Your Local Market Report

Mercer Island, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Mercer Island, WA

Sat Jul 04 2020
This week the median list price for Mercer Island, WA is $2,650,000 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has held steady at or around 55. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Mercer Island, WA

Sat Jul 04 2020
This week the median list price for Mercer Island, WA is $2,650,000 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has held steady at or around 55. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Mercer Island market.
Median List Price $2,650,000
Per Square Foot $641
Days on Market 149
Price Decreased 27%
Price Increased 2%
Relisted 2%
Inventory 55
Median Rent
Most Expensive $18,888,000
Least Expensive $995,000
Market Action 39
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
$6,280,000 4,490 0.5 - 1 acre 4 3 37 4 1 345
$3,048,000 4,987 0.25 - 0.5 acre 5 4 3 0 0 121
$2,089,000 3,821 0.25 - 0.5 acre 4 3 29 3 3 87
$1,361,500 2,458 0.25 - 0.5 acre 4 2 57 5 4 55