Your Local Market Report

Mercer Island, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Mercer Island, WA

Tue May 21 2019
This week the median list price for Mercer Island, WA is $2,046,500 with the market action index hovering around 37. This is an increase over last month's market action index of 35. Inventory has held steady at or around 86. Click here to stay informed with the Mercer Island market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

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

Tue May 21 2019
This week the median list price for Mercer Island, WA is $2,046,500 with the market action index hovering around 37. This is an increase over last month's market action index of 35. Inventory has held steady at or around 86. Click here to stay informed with the Mercer Island market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

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 $2,046,500
Per Square Foot $598
Days on Market 115
Price Decreased 45%
Price Increased 0%
Relisted 7%
Inventory 86
Median House Rent $3,250
Most Expensive $18,888,000
Least Expensive $270,000
Market Action Index
Slight Seller's Advantage
37

While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are coming more available and buyers are tending to get more home for their money.

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
$4,095,000 5,010 0.5 - 1 acre 5 4 13 2 2 280
$2,388,000 4,002 0.25 - 0.5 acre 5 3 15 1 3 83
$1,746,450 3,295 0.25 - 0.5 acre 4 3 45 5 4 63
$1,337,500 2,445 0.25 - 0.5 acre 4 2 55 3 2 42