Your Local Market Report
Bellevue, WA
Single-Family Homes
SeattlebyDesign Team, Realogics Sotheby's I.R.
Bellevue, WA
Mon Jan 20 2020
This week the median list price for Bellevue, WA is $2,165,000 with the market action index hovering around 45. This is about the same as last month's market action index of 45. Inventory has held steady at or around 92.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $2,165,000 | |
| Per Square Foot | $505 | |
| Days on Market | 132 | |
| Price Decreased | 39% | |
| Price Increased | 2% | |
| Relisted | 18% | |
| Inventory | 92 | |
| Median Rent | $2,750 | |
| Most Expensive | $15,998,000 | |
| Least Expensive | $560,000 | |
| Market Action | 45 | |
| Strong Seller's Market | ||
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
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 |
|---|---|---|---|---|---|---|---|---|
| $4,498,000 | 5,807 | 0.5 - 1 acre | 5 | 5 | 3 | 2 | 4 | 140 |
| $2,688,000 | 5,000 | 0.25 - 0.5 acre | 5 | 4 | 7 | 3 | 9 | 141 |
| $1,699,950 | 3,660 | 8,000 - 10,000 sqft | 5 | 3 | 1 | 3 | 4 | 176 |
| $950,000 | 2,180 | 8,000 - 10,000 sqft | 4 | 2 | 42 | 8 | 8 | 70 |