Your Local Market Report

Mercer Island, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.


Mercer Island, WA

Sat Sep 19 2020
This week the median list price for Mercer Island, WA is $2,770,000 with the market action index hovering around 52. This is an increase over last month's market action index of 49. Inventory has held steady at or around 39. 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.

Strong Seller's Market

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

Sat Sep 19 2020
This week the median list price for Mercer Island, WA is $2,770,000 with the market action index hovering around 52. This is an increase over last month's market action index of 49. Inventory has held steady at or around 39. 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.

Strong Seller's Market

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 $2,770,000
Per Square Foot $632
Days on Market 134
Price Decreased 38%
Price Increased 0%
Relisted 5%
Inventory 39
Median Rent
Most Expensive $18,888,000
Least Expensive $1,080,000
Market Action 52
Strong Seller's Market

Each segment below represents approximately 25% of the market ordered by price.