Your Local Market Report

Mercer Island, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Mercer Island, WA

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. Click here to stay informed with the Mercer Island market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Mercer Island, WA

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. Click here to stay informed with the Mercer Island market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Mercer Island market.
Median List Price $2,495,000
Per Square Foot $681
Days on Market 234
Price Decreased 37%
Price Increased 0%
Relisted 5%
Inventory 19
Median Rent $3,250
Most Expensive $17,800,000
Least Expensive $1,025,000
Market Action 69
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.

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
$5,339,999 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