Mercer Island, WA
Housing market overview · Updated weekly
$2.00Mmedian sale price
Homes sold
5
Last 12 weeks
Days on market
7
Fast-moving
Active listings
30
6.0 months supply
Sale-to-list
103.1%
Above asking
The Mercer Island housing market is currently classified as a seller's market with a median sale price of $2.00M. Prices have fallen 33.3% compared to last year, with homes spending an average of 7 days on market, indicating 6.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Mercer Island
There are currently 30 homes listed for sale in Mercer Island, Washington. The median listing price is $2.9M.
Active listings
30
Homes on market
Median list price
$2.9M
Avg. days on market
7
Days until sale
New this week
22
Newly listed
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Frequently asked questions
What is the average home price in Mercer Island?
The median home sale price in Mercer Island is $2.00M, down 33.3% from last year.
How long do homes stay on market in Mercer Island?
Homes typically spend 7 days on market before going under contract.
Is Mercer Island a buyer's or seller's market?
With 6.0 months of supply, Mercer Island is currently a seller's market.
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