Your Local Market Report

Mercer Island, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Mercer Island, WA

Mon Mar 25 2019
This week the median list price for Mercer Island, WA is $2,595,000 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has held steady at or around 81. Click here to stay informed with the Mercer Island market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Mercer Island, WA

Mon Mar 25 2019
This week the median list price for Mercer Island, WA is $2,595,000 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has held steady at or around 81. Click here to stay informed with the Mercer Island market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Real-Time Market Profile

Never miss important changes in the Mercer Island market.
Median List Price $2,595,000
Per Square Foot $651
Days on Market 127
Price Decreased 31%
Price Increased 0%
Relisted 5%
Inventory 81
Median House Rent $3,250
Most Expensive $18,888,000
Least Expensive $950,000
Market Action Index
Slight Seller's Advantage
33

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
$5,315,000 5,592 0.5 - 1 acre 5 4 17 0 0 303
$3,043,975 4,292 0.25 - 0.5 acre 5 4 1 1 0 84
$1,999,725 3,620 8,000 - 10,000 sqft 4 3 17 5 2 70
$1,298,000 2,500 0.25 - 0.5 acre 4 2 62 5 3 57