Your Local Market Report

Bellevue, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Bellevue, WA

Tue Mar 26 2019
This week the median list price for Bellevue, WA is $1,698,000 with the market action index hovering around 42. This is an increase over last month's market action index of 40. Inventory has held steady at or around 211. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Bellevue, WA

Tue Mar 26 2019
This week the median list price for Bellevue, WA is $1,698,000 with the market action index hovering around 42. This is an increase over last month's market action index of 40. Inventory has held steady at or around 211. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Bellevue market.
Median List Price $1,698,000
Per Square Foot $499
Days on Market 76
Price Decreased 24%
Price Increased 5%
Relisted 14%
Inventory 211
Median House Rent $2,545
Most Expensive $45,000,000
Least Expensive $599,000
Market Action Index
Slight Seller's Advantage
42

The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

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
$4,476,900 5,679 0.25 - 0.5 acre 5 4 3 4 3 110
$2,199,995 4,410 0.25 - 0.5 acre 4 3 20 13 10 91
$1,450,000 3,199 8,000 - 10,000 sqft 4 3 42 8 9 55
$850,000 2,010 8,000 - 10,000 sqft 4 2 55 22 17 49