Your Local Market Report

Bellevue, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Bellevue, WA

Mon Nov 19 2018
This week the median list price for Bellevue, WA is $1,598,000 with the market action index hovering around 36. This is less than last month's market action index of 38. Inventory has held steady at or around 285. Click here to stay informed with the Bellevue market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Bellevue, WA

Mon Nov 19 2018
This week the median list price for Bellevue, WA is $1,598,000 with the market action index hovering around 36. This is less than last month's market action index of 38. Inventory has held steady at or around 285. Click here to stay informed with the Bellevue market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Bellevue market.
Median List Price $1,598,000
Per Square Foot $490
Days on Market 85
Price Decreased 49%
Price Increased 1%
Relisted 16%
Inventory 285
Median House Rent $2,400
Most Expensive $45,000,000
Least Expensive $599,950
Market Action Index
Slight Seller's Advantage
36

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

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
$3,798,000 5,521 0.25 - 0.5 acre 5 5 10 2 3 126
$2,098,000 4,050 0.25 - 0.5 acre 4 3 19 5 6 86
$1,250,000 3,000 0.25 - 0.5 acre 4 2 40 7 8 77
$799,999 1,917 8,000 - 10,000 sqft 4 2 54 4 9 52