Recent closed prices mean more when you look at the type and size of what actually sold.
If you are trying to decide how much confidence to place in recent Mercer Island, WA sales, I would look at sale quality before sale quantity. That is the better filter. Fourteen closings over the previous 30 days give useful evidence, but only when you understand what actually sold.
Over the previous 30 days, Mercer Island, WA had 14 closed sales with a typical closed price of $2,382,500. The typical price per square foot was $798, and the typical closed home size was 2,580 square feet, so the quality of the comparison matters more than the raw count alone.
That changes how I would advise the next step. I would study the composition of recent sales before trusting the headline numbers. In Mercer Island, WA, attached homes and detached homes, smaller properties and larger ones, can lead you toward very different conclusions if you blend them together.
Review recent sold homes by type first. Then sort by size and price per square foot before you decide whether a target price or offer still makes sense. Quality beats quantity here. That is the clearer path to a solid decision.
