Your Local Market Report

Bellevue, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Bellevue, WA

Sat Aug 17 2019
This week the median list price for Bellevue, WA is $1,788,000 with the market action index hovering around 43. This is less than last month's market action index of 44. Inventory has held steady at or around 279. Click here to stay informed with the Bellevue market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Bellevue, WA

Sat Aug 17 2019
This week the median list price for Bellevue, WA is $1,788,000 with the market action index hovering around 43. This is less than last month's market action index of 44. Inventory has held steady at or around 279. Click here to stay informed with the Bellevue market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Bellevue market.
Median List Price $1,788,000
Per Square Foot $517
Days on Market 79
Price Decreased 46%
Price Increased 2%
Relisted 15%
Inventory 279
Median House Rent $2,708
Most Expensive $15,998,000
Least Expensive $455,774
Market Action Index
Slight Seller's Advantage
43

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. 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
$3,678,000 5,333 0.25 - 0.5 acre 5 4 12 5 6 113
$2,219,000 3,885 0.25 - 0.5 acre 4 3 27 5 11 90
$1,426,500 3,015 0.25 - 0.5 acre 4 2 40 9 12 63
$817,500 2,045 8,000 - 10,000 sqft 4 2 52 15 18 51