Team Luxe Real Estate | Market Insights

Bellevue, WA

Single-Family Homes

206-672-5724 | https://teamluxere.com/



Bellevue, WA

Thu May 08 2025
This week the median list price for Bellevue, WA is $2,758,975 with the market action index hovering around 47. This is less than last month's market action index of 48. Inventory has increased to 176. 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.

Strong Seller's Market

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Bellevue, WA

Thu May 08 2025
This week the median list price for Bellevue, WA is $2,758,975 with the market action index hovering around 47. This is less than last month's market action index of 48. Inventory has increased to 176. 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.

Strong Seller's Market

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Bellevue market.
Median List Price $2,758,975
Median Price of New Listings $1,950,000
Per Square Foot $818
Average Days on Market 62
Median Days on Market 28
Price Decreased 34%
Price Increased 1%
Relisted 14%
Inventory 176
Median Rent
Market Action 47
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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
$6,640,000 5,575 0.25 - 0.5 acre 5 4 19 2 2 63
$3,524,000 4,228 0.25 - 0.5 acre 5 3.5 20 7 9 24
$2,124,000 2,850 0.25 - 0.5 acre 4 3 49 14 9 17
$1,585,000 2,230 8,000 - 10,000 sqft 4 2 57 16 9 14