Your Local Market Report

Bellevue, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Bellevue, WA

Sun Apr 05 2020
This week the median list price for Bellevue, WA is $1,850,000 with the market action index hovering around 57. This is an increase over last month's market action index of 56. Inventory has held steady at or around 131. 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

Sun Apr 05 2020
This week the median list price for Bellevue, WA is $1,850,000 with the market action index hovering around 57. This is an increase over last month's market action index of 56. Inventory has held steady at or around 131. 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 $1,850,000
Per Square Foot $507
Days on Market 69
Price Decreased 15%
Price Increased 10%
Relisted 5%
Inventory 131
Median Rent $2,875
Most Expensive $9,900,000
Least Expensive $589,000
Market Action 57
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. The Market Action Index is a good leading indicator for the durability of this trend.

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
$3,677,500 5,340 0.25 - 0.5 acre 5 5 6 3 4 112
$2,188,000 4,005 0.25 - 0.5 acre 5 3 30 4 7 105
$1,425,000 3,105 0.25 - 0.5 acre 4 2 36 2 9 43
$885,000 2,160 0.25 - 0.5 acre 4 2 55 6 13 14