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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bellevue is a seller's market

Buyer's
Market

Difference Since September 2020

Since last year, Bellevue has remained a Seller's Market.

Key Takeaway

Bellevue is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Bellevue, WA cost?

Median Sold Price

$1,174,926

$556/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2020

+$174,119(+17.4%)

Key Takeaway

Homes in Bellevue have sold for 17.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2020Sep 2021%
1 $580K$587.5K
+1.3%
2 $637.1K$698.7K
+9.7%
3 $876K$1.0M
+18.2%
4 $1.1M$1.3M
+18.0%
5+ $1.7M$1.9M
+10.5%

Median Sold Price Compared To Nearby Cities

Beaux Arts Village
+154.9%
Mercer Island
+23.0%
Bellevue
+17.4%
Seattle East
+16.1%
Newcastle
-0.1%

How many homes are available in Bellevue, WA?

Number of Homes For Sale

Aug 2021Sep 2021%
698631-9.6%

Homes For Sale By Bedroom Count

# BEDSAug 2021Sep 2021%
1 6758
-13.4%
2 209202
-3.3%
3 129119
-7.8%
4 172147
-14.5%
5+ 121105
-13.2%

Number of Homes Sold

Aug 2021Sep 2021%
224191-14.7%

Asking Price vs. Sold Price

42 Homes Were Sold
Under Asking

27 Homes Were Sold
At Asking

122 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bellevue, you could pay more than the asking price. 63.9% of homes here sold above asking price last month.

Average Sale Time

Sep 2020Sep 2021%
19 Days11 Days-41.4%

Breakdown of Home Sale Times

179 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bellevue are selling fast, if you're buying plan to act quickly.

About Bellevue, WA

There are 631 homes are for sale in Bellevue, WA real estate market. In September 2021 in Bellevue, WA there were 9.6% less homes for sale than in August 2021. While the average time on the market in September 2021 was 11 days, the median list price was $1,174,926. Real estate listing prices changed between August 2021 and September 2021: prices of 1 bedroom properties increased by 1.3%, prices of 2 bedrooms properties went up by 9.7%, 3 bedrooms properties prices increased by 18.2%, prices of 4 bedrooms properties increased by 18%, 5 bedrooms properties became 10.5% more expensive. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes decreased by 13.4%, volume of 2 bedrooms homes went down by 3.3%, 3 bedrooms homes became 7.8% less available, number of 4 bedrooms homes decreased by 14.5%, 5 bedrooms homes inventory decreased by 13.2%. While more than 122 listings in Bellevue, WA in September 2021 were sold above asking price, there were more than 27 listings sold at asking price, and more than 42 were sold below.

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