Mercer Island, WA housing market

Context

Zillow's home value index puts the typical Mercer Island home at $2,258,055 as of August 2026, a 12-month move of -0.8%. Realtor.com's August 2026 listing data shows 87 homes on the market, 28 newly listed, and a median asking price of $2,724,000. The median listing spends 43 days on market, and 16.5% of active listings have reduced their asking price. These figures describe a softening market in which realistic pricing is what moves a home.