Sun Apr 05 2020
This week the median list price for Bellevue, WA is $1,850,000 with the market action index hovering around 57. This is an increase over last month's market action index of 56. Inventory has held steady at or around 131.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$1,850,000|
|Per Square Foot||$507|
|Days on Market||69|
|Strong Seller's Market|
Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$3,677,500||5,340||0.25 - 0.5 acre||5||5||6||3||4||112|
|$2,188,000||4,005||0.25 - 0.5 acre||5||3||30||4||7||105|
|$1,425,000||3,105||0.25 - 0.5 acre||4||2||36||2||9||43|
|$885,000||2,160||0.25 - 0.5 acre||4||2||55||6||13||14|