Your Local Market Report

Mercer Island, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Mercer Island, WA

Wed Dec 11 2019
This week the median list price for Mercer Island, WA is $2,325,000 with the market action index hovering around 35. This is an increase over last month's market action index of 34. Inventory has held steady at or around 58. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several 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 persistently, prices are likely to resume an upward climb.

Mercer Island, WA

Wed Dec 11 2019
This week the median list price for Mercer Island, WA is $2,325,000 with the market action index hovering around 35. This is an increase over last month's market action index of 34. Inventory has held steady at or around 58. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Mercer Island market.
Median List Price $2,325,000
Per Square Foot $615
Days on Market 197
Price Decreased 48%
Price Increased 0%
Relisted 21%
Inventory 58
Median Rent $3,750
Most Expensive $18,888,000
Least Expensive $897,000
Market Action 35
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
$5,465,000 4,826 0.5 - 1 acre 5 3 29 0 1 316
$2,940,000 4,718 0.25 - 0.5 acre 4 4 13 0 3 184
$1,998,000 3,866 0.25 - 0.5 acre 4 3 22 2 3 140
$1,350,000 3,182 0.25 - 0.5 acre 4 2 46 0 3 152