Name: Median List Price — ZIP 98040 All Residential, March 31, 2026
Creator: Range Ranger
Published: 2026-03-31
License: https://redfin.com/news/data-center

Question 1

What was the median list price in Mercer Island (98040)?

Accepted Answer

The median list price for All Residential homes in ZIP 98040 was $2,497,494 for the 90-day period ending 2026-03-31, based on Redfin data.

Question 2

What does the median list price in 98040 mean for sellers?

Accepted Answer

The median list price reflects what sellers of All Residential homes in ZIP 98040 are asking — not what homes are closing for. At $2,497,494, this is the midpoint of all asking prices in the 90-day period ending 2026-03-31. Half of sellers listed higher; half listed lower.

Question 3

How is the median list price in 98040 calculated?

Accepted Answer

The median list price for ZIP 98040 is derived from active and recently listed All Residential properties recorded over the 90-day period ending 2026-03-31. It is the midpoint value — not an average — across all asking prices in that period. Data source: Redfin.

Question 4

Is the median list price in 98040 higher or lower than last year?

Accepted Answer

The median list price in ZIP 98040 is down 9.2% compared to the same 90-day period one year ago, as of March 31, 2026.

Question 5

How does the median list price compare to the median sale price in 98040?

Accepted Answer

In ZIP 98040, the median list price was $2,497,494 and the median sale price was $2,149,975 for the 90-day period ending 2026-03-31. Sellers were asking a median of $347,519 above where buyers are closing.

Homes in 98040 listed at a median of $2,497,494, down 9.2% from last year.