Mon Nov 23 2020
This week the median list price for Mercer Island, WA is $2,495,000 with the market action index hovering around 69. This is an increase over last month's market action index of 67. Inventory has held steady at or around 19.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$2,495,000|
|Per Square Foot||$681|
|Days on Market||234|
|Strong Seller's Market|
The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$5,339,999||6,595||0.5 - 1 acre||5||5||26||0||2||726|
|$2,998,000||4,500||0.25 - 0.5 acre||5||4||0||0||1||144|
|$2,150,000||3,140||0.25 - 0.5 acre||4||3||50||1||2||60|
|$1,250,000||2,550||0.25 - 0.5 acre||4||3||59||1||1||105|