Your Local Market Report

Mercer Island, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Mercer Island, WA

Mon Jan 20 2020
This week the median list price for Mercer Island, WA is $2,624,980 with the market action index hovering around 37. This is an increase over last month's market action index of 36. Inventory has held steady at or around 41. 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

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

Mon Jan 20 2020
This week the median list price for Mercer Island, WA is $2,624,980 with the market action index hovering around 37. This is an increase over last month's market action index of 36. Inventory has held steady at or around 41. 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

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 $2,624,980
Per Square Foot $663
Days on Market 255
Price Decreased 27%
Price Increased 2%
Relisted 12%
Inventory 41
Median Rent $4,500
Most Expensive $18,888,000
Least Expensive $897,000
Market Action 37
Slight Seller's Advantage

The market appears to be hovering around these current levels, though prices movved up a bit this week. The Market Action Index is a good leading indicator for the durability of this shift.

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
$6,274,000 5,344 0.5 - 1 acre 5 4 21 0 0 462
$3,147,500 4,525 0.25 - 0.5 acre 5 3 10 2 0 179
$2,158,500 4,124 0.25 - 0.5 acre 4 3 41 0 0 168
$1,689,000 3,182 0.25 - 0.5 acre 4 2 48 0 0 214