Real Estate Market Report

Bellevue, WA 98004

Single-Family Homes

John L Scott Real Estate | 206-650-0415 | vand@johnlscott.com



Bellevue, WA 98004

Fri Jul 11 2025
This week the median list price for Bellevue, WA 98004 is $4,969,950 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has held steady at or around 76. Click here to stay informed with the Bellevue market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Bellevue, WA 98004

Fri Jul 11 2025
This week the median list price for Bellevue, WA 98004 is $4,969,950 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has held steady at or around 76. Click here to stay informed with the Bellevue market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Bellevue market.
Median List Price $4,969,950
Median Price of New Listings $4,839,000
Per Square Foot $1,078
Average Days on Market 80
Median Days on Market 56
Price Decreased 17%
Price Increased 0%
Relisted 29%
Inventory 76
Median Rent
Market Action 32
Slight Seller's Advantage

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

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
$11,250,000 7,170 0.5 - 1 acre 5 3.5 23 0 0 77
$5,980,000 6,019 0.25 - 0.5 acre 5 3.5 17 3 0 49
$4,500,000 4,700 0.25 - 0.5 acre 5 3.5 8 3 2 28
$2,400,000 2,519 8,000 - 10,000 sqft 4 2.5 57 2 1 56