Your Local Market Report

Mercer Island, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Mercer Island, WA

Thu Nov 14 2019
This week the median list price for Mercer Island, WA is $2,249,950 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has held steady at or around 75. Click here to stay informed with the Mercer Island market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Mercer Island, WA

Thu Nov 14 2019
This week the median list price for Mercer Island, WA is $2,249,950 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has held steady at or around 75. Click here to stay informed with the Mercer Island market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Mercer Island market.
Median List Price $2,249,950
Per Square Foot $600
Days on Market 149
Price Decreased 53%
Price Increased 0%
Relisted 19%
Inventory 75
Median Rent $2,823
Most Expensive $18,888,000
Least Expensive $925,000
Market Action 35
Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$4,430,000 4,960 0.25 - 0.5 acre 5 4 21 2 1 247
$2,798,000 4,448 0.25 - 0.5 acre 4 3 13 0 0 145
$1,998,000 4,002 0.25 - 0.5 acre 4 3 22 0 3 132
$1,349,999 3,070 0.25 - 0.5 acre 4 2 45 2 3 77