Tue Mar 02 2021
This week the median list price for Mercer Island, WA is $2,999,500 with the market action index hovering around 62. This is an increase over last month's market action index of 60. Inventory has held steady at or around 13.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$2,999,500|
|Per Square Foot||$745|
|Days on Market||35|
|Strong Seller's Market|
The market continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index as a leading indicator for how long this trend will last.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$6,280,000||5,000||1 - 2.5 acres||5||3||25||0||0||364|
|$3,300,000||4,611||0.25 - 0.5 acre||5||3||31||0||1||28|
|$2,998,000||4,019||0.25 - 0.5 acre||4||4||24||1||1||28|
|$2,172,500||3,350||0.25 - 0.5 acre||3||2||52||2||3||17|