Tue May 11 2021
This week the median list price for Mercer Island, WA is $2,698,000 with the market action index hovering around 87. This is an increase over last month's market action index of 78. Inventory has increased to 17.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$2,698,000|
|Median Price of New Listings||$2,180,000|
|Per Square Foot||$683|
|Average Days on Market||189|
|Median Days on Market||7|
|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|
|$9,269,000||6,217||0.5 - 1 acre||5||5||22||1||0||220|
|$3,199,494||4,305||0.25 - 0.5 acre||4||3||61||1||2||42|
|$2,180,000||4,329||0.25 - 0.5 acre||4||3||38||3||2||7|
|$1,698,000||2,680||0.25 - 0.5 acre||4||2||48||3||4||0|