Your Local Market Report

Bellevue, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Bellevue, WA

Fri Nov 22 2019
This week the median list price for Bellevue, WA is $1,799,475 with the market action index hovering around 42. This is less than last month's market action index of 43. 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.

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 Nov 22 2019
This week the median list price for Bellevue, WA is $1,799,475 with the market action index hovering around 42. This is less than last month's market action index of 43. 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.

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 $1,799,475
Per Square Foot $505
Days on Market 107
Price Decreased 51%
Price Increased 3%
Relisted 17%
Inventory 186
Median Rent $2,725
Most Expensive $15,998,000
Least Expensive $539,990
Market Action 42
Slight Seller's Advantage

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
$3,592,000 5,640 0.25 - 0.5 acre 5 4 6 2 8 138
$2,362,750 4,357 0.25 - 0.5 acre 5 3 29 3 7 113
$1,579,000 3,610 0.25 - 0.5 acre 4 3 37 3 7 101
$874,950 2,040 8,000 - 10,000 sqft 3 2 50 9 10 73