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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$2,650,000|
|Per Square Foot||$641|
|Days on Market||149|
|Slight Seller's Advantage|
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|