What’s your home worth in Mercer Island (98040)?
Tell us your address and a real-estate expert who works in Mercer Island will send you a personal estimate based on recent sales near you, not an instant formula. Free, no obligation.
$2,212,672
Typical home value
as of September 2026
6,782
Homes tracked here
county records
62%
Owned 10+ years
of homes with sale records
1972
Typical year built
average across the zip
The Mercer Island market, in plain terms.
Mercer Island sits firmly in the upper tier of the Seattle-area market. At these prices, small differences like a view, a remodel, or a corner lot swing a sale price by six figures. That's why we don't hand you a formula's guess: a local professional compares your home to what actually closed nearby.
Homes here were typically built around 1972. That's a mix of established homes and later remodels. What a formula can't see is which homes have been updated, and that's often the difference between an average price and a strong one.
62% of homes in 98040with sale records have been owned for a decade or more. That means fewer homes hit the market, and when one does, buyers pay attention. If you’ve owned yours for a while, its value has likely moved a long way from what you paid.
There’s no cost and no obligation. Enter your address above and a licensed professional who works in Bellevue, Kirkland, Redmond, and the surrounding Eastside will email you a personal estimate.
Nearby areas
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Or browse every area we cover on the home value page.