Active Listings
81
⇧ 15.7% vs 70 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 April 2026. Source: Realtor.com.
The MERCER ISLAND, WA real estate market (98040) currently shows 81 active listings, with 23 pending sales. Homes are averaging 25 days on the market before going under contract.
Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 25 days on market compared to 23 days last year.
The median listing price has risen 7.2% year-over-year, from $2,950,000 to $3,161,938.
Whether you are buying or selling in MERCER ISLAND, WA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.
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 April 2026, there are 81 active listings in MERCER ISLAND, WA (zip code 98040), compared to 70 the prior year.
The median listing price in MERCER ISLAND, WA 98040 is $3,161,938 as of April 2026, a 7.2% increase from $2,950,000 the prior year.
Homes in MERCER ISLAND, WA 98040 spend an average of 25 days on the market before going under contract, compared to 23 days the prior year.
Based on current inventory and days-on-market data as of April 2026, MERCER ISLAND, WA 98040 is currently a Buyer's Market. Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 25 days on market compared to 23 days last year.
With SELL123.com's maximum 3% commission, sellers in MERCER ISLAND, WA 98040 save an estimated $63,239 compared to a typical 5% commission on the median listing price of $3,161,938. 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.