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.
By property type
The headline figures above blend every active residential listing in Mercer Island. Single-family, condo, and townhouse markets move differently, so the breakdown below is what to quote when comparing one property type across cities.
| Property type | Median list price | Price / sq ft | Days on market | Active listings |
|---|---|---|---|---|
| Single-family | $2.68M | $819 | 34 | 110 |
| Condo | $550K | $516 | 46 | 13 |
Active listings is the sample size behind each row. Same source and refresh date as the headline figures.
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 47 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
- 95+
Active2 days active · 102 cumulative$3,450,000
MLS# 25875324889 Forest Avenue Se
Mercer Island, WA 98040
5 bd3.25 ba4,910 sqftListing courtesy of COMPASS
ActiveNew today$880,000
MLS# 25851623206 80th Avenue Se #3
Mercer Island, WA 98040
3 bd1.75 baListing courtesy of Realogics Sotheby's Int'l Rlty
Active3 days active · 17 cumulative$1,850,000
MLS# 25871444057 96th Avenue Se
Mercer Island, WA 98040
4 bd3.5 ba2,140 sqftListing courtesy of Realogics Sotheby's Int'l Rlty
Active3 days active · 3 cumulative$900,000
MLS# 25871607800 Se 27th Street #206
Mercer Island, WA 98040
2 bd2 baListing courtesy of Windermere Real Estate/East
Active4 days active · 76 cumulative$2,385,000
MLS# 25858625 Lindley Road
Mercer Island, WA 98040
5 bd1.75 ba3,350 sqftListing courtesy of COMPASS
Active6 days active · 6 cumulative$10,680,000
MLS# 25853558493 W Mercer Way
Mercer Island, WA 98040
5 bd4.75 ba5,370 sqftListing courtesy of COMPASS
Showing the 6 newest of 95 active homes for sale in Mercer Island, pulled directly from NWMLS and refreshed hourly. See all 95 Mercer Island homes for sale, each with photos, price history, and a per-listing mortgage estimate.
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
Compare nearby Eastside markets.
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.
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