Your Local Market Report

Mercer Island, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Mercer Island, WA

Sun Aug 18 2019
This week the median list price for Mercer Island, WA is $2,175,000 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has held steady at or around 93. Click here to stay informed with the Mercer Island market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. 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

Sun Aug 18 2019
This week the median list price for Mercer Island, WA is $2,175,000 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has held steady at or around 93. Click here to stay informed with the Mercer Island market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. 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 $2,175,000
Per Square Foot $574
Days on Market 117
Price Decreased 52%
Price Increased 1%
Relisted 13%
Inventory 93
Median House Rent
Most Expensive $18,888,000
Least Expensive $849,000
Market Action Index
Slight Seller's Advantage
36

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. 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.

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
$3,798,000 5,080 0.25 - 0.5 acre 5 4 17 1 3 196
$2,750,000 4,142 0.25 - 0.5 acre 5 3 12 2 2 105
$1,788,000 3,801 0.25 - 0.5 acre 5 3 43 1 6 103
$1,279,000 2,545 0.25 - 0.5 acre 4 2 52 2 2 65