Fri Dec 06 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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$1,894,500|
|Per Square Foot||$496|
|Days on Market||115|
|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.
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|