Carrington Durr Group | Real Estate Market Report

Bellevue, WA 98004

Single-Family Homes

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



Bellevue, WA 98004

Sun Feb 09 2025
This week the median list price for Bellevue, WA 98004 is $5,690,000 with the market action index hovering around 37. This is less than last month's market action index of 40. Inventory has increased to 35. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Bellevue, WA 98004

Sun Feb 09 2025
This week the median list price for Bellevue, WA 98004 is $5,690,000 with the market action index hovering around 37. This is less than last month's market action index of 40. Inventory has increased to 35. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Bellevue market.
Median List Price $5,690,000
Median Price of New Listings $3,530,000
Per Square Foot $1,122
Average Days on Market 96
Median Days on Market 91
Price Decreased 34%
Price Increased 3%
Relisted 23%
Inventory 35
Median Rent
Market Action 37
Slight Seller's Advantage

In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend in general over the last several weeks.

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
$14,400,000 6,606 0.5 - 1 acre 5 5.5 27 1 0 115
$8,200,000 6,252 0.5 - 1 acre 5 7 7 1 1 161
$4,598,000 4,815 0.25 - 0.5 acre 5 5 8 3 0 91
$2,100,000 2,200 - 4 3 36 5 2 0