Carrington Durr Group | Real Estate Market Report

Bellevue, WA 98004

Single-Family Homes

John L Scott Real Estate | 206-948-3852 | wlc@johnlscott.com



Bellevue, WA 98004

Thu Jun 20 2024
This week the median list price for Bellevue, WA 98004 is $5,533,000 with the market action index hovering around 42. This is less than last month's market action index of 44. Inventory has decreased to 45. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Bellevue, WA 98004

Thu Jun 20 2024
This week the median list price for Bellevue, WA 98004 is $5,533,000 with the market action index hovering around 42. This is less than last month's market action index of 44. Inventory has decreased to 45. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Bellevue market.
Median List Price $5,533,000
Median Price of New Listings $4,341,500
Per Square Foot $1,158
Average Days on Market 86
Median Days on Market 49
Price Decreased 36%
Price Increased 0%
Relisted 16%
Inventory 45
Median Rent
Market Action 42
Slight Seller's Advantage

Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.

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
$17,288,000 6,240 0.5 - 1 acre 5 5 35 0 0 35
$7,750,000 6,590 0.25 - 0.5 acre 5 6 11 1 1 91
$4,880,000 4,584 0.25 - 0.5 acre 5 5 18 3 1 49
$2,597,444 2,465 8,000 - 10,000 sqft 3 3 58 2 2 28