Your Local Market Report

Mercer Island, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Mercer Island, WA

Mon Nov 19 2018
This week the median list price for Mercer Island, WA is $2,350,000 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has held steady at or around 73. 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

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Mercer Island, WA

Mon Nov 19 2018
This week the median list price for Mercer Island, WA is $2,350,000 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has held steady at or around 73. 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

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the Mercer Island market.
Median List Price $2,350,000
Per Square Foot $645
Days on Market 120
Price Decreased 42%
Price Increased 0%
Relisted 12%
Inventory 73
Median House Rent $2,650
Most Expensive $18,888,000
Least Expensive $799,950
Market Action Index
Slight Seller's Advantage
32

Despite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there’s a portion of the market being priced at a premium. You can investigate this condition in the quartile details.

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
$6,590,000 5,462 0.5 - 1 acre 4 4 16 0 3 276
$2,724,500 4,263 0.25 - 0.5 acre 5 3 10 0 2 67
$1,999,849 3,445 0.25 - 0.5 acre 4 3 19 2 2 75
$1,250,000 2,500 0.25 - 0.5 acre 4 2 55 1 3 64