Your Local Market Report

Bellevue, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.


Bellevue, WA

Mon Jul 22 2019
This week the median list price for Bellevue, WA is $1,659,500 with the market action index hovering around 44. This is about the same as last month's market action index of 44. Inventory has held steady at or around 292. 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 plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 Jul 22 2019
This week the median list price for Bellevue, WA is $1,659,500 with the market action index hovering around 44. This is about the same as last month's market action index of 44. Inventory has held steady at or around 292. 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 plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 $1,659,500
Per Square Foot $502
Days on Market 74
Price Decreased 45%
Price Increased 1%
Relisted 11%
Inventory 292
Median House Rent $2,750
Most Expensive $15,998,000
Least Expensive $399,950
Market Action Index
Slight Seller's Advantage 		44

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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
$3,489,000 5,209 0.25 - 0.5 acre 5 4 13 6 3 104
$2,075,000 4,111 0.25 - 0.5 acre 4 3 23 6 6 97
$1,288,888 2,780 0.25 - 0.5 acre 4 2 41 10 12 52
$799,950 1,940 8,000 - 10,000 sqft 4 2 53 19 10 42