November 2025 Market Update

As we move into the final stretch of 2025, the market continues to show a blend of seasonal slowdown and year-over-year resilience across Mercer Island, the Eastside, and Bainbridge Island. Inventory tightened month over month, prices showed mixed movement, and demand remained steady in several key segments.

Below is a breakdown of November’s numbers and what they mean for both buyers and sellers in our region.

Mercer Island

Mercer Island saw sharp month-over-month shifts as the seasonal slowdown set in, but pricing strength held firm when compared to last year.

Key insights:

• Months of Inventory rose to 2.2, up more than 48 percent from October and up 47 percent year over year.

• Median sold price dipped month over month to $2.432M, but remains 15.8 percent higher than last November.

• Average price per square foot fell to $782, an 18.6 percent monthly drop, though still up year over year.

• New listings dropped 60 percent, one of the steepest declines this year.

• Sales activity also slowed: sold homes down 58 percent and pended sales down 20 percent from October.

Despite the cooldown, Mercer Island remains structurally low on supply. Year over year, pricing is still trending up, giving sellers a continued advantage heading into winter.

The Eastside

The Eastside market showed a dramatic contraction in new listings and sales activity this month, but the long-term trend points to stabilization.

Highlights:

• For-sale inventory fell 27 percent month over month, but is still up 72 percent year over year, showing a more balanced market than last fall.

• New listings dropped 57.6 percent, signaling a tight winter supply.

• Median sold price decreased to $1.445M, down from both last month and last year.

• Days on market climbed to 42, a 40 percent increase from last year.

• Months of inventory rose to 2.6, more than doubling year over year.

The Eastside remains one of the region’s most competitive markets, but the elevated inventory compared to 2024 gives buyers more breathing room than we’ve seen in previous years.

Bainbridge Island

Bainbridge Island continues to perform as one of the strongest micro-markets, with balanced supply and steady pricing trends.

Key takeaways:

• Months of inventory dropped to 1.7, down from both last month and last year.

• Median sold price rose 3.5 percent month over month to $1.325M, though still below November 2024.

• Average sold price decreased to $1.533M, but quarterly numbers remain slightly up.

• Days on market fell sharply to 38 days, a 37.7 percent improvement year over year.

• New listings were down 56.8 percent, keeping supply tight.

• Sold and pended sales both down month over month, following the typical seasonal trend.

Bainbridge’s combination of limited inventory and strong buyer demand continues to support pricing, even as activity slows for winter.

Final Thoughts

November brought the expected seasonal cooldown, but the year-over-year picture remains steady across the region. Mercer Island and Bainbridge Island show strong pricing resilience, while the Eastside is working through higher inventory and longer days on market.

If you're planning a move in early 2026, now is the ideal time to strategize around timing, pricing, and preparation.

For personalized guidance, reach out anytime.