Rising home prices in Mercer Island in April

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The median sale price of a home sold in April in Mercer Island rose by $305,000 while total sales increased by 35.3 percent, according to BlockShopper.com.

In April, there were 23 homes sold, with a median sale price of $2,725,000 - a 12.6 percent increase over the $2,420,000 median sale price for the same period of the previous year. There were 17 homes sold in Mercer Island in April 2021.

The median sales tax in Mercer Island for the most recent year with available data, 2016, was $8,399, approximately 0.3 percent of the median home sale price for April.

The following table compares Mercer Island to other King County cities with similar median sale prices in April:

CityApril 2022 Home SalesApril 2021 Home Sales% change (Total Home Sales)April 2022 Median Sales PriceApril 2021 Median Sales Price% change (Median Sales Price)
Yarrow Point110$7,633,000$3,606,000111.7
Medina3250$5,300,000$4,350,00021.8
Hunts Point110$4,300,000$5,000,000-14
Clyde Hill5366.7$3,710,000$2,700,00037.4
Sammamish (unincorporated)20-$3,587,500$0-
Mercer Island231735.3$2,725,000$2,420,00012.6
Duvall (unincorporated)141127.3$2,000,000$1,615,50023.8
Bellevue5682-31.7$1,946,500$1,430,00036.1
Kirkland3044-31.8$1,940,000$1,600,00021.3
Newcastle813-38.5$1,880,000$1,363,00037.9
Sammamish5878-25.6$1,859,000$1,416,00031.3

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