Your Local Market Report

Mercer Island, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Mercer Island, WA

Fri Dec 06 2019
This week the median list price for Mercer Island, WA is $2,272,000 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 66. 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 started cooling and prices have been flat for several weeks. Since 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 Dec 06 2019
This week the median list price for Mercer Island, WA is $2,272,000 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 66. 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 started cooling and prices have been flat for several weeks. Since 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 $2,272,000
Per Square Foot $601
Days on Market 190
Price Decreased 53%
Price Increased 0%
Relisted 18%
Inventory 66
Median Rent $3,750
Most Expensive $18,888,000
Least Expensive $897,000
Market Action 34
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
$5,240,000 4,826 0.25 - 0.5 acre 5 3 22 0 0 294
$2,852,500 4,631 0.25 - 0.5 acre 4 4 14 0 2 162
$1,998,000 4,380 0.25 - 0.5 acre 5 3 22 0 1 190
$1,350,000 3,182 0.25 - 0.5 acre 4 2 46 0 5 116