Your Local Market Report

Mercer Island, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Mercer Island, WA

Fri Jul 10 2020
This week the median list price for Mercer Island, WA is $2,488,500 with the market action index hovering around 37. This is less than last month's market action index of 39. Inventory has held steady at or around 64. 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.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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

Fri Jul 10 2020
This week the median list price for Mercer Island, WA is $2,488,500 with the market action index hovering around 37. This is less than last month's market action index of 39. Inventory has held steady at or around 64. 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.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $2,488,500
Per Square Foot $599
Days on Market 132
Price Decreased 28%
Price Increased 2%
Relisted 2%
Inventory 64
Median Rent
Most Expensive $18,888,000
Least Expensive $995,000
Market Action 37
Slight Seller's Advantage

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
$5,374,000 5,225 0.5 - 1 acre 4 3 26 2 1 307
$2,991,500 4,987 0.25 - 0.5 acre 5 4 9 1 0 98
$1,875,000 3,600 0.25 - 0.5 acre 4 3 43 4 1 83
$1,341,500 2,905 0.25 - 0.5 acre 4 2 50 7 3 38