Is Bellevue, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Bellevue has remained a Seller's Market.
Housing Prices in Bellevue, WA
How much do homes in Bellevue, WA cost?
Median Sold Price
$1,408,715
$671/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Bellevue was $1,408,715 in March 2024, up 2.1% from last year, and the median price per square foot was $671.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $569.8K | $790K | +38.6% |
2 Bedrooms | $674.5K | $703.5K | +4.3% |
3 Bedrooms | $1.2M | $1.3M | +2.7% |
4 Bedrooms | $1.6M | $1.6M | 0.2% |
5+ Bedrooms | $2.4M | $2.6M | +6.6% |
Summary: Bellevue housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.6%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 6.6%.
Median Sold Price Compared To Nearby Cities
Seattle East | $1.1M | $1.1M | +4.0% |
Bellevue | $1.3M | $1.4M | +2.1% |
Mercer Island | $2.3M | $2.1M | -5.1% |
Newcastle | $1.4M | $1.3M | -9.0% |
Housing Supply in Bellevue, WA
How many homes are available in Bellevue, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
315 | 410 | +30.2% |
Summary: The Bellevue real estate market had 410 homes for sale in March 2024, a 30.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 28 | 43 | +53.6% |
2 Bedrooms | 89 | 89 | 0.0% |
3 Bedrooms | 59 | 86 | +45.8% |
4 Bedrooms | 75 | 106 | +41.3% |
5+ Bedrooms | 64 | 86 | +34.4% |
Summary: The Bellevue housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 53.6%, 2 bedroom homes remained the same, 3 bedroom homes increased by 45.8%, 4 bedroom homes increased by 41.3%, and 5+ bedroom homes increased by 34.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
97 | 138 | +42.3% |
Asking Price vs. Sold Price
45 Homes Were Sold
Under Asking
43 Homes Were Sold
At Asking
50 Homes Were Sold
Over Asking
Summary: A total of 138 homes were sold or pending in Bellevue in March 2024, up by 42.3% month-over-month. Of the 138 sold homes, 33% were sold under asking, 31% were sold at asking, and 36% were sold over asking.
Days on Market for Bellevue, WA
How long does it take to sell a home in Bellevue, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
49 Days | 20 Days | -59.3% |
Summary: Homes in Bellevue had an average of 20 days on market in Mar 2024, down by 59.3% compared to last year.
Breakdown of Home Sale Times
115 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During March 2024, 138 homes were sold in Bellevue; 83% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.