Wed Jan 22 2020
This week the median list price for Mercer Island, WA is $2,624,980 with the market action index hovering around 37. This is an increase over last month's market action index of 36. Inventory has held steady at or around 41.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$2,624,980|
|Per Square Foot||$663|
|Days on Market||255|
|Slight Seller's Advantage|
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|
|$6,274,000||5,344||0.5 - 1 acre||5||4||21||0||0||462|
|$3,147,500||4,525||0.25 - 0.5 acre||5||3||10||2||0||179|
|$2,158,500||4,124||0.25 - 0.5 acre||4||3||41||0||0||168|
|$1,689,000||3,182||0.25 - 0.5 acre||4||2||48||0||0||214|