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Short Sale Listings in Mercer Island, WA

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Mercer Island, WA Foreclosures

How much do homes sell for in Mercer Island, WA?
The average home price is currently $2,714,667.
In Mercer Island, WA, how many homes are available?
There are currently 3 active home listings available in Mercer Island.
What’s the average rental cost in Mercer Island, WA?
The average rental price in Mercer Island is $3,775.
What is the most expensive home in Mercer Island?
The most expensive home sold in Mercer Island had a price of $132,076,244.
What is currently the cheapest priced home in Mercer Island, WA?
The cheapest home for sale in Mercer Island is priced at $228,400.

Living in Mercer Island, WA

Mercer Island is a picturesque suburban community located on Lake Washington, known for its scenic beauty and affluent lifestyle. The island is characterized by lush parks, highly-rated schools, and a friendly atmosphere, making it an ideal location for families and professionals. With easy access to Seattle and Bellevue, residents enjoy both tranquility and urban conveniences.

Current Market Conditions in Mercer Island, WA

The Mercer Island real estate market remains strong, characterized by high demand and limited inventory. Homes in this area tend to appreciate steadily due to the desirable location and quality of life, attracting buyers from the greater Seattle area.

Current trends in Mercer Island indicate a competitive market, with homes selling quickly. Buyers are seeking properties that reflect the community’s charm and closeness to nature, which further emphasizes the need for updated, well-maintained homes.

Home Value Estimator For Mercer Island, WA

There are currently 8,245 real estate properties in Mercer Island, WA, with a median automated valuation model (AVM) price of $2,272,583.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Mercer Island, WA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Mercer Island, WA, is $2,714,667.00, with the most expensive house in Mercer Island, WA, topping out at $132,076,244.00 and the cheapest home in Mercer Island, WA, clocking in at $228,400.00. In other words, there’s something for every potential homebuyer or savvy investor in Mercer Island, WA!

Rent Prices In Mercer Island, WA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Mercer Island, WA, is on a rollercoaster ride. The average rent price in Mercer Island, WA, is $3,775.00. Indeed, when looking to rent in Mercer Island, WA, you can expect to pay as little as $1,340.00 or as much as $6,860.00, with the average rent median estimated to be $3,800.00. The good news is that finding an affordable and desirable property to rent in Mercer Island, WA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Mercer Island, WA Short Sale Listings

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