Fri Apr 03 2020
This week the median list price for Mercer Island, WA is $2,375,000 with the market action index hovering around 47. This is an increase over last month's market action index of 44. Inventory has held steady at or around 47.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$2,375,000|
|Per Square Foot||$633|
|Days on Market||135|
|Strong Seller's Market|
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||4,993||0.5 - 1 acre||5||3||24||1||1||422|
|$3,199,000||5,045||0.25 - 0.5 acre||5||4||9||3||0||46|
|$1,897,475||4,045||0.25 - 0.5 acre||4||3||36||2||2||77|
|$1,422,500||3,030||0.25 - 0.5 acre||4||2||52||8||5||16|