Sell my house — North End Mercer Island
Sell your North End home with town-center expertise and Mercer Island's most trusted listing team.
RexMont helps North End homeowners price the island's most walkable and highest-turnover neighborhood accurately — from town-center condos to original homes facing the rebuild market — and reach the buyers paying for I-90 access and the walk to everything.
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 1,243 five-star Google reviews.
Selling in Mercer Island — the numbers
Updated
What a Mercer Island sale costs in Washington
The median asking price in Mercer Island is $2.39M (Stats updated October 2026) and Washington excise tax on a sale at that price is $54,313. Asking prices of homes currently listed, not closed sales.
Sell fast or list
What a quick cash sale and a listed sale each net at the Mercer Island median asking price
Same home, same October 2026 median asking price of $2,390,000, same mortgage payoff. The cash columns run the instant-offer range RexMont models, 5% and 15% below that asking price, as-is, with no commission and no prep; Washington REET, title and the payoff are still due.
- List on the open market
- $2,390,000 sale price
- $1,363,788
- Estimated net · baseline
- Cash offer 5% below asking
- $2,270,000 offer
- $1,382,188
- Estimated net · +$18,400 vs listing
- Cash offer 15% below asking
- $2,030,000 offer
- $1,149,988
- Estimated net · −$213,800 vs listing
The $232,200 between the two cash columns is what a written offer settles; a program fee or a repair credit deducted after inspection moves it further. Bring any offer you already hold: the review costs nothing and you keep every option, including taking the cash.
Compare a written cash offer against a broker-tested listing priceA modelling range RexMont uses until a written offer exists, not a quote from any buyer; program fees are not modelled. For context, Research summaries have placed the total cost of instant-offer programs to sellers at roughly 13–15% of the home’s value.
Washington REET tiers for a Mercer Island sale
| Portion of sale price | State REET |
|---|---|
| Up to $525,000 | 1.10% |
| $525,001 to $1,525,000 | 1.28% |
| $1,525,001 to $3,025,000 | 2.75% |
| Above $3,025,000 | 3.00% |
| King County local REET — on the full price | 0.50% |
Each rate applies only to the slice of the price inside its tier; the seller pays at closing. Breakpoints move to $551,000, $1,551,000 and $3,051,000 for closings on or after January 1, 2027; rates unchanged.
State schedule (2023–2026 schedule) per the Washington Department of Revenue, verified October 2026. Local rate per DOR’s local REET rate table, rates effective May 2026.
Worked example at the Mercer Island median
- Sale price (city median, rounded)
- $2,390,000
- Commission (5% total)
- −$119,500
- Washington REET (state + local)$42,363 state (2023–2026 schedule) + $11,950 local
- −$54,313
- Title and escrow
- −$2,400
- Pre-listing prep
- −$15,000
- Mortgage payoff (example: 35% of price)
- −$835,000
- Estimated net proceeds
- $1,363,788
Selling costs of $191,213 (8.0% of price), computed with the same function as the calculator below, on the 2023–2026 schedule. An estimate for planning, not a quote; your payoff, prep and title fees replace the example values.
Open the Mercer Island net-proceeds calculatorFigures reviewed by Adriano Tori, Designated Broker and Owner, RexMont Real Estate · WA Lic. #27660 · market figures updated , REET schedule per the Washington Department of Revenue.
Market context
The North End is the island's turnover engine — priced by walk and rebuild math.
The North End concentrates the island's liquidity: town-center condos, original mid-century homes, and new construction share the blocks closest to I-90, the park-and-ride, and the walkable core. Each product prices separately, and the walk itself — to town center, schools, and the commute — shows up in price block by block.
Original homes here face a live rebuild market: lot value sets a real floor, builder interest is worth testing, and pricing should model the as-is, refreshed, and lot-value paths explicitly before choosing a launch strategy.
Buyers range from downsizing islanders to off-island households buying the school system with the shortest possible commute. RexMont matches the launch to the pool the specific property actually attracts.
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
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FAQ
Questions buyers and sellers ask first.
What drives North End prices on Mercer Island?
Walk distance to the town center and I-90 access first, then product type — condos, original homes, and new construction price separately — with lot value setting a floor under originals via the rebuild market.
Should I test builder interest on an original North End home?
Usually yes — the rebuild market prices North End lots continuously, and that floor is a real benchmark. RexMont prices the as-is, refreshed, and lot-value paths so the choice is arithmetic.
Who buys on the North End?
Downsizing islanders who want the walk, off-island families buying the schools with the shortest commute, and builders sourcing lots. Each pool prices differently — the launch should target the right one.
How do North End condos sell best?
With the HOA package organized early — dues, reserves, minutes — and pricing against building-specific comps. Lenders and island buyers both read the documents before committing.
Can RexMont help me sell my North End home?
Yes. RexMont covers the full island including the North End and prepares a product-specific analysis — condo, original, or rebuild-candidate — with builder-interest testing where useful.
Sell your North End home with Seattle and the Eastside's most-reviewed brokerage.
RexMont brings neighborhood-specific pricing, preparation triage, and 1,243 Google five-star reviews to your North End listing.
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