Your Local Market Report

Mercer Island, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Mercer Island, WA

Wed Aug 04 2021
This week the median list price for Mercer Island, WA is $3,180,000 with the market action index hovering around 89. This is less than last month's market action index of 92. Inventory has held steady at or around 16. 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.

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Mercer Island, WA

Wed Aug 04 2021
This week the median list price for Mercer Island, WA is $3,180,000 with the market action index hovering around 89. This is less than last month's market action index of 92. Inventory has held steady at or around 16. 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.

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Mercer Island market.
Median List Price $3,180,000
Median Price of New Listings $2,885,000
Per Square Foot $766
Average Days on Market 167
Median Days on Market 11
Price Decreased 6%
Price Increased 0%
Relisted 0%
Inventory 16
Median Rent $3,995
Market Action 89
Strong Seller's Market

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
$8,448,800 7,631 0.25 - 0.5 acre 5 6 32 1 3 17
$3,934,000 5,182 0.25 - 0.5 acre 5 4 18 0 2 17
$2,442,499 4,069 0.25 - 0.5 acre 5 3 39 2 2 7
$1,712,500 2,055 8,000 - 10,000 sqft 3 2 49 0 2 7