty PS
Active2 days on market$4,250,000
MLS# 25764109221 Se 46th Street
Mercer Island, WA 98040
4 bd3.5 ba4,310 sqftListing courtesy of COMPASS
Active1 day on market$1,720,000
MLS# 25569848218 Se 36th Street
Mercer Island, WA 98040
3 bd1.75 ba2,153 sqftListing courtesy of Coldwell Banker Bain
Active6 days on market$17,900,000
MLS# 25761165330 Butterworth Road
Mercer Island, WA 98040
5 bd4.75 ba7,840 sqftListing courtesy of Windermere Real Estate/East
Active2 days on market$2,100,000
MLS# 25734887921 E Mercer Way
Mercer Island, WA 98040
4 bd2.25 ba3,120 sqftListing courtesy of Windermere Real Estate/East
Active4 days on market$3,785,000
MLS# 25748554715 81st Avenue Se
Mercer Island, WA 98040
4 bd4.5 ba4,440 sqftListing courtesy of John L. Scott, Inc.
Active5 days on market$409,000
MLS# 25743383055 80th Avenue Se #107
Mercer Island, WA 98040
2 bd1 baListing courtesy of Coldwell Banker Bain
Active3 days on market$5,586,000
MLS# 25745543410 W Mercer Way
Mercer Island, WA 98040
5 bd5.5 ba6,140 sqftListing courtesy of Windermere Bellevue Commons
Active11 days on market$649,000
MLS# 25682343218 80th Avenue Se #6
Mercer Island, WA 98040
2 bd1.75 baListing courtesy of Coldwell Banker Danforth
Active4 days on market$1,895,000
MLS# 25739082434 73rd Avenue Se
Mercer Island, WA 98040
3 bd1.75 ba1,400 sqftListing courtesy of John L. Scott, Inc.
Active3 days on market$3,250,000
MLS# 25724848340 Avalon Drive
Mercer Island, WA 98040
5 bd3 ba3,050 sqftListing courtesy of Windermere Bellevue Commons
Active3 days on market$6,880,000
MLS# 25724984102 100th Avenue Se
Mercer Island, WA 98040
5 bd4.25 ba5,535 sqftListing courtesy of Windermere Real Estate/East
Active3 days on market$3,550,000
MLS# 25704352227 77th Avenue Se
Mercer Island, WA 98040
5 bd5.5 ba4,901 sqftListing courtesy of The Agency Seattle/Eastside
Active3 days on market$2,399,000
MLS# 25717069360 Mercerwood Drive
Mercer Island, WA 98040
5 bd3 ba3,660 sqftListing courtesy of Realogics Sotheby's Int'l Rlty
Active4 days on market$3,380,000
MLS# 25718308144 W Mercer Way
Mercer Island, WA 98040
4 bd4.25 ba4,362 sqftListing courtesy of We Lakeside
Active2 days on market$1,875,000
MLS# 25618937520 86th Avenue Se
Mercer Island, WA 98040
4 bd2.5 ba2,530 sqftListing courtesy of John L. Scott, Inc.
Active12 days on market$2,195,000
MLS# 25633829726 Se 40th Street
Mercer Island, WA 98040
3 bd2.25 ba2,880 sqftListing courtesy of John L. Scott Woodinville
All 91 homes as a list
- 2965 74th Avenue Se · $4,500,000
- 4889 Forest Avenue Se · $3,650,000
- 8430 Se 45th Street · $1,799,500
- 8817 Se 44th Street · $1,625,000
- 9950 Se 39th Street · $3,195,000
- 5919 77th Avenue Se · $3,295,000
- 7432 E Mercer Wy · $2,598,000
- 3427 72nd Place Se · $4,250,000
- 5212 W Mercer Place · $1,800,000
- 9418 Se 33rd Street · $6,495,000
- 7639 Se 29th Street · $1,215,000
- 6952 96th Avenue Se · $6,900,000
- 4215 Island Crest Way · $1,695,000
- 3621 81st Avenue Se · $1,998,000
- 2212 77th Avenue Se · $4,600,000
- 2500 81st Avenue Se #351 · $395,000
- 8430 Se 53rd Place · $3,350,000
- 4725 W Mercer Way · $3,500,000
- 6560 81st Avenue Se · $1,750,000
- 7445 Se 71st Street · $12,000,000
- 9226 Se 60th Street · $2,450,000
- 8431 Se 39th Street · $3,147,000
- 4429 E Mercer Way · $1,560,000
- 6427 E Mercer Way · $4,995,000
- 6427 E Mercer Way · $1,600,000
- 4739 Fernridge Lane · $2,375,000
- 2444 72nd Avenue Se · $1,695,000
- 8001 West Mercer Street · $3,500,000
- 3021 70th Avenue Se · $2,600,000
- 7549 Se 29th Street #103 · $849,900
- 7066 92nd Avenue Se · $2,399,000
- 5 Lindley Road · $2,675,000
- 9116 Se 72nd Place · $1,995,000
- 4835 Forest Avenue Se · $5,000,000
- 9433 Se 54th Street · $998,000
- 2500 81st Avenue Se #329 · $369,000
- 8114 W Mercer Way · $750,000
- 7712 89th Place Se · $3,995,000
- 9412 Se 33rd Street · $1,850,000
- 9412 Se 33rd Street · $1,850,000
- 4336 E Mercer Way · $2,199,000
- 4024 85th Avenue Se · $4,399,995
- 9210 Parkwood Ridge Road · $1,839,000
- 7235 87th Avenue Se · $2,195,000
- 3745 88th Avenue Se · $3,799,000
- 6333 77th Avenue Se · $19,500,000
- Address withheld · Mercer Island · $9,950,000
- 5709 80th Avenue Se · $1,685,000
- 9818 Se 42nd Place · $5,665,000
- 4041 W Mercer Way · $13,995,000
- 18 Holly Lane · $7,499,988
- 5222 Forest Avenue Se · $3,548,000
- 7703 W Mercer Way · $6,250,000
- 6418 E Mercer Way · $2,050,000
- 7600 Se 29th St #311 · $580,000
- 2939 76th Avenue Se #41b · $295,000
- 8233 W Mercer Way · $24,000,000
- 2500 81st Avenue Se #118 · $399,950
- 73 Xx Se 38th Street · $825,000
- 8526 E Mercer Way · $1,799,500
- 7220 North Mercer Way · $6,200,000
- 7220 N Mercer Way · $6,200,000
- Address withheld · Mercer Island · $28,000,000
- 8260 Avalon Drive · $9,590,000
- 7254 N Mercer Way · $6,995,000
- 0 Xx23 91 St Avenue Se · $379,950
- 0 Xxx 91st Avenue Se · $279,950
Listing data courtesy of NWMLS. Provided for the consumer's personal, non-commercial use. Market stats reflect representative market data for Mercer Island; current listings and individual neighborhoods may vary.
Search all Mercer Island listings →Related markets
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Mercer Island agent
Island-specific buyer and seller representation.
Seattle homes
Compare city alternatives west of the island.
Bellevue homes
Compare Eastside homes east of the island.
Medina homes
Luxury and waterfront context north of Bellevue.
Eastside homes
Regional search strategy across Eastside markets.
Find an agent
Connect with the right RexMont advisor.
FAQ
Questions buyers and sellers ask first.
What makes Mercer Island real estate different?
Mercer Island is a residential island community between Seattle and Bellevue, so buyers weigh commute access, schools, shoreline, views, topography, and limited inventory together.
What price ranges are common on Mercer Island?
Many searches range from about $1.5M for entry and move-up homes to $15M+ for waterfront, view, new construction, and estate properties.
Does the 2 Line light rail affect Mercer Island buyers?
The 2 Line adds another regional access consideration, especially for buyers comparing Seattle, Bellevue, and Eastside commute patterns.
Which school district serves Mercer Island?
Mercer Island homes are served by Mercer Island School District, though buyers should verify individual school assignments for each address.
What ZIP code covers Mercer Island?
Mercer Island is primarily ZIP 98040, a key search filter for buyers focused on the island community.
Search Mercer Island with the island in mind.
RexMont helps you understand the tradeoffs before you tour, write, price, or negotiate in ZIP 98040.
Talk with RexMont