Your Local Market Report

Mercer Island, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Mercer Island, WA

Fri Nov 22 2019
This week the median list price for Mercer Island, WA is $2,199,500 with the market action index hovering around 34. This is less than last month's market action index of 35. Inventory has held steady at or around 78. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Mercer Island, WA

Fri Nov 22 2019
This week the median list price for Mercer Island, WA is $2,199,500 with the market action index hovering around 34. This is less than last month's market action index of 35. Inventory has held steady at or around 78. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Mercer Island market.
Median List Price $2,199,500
Per Square Foot $592
Days on Market 160
Price Decreased 54%
Price Increased 0%
Relisted 17%
Inventory 78
Median Rent $2,895
Most Expensive $18,888,000
Least Expensive $897,000
Market Action 34
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$4,300,000 5,230 0.25 - 0.5 acre 5 4 22 2 3 247
$2,775,000 4,230 0.25 - 0.5 acre 4 3 13 1 1 154
$1,890,000 4,046 0.25 - 0.5 acre 4 3 24 1 0 156
$1,247,500 2,900 0.25 - 0.5 acre 4 2 53 5 2 85