Your Local Market Report

Mercer Island, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Mercer Island, WA

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

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Mercer Island, WA

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

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Mercer Island market.
Median List Price $2,475,000
Per Square Foot $670
Days on Market 152
Price Decreased 31%
Price Increased 0%
Relisted 3%
Inventory 59
Median House Rent $3,998
Most Expensive $18,888,000
Least Expensive $799,950
Market Action Index
Slight Seller's Advantage
32

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
$7,490,000 5,813 0.5 - 1 acre 4 4 18 0 0 374
$2,899,950 4,384 0.25 - 0.5 acre 5 4 1 1 0 72
$1,995,000 3,390 0.25 - 0.5 acre 5 3 20 0 3 110
$1,230,000 1,900 0.25 - 0.5 acre 3 2 60 0 1 65