Your Local Market Report

Bellevue, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Bellevue, WA

Fri Jul 10 2020
This week the median list price for Bellevue, WA is $1,798,995 with the market action index hovering around 46. This is less than last month's market action index of 48. Inventory has held steady at or around 186. Click here to stay informed with the Bellevue market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

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

Fri Jul 10 2020
This week the median list price for Bellevue, WA is $1,798,995 with the market action index hovering around 46. This is less than last month's market action index of 48. Inventory has held steady at or around 186. Click here to stay informed with the Bellevue market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

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 $1,798,995
Per Square Foot $525
Days on Market 70
Price Decreased 24%
Price Increased 1%
Relisted 3%
Inventory 186
Median Rent $2,899
Most Expensive $15,500,000
Least Expensive $430,000
Market Action 46
Strong Seller's Market

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
$4,044,000 5,556 0.25 - 0.5 acre 5 4 8 3 4 93
$2,325,000 4,145 0.25 - 0.5 acre 4 3 26 2 3 111
$1,540,000 3,290 0.25 - 0.5 acre 4 3 37 9 10 43
$919,000 2,090 0.25 - 0.5 acre 4 2 57 16 14 30