Fri Jul 10 2020
This week the median list price for Mercer Island, WA is $2,488,500 with the market action index hovering around 37. This is less than last month's market action index of 39. Inventory has held steady at or around 64.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$2,488,500|
|Per Square Foot||$599|
|Days on Market||132|
|Slight Seller's Advantage|
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$5,374,000||5,225||0.5 - 1 acre||4||3||26||2||1||307|
|$2,991,500||4,987||0.25 - 0.5 acre||5||4||9||1||0||98|
|$1,875,000||3,600||0.25 - 0.5 acre||4||3||43||4||1||83|
|$1,341,500||2,905||0.25 - 0.5 acre||4||2||50||7||3||38|