Your Local Market Report

Bellevue, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Bellevue, WA

Fri Sep 20 2019
This week the median list price for Bellevue, WA is $1,788,000 with the market action index hovering around 44. This is an increase over last month's market action index of 43. Inventory has held steady at or around 247. 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.

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Bellevue, WA

Fri Sep 20 2019
This week the median list price for Bellevue, WA is $1,788,000 with the market action index hovering around 44. This is an increase over last month's market action index of 43. Inventory has held steady at or around 247. 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.

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Bellevue market.
Median List Price $1,788,000
Per Square Foot $509
Days on Market 94
Price Decreased 44%
Price Increased 2%
Relisted 16%
Inventory 247
Median House Rent $2,890
Most Expensive $15,998,000
Least Expensive $397,999
Market Action Index
Slight Seller's Advantage
44

The market seems to have paused around this plateau. 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
$3,688,000 5,232 0.25 - 0.5 acre 5 4 11 7 3 115
$2,249,000 4,155 0.25 - 0.5 acre 4 3 23 7 2 120
$1,512,500 3,231 0.25 - 0.5 acre 4 2 39 13 6 78
$829,950 2,084 8,000 - 10,000 sqft 4 2 45 11 9 63