Is Bellevue, DC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bellevue is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Bellevue has remained a Buyer's Market.

Key Takeaway

Bellevue is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Bellevue, DC

How much do homes in Bellevue, DC cost?

Median Sold Price

$367,475

$235/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

+$307,475(+512.5%)

Key Takeaway

Homes in Bellevue have sold for 512.5% more than they did a month ago.

Summary: The median home sold price in Bellevue was $367,475 in February 2024, up 512.5% from last month, and the median price per square foot was $235.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 $60K-
N/A
2 -$449.9K
N/A
3 -$272.5K
N/A
4 --
N/A
5+ -$500K
N/A

Summary: Bellevue housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Bellevue, DC

How many homes are available in Bellevue, DC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3742+13.5%

Summary: The Bellevue real estate market had 42 homes for sale in February 2024, a 13.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 99
0.0%
2 1617
+6.3%
3 1014
+40.0%
4 00
0.0%
5+ 22
0.0%

Summary: The Bellevue housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bellevue, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Bellevue in February 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Bellevue, DC

How long does it take to sell a home in Bellevue, DC?

Average Sale Time

Jan 2024Feb 2024CHANGE
52 Days84 Days+62.5%

Summary: Homes in Bellevue had an average of 84 days on market in Feb 2024, up by 62.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Bellevue are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 4 homes were sold in Bellevue; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Bellevue, DC

Nearby Markets to Bellevue, DC

Popular Cities with Homes for Sale in District of Columbia