Real Estate Market Report
Bellevue, WA 98004
Single-Family Homes
John L Scott Real Estate | 206-650-0415 | vand@johnlscott.com
Bellevue, WA 98004
Mon Dec 15 2025
This week the median list price for Bellevue, WA 98004 is $5,100,000 with the market action index hovering around 31. This is about the same as last month's market action index of 31. Inventory has decreased to 44.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.
Real-Time Market Profile
| Median List Price | $5,100,000 | |
| Median Price of New Listings | $4,199,000 | |
| Per Square Foot | $1,068 | |
| Average Days on Market | 166 | |
| Median Days on Market | 112 | |
| Price Decreased | 39% | |
| Price Increased | 0% | |
| Relisted | 18% | |
| Inventory | 44 | |
| Median Rent | ||
| Market Action | 31 | |
| Slight Seller's Advantage | ||
Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices 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 |
|---|---|---|---|---|---|---|---|---|
| $9,860,000 | 7,170 | 0.5 - 1 acre | 5 | 3 | 19 | 0 | 3 | 189 |
| $6,500,000 | 6,330 | 0.25 - 0.5 acre | 5 | 3.5 | 18 | 1 | 0 | 84 |
| $4,599,950 | 4,815 | 0.25 - 0.5 acre | 5 | 3.5 | 0 | 1 | 0 | 98 |
| $2,298,000 | 3,250 | 0.25 - 0.5 acre | 4 | 2.5 | 47 | 1 | 1 | 112 |