Active Listings
96
⇩ 14.3% vs 112 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 June 2026. Source: Realtor.com.
The MERCER ISLAND, WA real estate market (98040) currently shows 96 active listings, with 23 pending sales. Homes are averaging 39 days on the market before going under contract.
Inventory has tightened compared to last year, with 16 fewer active listings — creating more competition among buyers.
Homes are taking longer to sell, averaging 39 days on market compared to 35 days last year.
The median listing price has risen 9.3% year-over-year, from $2,743,000 to $2,998,900.
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 June 2026, there are 96 active listings in MERCER ISLAND, WA (zip code 98040), compared to 112 the prior year.
The median listing price in MERCER ISLAND, WA 98040 is $2,998,900 as of June 2026, a 9.3% increase from $2,743,000 the prior year.
Homes in MERCER ISLAND, WA 98040 spend an average of 39 days on the market before going under contract, compared to 35 days the prior year.
Based on current inventory and days-on-market data as of June 2026, MERCER ISLAND, WA 98040 is currently a Balanced Market. Inventory has tightened compared to last year, with 16 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 39 days on market compared to 35 days last year.
With SELL123.com's maximum 3% commission, sellers in MERCER ISLAND, WA 98040 save an estimated $59,978 compared to a typical 5% commission on the median listing price of $2,998,900. 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.