Your Local Market Report

Bellevue, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Bellevue, WA

Tue May 11 2021
This week the median list price for Bellevue, WA is $1,580,000 with the market action index hovering around 97. This is an increase over last month's market action index of 93. Inventory has increased to 45. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Bellevue, WA

Tue May 11 2021
This week the median list price for Bellevue, WA is $1,580,000 with the market action index hovering around 97. This is an increase over last month's market action index of 93. Inventory has increased to 45. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Bellevue market.
Median List Price $1,580,000
Median Price of New Listings $1,624,000
Per Square Foot $619
Average Days on Market 27
Median Days on Market 7
Price Decreased 4%
Price Increased 4%
Relisted 4%
Inventory 45
Median Rent $2,350
Market Action 97
Strong Seller's Market

Despite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there’s a portion of the market being priced at a premium. You can investigate this condition in the quartile details.

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
$4,488,000 5,020 0.5 - 1 acre 5 4 18 3 3 21
$2,000,000 3,299 0.25 - 0.5 acre 4 3 60 7 5 0
$1,400,000 2,290 8,000 - 10,000 sqft 4 2 44 5 10 7
$897,500 1,745 0.25 - 0.5 acre 3 2 51 5 8 7