Is Mercer Island, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2021
Since last year, Mercer Island has remained a Seller's Market.
How much do homes in Mercer Island, WA cost?
Median Sold Price
$2,268,360
$774/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2021
Median Sold Price By Bedroom Count
# BEDS | May 2021 | May 2022 | % |
---|---|---|---|
1 Bedroom | $400K | $365K | -8.8% |
2 Bedrooms | $595K | $638K | +7.2% |
3 Bedrooms | $1.3M | $1.7M | +34.3% |
4 Bedrooms | $1.7M | $2.4M | +37.7% |
5+ Bedrooms | $2.4M | $2.9M | +19.3% |
How many homes are available in Mercer Island, WA?
Number of Homes For Sale
Apr 2022 | May 2022 | % |
---|---|---|
78 | 82 | +5.1% |
Homes For Sale By Bedroom Count
# BEDS | Apr 2022 | May 2022 | % |
---|---|---|---|
1 Bedroom | 3 | 1 | -66.7% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 10 | 14 | +40.0% |
4 Bedrooms | 35 | 38 | +8.6% |
5+ Bedrooms | 24 | 22 | -8.3% |
Number of Homes Sold
Apr 2022 | May 2022 | % |
---|---|---|
36 | 23 | -36.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Average Sale Time
May 2021 | May 2022 | % |
---|---|---|
17 Days | 5 Days | -68.2% |
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days