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

Fri Jul 26 2024
This week the median list price for Bellevue, WA 98004 is $6,265,000 with the market action index hovering around 41. This is less than last month's market action index of 43. Inventory has increased to 46. 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 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

Fri Jul 26 2024
This week the median list price for Bellevue, WA 98004 is $6,265,000 with the market action index hovering around 41. This is less than last month's market action index of 43. Inventory has increased to 46. 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 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 $6,265,000
Median Price of New Listings $5,219,000
Per Square Foot $1,116
Average Days on Market 85
Median Days on Market 49
Price Decreased 26%
Price Increased 2%
Relisted 13%
Inventory 46
Median Rent
Market Action 41
Slight Seller's Advantage

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

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 6,290 0.5 - 1 acre 5 6 29 0 0 70
$8,480,000 5,710 0.25 - 0.5 acre 5 5 17 2 0 70
$5,046,500 5,443 0.25 - 0.5 acre 5 6 15 3 1 35
$2,937,000 2,645 8,000 - 10,000 sqft 3 3 48 3 2 31