Your Local Market Report
Bellevue, WA
Single-Family Homes
SeattlebyDesign Team, Realogics Sotheby's I.R.
Bellevue, WA
Thu Jan 17 2019
This week the median list price for Bellevue, WA is $1,798,000 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has held steady at or around 160.
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 achieved a relative stasis point in terms of sales to inventory. 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 | $1,798,000 | |
| Per Square Foot | $500 | |
| Days on Market | 103 | |
| Price Decreased | 36% | |
| Price Increased | 1% | |
| Relisted | 11% | |
| Inventory | 160 | |
| Median House Rent | $2,650 | |
| Most Expensive | $45,000,000 | |
| Least Expensive | $625,000 | |
| Market Action Index Slight Seller's Advantage | 38 |
The market has achieved a relative stasis point in terms of sales to inventory. 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 |
|---|---|---|---|---|---|---|---|---|
| $4,134,000 | 5,490 | 0.25 - 0.5 acre | 5 | 5 | 5 | 2 | 3 | 131 |
| $2,267,450 | 4,174 | 0.25 - 0.5 acre | 5 | 3 | 12 | 2 | 4 | 113 |
| $1,489,250 | 3,309 | 0.25 - 0.5 acre | 4 | 3 | 33 | 2 | 7 | 88 |
| $862,500 | 1,937 | 0.25 - 0.5 acre | 4 | 2 | 56 | 5 | 9 | 78 |