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Mercer Island, 98040 Market Trends

Today, November 24, 2009

Median Sales Price in 98040

Embed Info
1 yr 5 yr Max
98040, Mercer Island median sales prices
Number of sold homes in 98040, Mercer Island
LocationNov - Jan '09y-o-y3 months prior1 year prior5 years prior
98040$920,000+3.4%$959,377$890,000$587,500
Mercer Island$920,000+3.4%$959,377$890,000$587,500
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Mercer Island, 98040 Summary

The median sales price for homes in ZIP code 98040 for Nov 08 to Jan 09 was $920,000. This represents a decline of 4.1%, or $39,377, compared to the prior quarter and an increase of 3.4% compared to the prior year. Sales prices have appreciated 56.6% over the last 5 years in 98040, Mercer Island.

Average listing price for homes on Trulia in ZIP code 98040 was $2,477,529 for the week ending Nov 18, which represents an increase of 4.8%, or $114,062 compared to the prior week and an increase of 16.8%, or $357,070, compared to the week ending Oct 28. Average price per square foot for homes in 98040 was $478 in the most recent quarter.

 

Average Listing Price in 98040

Embed Info
1 yr 5 yr Max
98040, Mercer Island average property price
98040, Mercer Island – number of properties
LocationWeek ending
Nov 18
w-o-wWeek ending
Nov 11
Week ending
Nov 4
Week ending
Oct 28
98040$2,477,529+4.8%$2,363,467$2,310,119$2,120,459
Mercer Island$2,477,529+4.8%$2,363,467$2,310,119$2,120,459
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Average Price Per Sqft for Homes in 98040

Embed Info
1 yr 5 yr Max
98040, Mercer Island average price per square foot
LocationNov - Jan '09y-o-y3 months prior1 year prior5 years prior
98040$478+6.9%$476$447$259
Mercer Island$478+6.9%$476$447$259
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Popular Zips in Mercer Island

Zips Week ending
Nov 18
w-o-w Week ending
Nov 11
Week ending
Nov 4
98040 1 — 1 1
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Homes for Sale in 98040

2949 81st Place Southeast, Mercer Island WA
2949 81st…
$889,000
2 br  2 ½ ba
4205 94th Avenue SE, Mercer Island WA
4205 94th…
$749,550
5 br  3 ba
9380 Southeast 47th Street, Mercer Island WA
9380 SE 47…
$900,000
4 br  3 ½ ba
4518 91st Avenue SE, Mercer Island WA
4518 91st…
$858,000
4 br  2 ½ ba
3065 70th Avenue SE, Mercer Island WA
3065 70th…
$930,000
3 br  2 ¼ ba
7912 East Mercer Way, Mercer Island WA
7912 E Mer…
$2,995,000
3 br  3 ½ ba
View all 98040 Homes for Sale
 
Stats & Trends
98040, Mercer Island

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Mercer Island

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Nearby Cities

Cities
Median
sales price
Average
listing price
Issaquah
$467,000
$590,617
Medina
$4,175,000
$3,504,890
Clyde Hill
$1,270,000
$2,248,772
Hunts Point
$1,241,500
$5,633,317
Yarrow Point
$1,075,000
$4,957,077
Bellevue
$485,000
$903,534
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Advice

Recent Q&A in Mercer Island, WA

Q: what's the best way to get started in considering buying a foreclosure? Looking at Mercer Isl Wa 6 answers
Q: where can i get cool doorknobs? 3 answers
Q: Does anyone know if and when the track at Mercer Island High is open to the public? 2 answers
Q: What can I usually expect a HOA for a condo to include? 9 answers
Q: Should price per sq foot be less for a Condo than a House? 1 answer

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More Advice:
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98040 Stats & Trends

  • 98040 Real Estate Overview
  • Mercer Island Schools
  • Mercer Island Community Info
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Our real estate market trends page gives you a valuable overview of the Mercer Island real estate market. Find Mercer Island properties, sales statistics, real estate price trends, and real estate market activity. Find detailed information on Mercer Island average and median listing prices, home value trends, and average price per square feet information for single family homes, condos, and other property types. Real estate market data is segmented by the number of bedrooms and Mercer Island housing statistics are available for each Mercer Island, WA neighborhood.
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About this Info
Average Listing Price for the most recent week available is based on daily list price data for resale and new homes on Trulia and is compared to the same period one week prior.

Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Average Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.

Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Median Sales Price is the price at which one half of the homes sold above that amount and one half of the homes sold below that amount. Median Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.

Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Average Price per Square Foot is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.