Your Local Market Report

Bellevue, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Bellevue, WA

Sat Dec 07 2019
This week the median list price for Bellevue, WA is $1,894,500 with the market action index hovering around 43. This is about the same as last month's market action index of 43. Inventory has held steady at or around 162. 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. Prices have not been moving higher for several 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 persistently, prices are likely to resume an upward climb.

Bellevue, WA

Sat Dec 07 2019
This week the median list price for Bellevue, WA is $1,894,500 with the market action index hovering around 43. This is about the same as last month's market action index of 43. Inventory has held steady at or around 162. 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. Prices have not been moving higher for several 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Bellevue market.
Median List Price $1,894,500
Per Square Foot $496
Days on Market 115
Price Decreased 50%
Price Increased 2%
Relisted 15%
Inventory 162
Median Rent $2,680
Most Expensive $15,998,000
Least Expensive $539,990
Market Action 43
Slight Seller's Advantage

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
$3,623,000 5,640 0.25 - 0.5 acre 5 5 7 3 4 133
$2,476,500 4,630 0.25 - 0.5 acre 5 3 29 1 3 135
$1,595,000 3,610 0.25 - 0.5 acre 4 3 35 1 4 116
$874,950 2,210 8,000 - 10,000 sqft 3 2 52 8 10 74