Your Local Market Report

Mercer Island, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Mercer Island, WA

Tue Mar 02 2021
This week the median list price for Mercer Island, WA is $2,999,500 with the market action index hovering around 62. This is an increase over last month's market action index of 60. Inventory has held steady at or around 13. 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.

Strong Seller's Market

The market has begun to heat up in recent weeks. We’re already in a Seller’s market and not surprisingly prices are showing evidence of moving up along with the lower levels of inventory.

Mercer Island, WA

Tue Mar 02 2021
This week the median list price for Mercer Island, WA is $2,999,500 with the market action index hovering around 62. This is an increase over last month's market action index of 60. Inventory has held steady at or around 13. 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.

Strong Seller's Market

The market has begun to heat up in recent weeks. We’re already in a Seller’s market and not surprisingly prices are showing evidence of moving up along with the lower levels of inventory.

Real-Time Market Profile

Never miss important changes in the Mercer Island market.
Median List Price $2,999,500
Per Square Foot $745
Days on Market 35
Price Decreased 15%
Price Increased 0%
Relisted 15%
Inventory 13
Median Rent $8,000
Most Expensive $17,800,000
Least Expensive $1,485,000
Market Action 62
Strong Seller's Market

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
$6,280,000 5,000 1 - 2.5 acres 5 3 25 0 0 364
$3,300,000 4,611 0.25 - 0.5 acre 5 3 31 0 1 28
$2,998,000 4,019 0.25 - 0.5 acre 4 4 24 1 1 28
$2,172,500 3,350 0.25 - 0.5 acre 3 2 52 2 3 17