Active Listings
109
⇧ 7.9% vs 101 last year
Beaumont (North Mercer) · East Seattle · East Seattle (Eastside) · First Hill · Fortuna · McGilvara (North End) · Mercer Heights · Mercerwood · Mid-Island · Pioneer Park · Roanoke · South End (Southend) · The Lakes
Data as of September 2026. Source: Realtor.com.
The MERCER ISLAND, WA real estate market (98040) currently shows 109 active listings, with 24 pending sales. Homes are averaging 44 days on the market before going under contract.
Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice.
Homes are selling faster, averaging 44 days on market compared to 46 days last year.
The median listing price has fallen 10.9% year-over-year, from $3,082,250 to $2,746,500.
Population: 25,464 · Density: 1,540.4/mi² · Median household income: $190,985
Typical home value: $1,677,460 · Homeownership: 68.0%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 98040 | Mercer Island, WA 98040 | 0.0 mi | 43 | $219,186,824 | $3,441,250 | $5,097,368 |
| 98144 | Seattle, WA 98144 | 3.1 mi | 98 | $76,830,628 | $744,250 | $783,986 |
| 98006 | Bellevue, WA 98006 | 3.9 mi | 90 | $200,159,550 | $1,924,500 | $2,223,995 |
| 98056 | Renton, WA 98056 | 4.2 mi | 94 | $118,999,958 | $1,067,970 | $1,265,957 |
| 98005 | Bellevue, WA 98005 | 4.5 mi | 57 | $102,543,228 | $1,372,500 | $1,799,004 |
| 98178 | Seattle, WA 98178 | 4.7 mi | 75 | $66,495,750 | $744,475 | $886,610 |
| 98112 | Seattle, WA 98112 | 5.3 mi | 77 | $260,784,986 | $1,185,750 | $3,386,818 |
| 98164 | Seattle, WA 98164 | 5.4 mi | 8 | $5,525,368 | $673,225 | $690,671 |
| 98106 | Seattle, WA 98106 | 5.9 mi | 71 | $56,760,595 | $741,212 | $799,445 |
| 98168 | Seattle, WA 98168 | 6.2 mi | 68 | $43,674,156 | $608,500 | $642,267 |
| 98102 | Seattle, WA 98102 | 6.5 mi | 91 | $101,324,496 | $812,450 | $1,113,456 |
| 98126 | Seattle, WA 98126 | 6.8 mi | 54 | $36,449,514 | $645,000 | $674,991 |
| 98105 | Seattle, WA 98105 | 7.0 mi | 91 | $158,393,144 | $967,450 | $1,740,584 |
As of September 2026, there are 109 active listings in MERCER ISLAND, WA (zip code 98040), compared to 101 the prior year.
The median listing price in MERCER ISLAND, WA 98040 is $2,746,500 as of September 2026, a 10.9% decrease from $3,082,250 the prior year.
Homes in MERCER ISLAND, WA 98040 spend an average of 44 days on the market before going under contract, compared to 46 days the prior year.
Based on current inventory and days-on-market data as of September 2026, MERCER ISLAND, WA 98040 is currently a Balanced Market. Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice. Homes are selling faster, averaging 44 days on market compared to 46 days last year.
With SELL123.com's maximum 3% commission, sellers in MERCER ISLAND, WA 98040 save an estimated $54,930 compared to a typical 5% commission on the median listing price of $2,746,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.