Market Intelligence · WA / Mercer Island
Mercer Island, WA 98040 Housing Market
The typical home value in Mercer Island, WA 98040 is $2,293,587, down 1.5% over the past year. The median list price stands at $2,724,000, with homes spending a median of 43 days on market.
The median home value in Mercer Island, WA 98040 is $2.26M as of August 2026, down 0.8% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.
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Typical 98040 range
$2.08M to $2.44M
This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.
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12-month value trend
-0.8% over 12 months
Aug 2025$2.28M
Low $2.25MHigh $2.31M
Aug 2026$2.26M