Is Bellevue, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$1,470,834
$694/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Bellevue was $1,470,834 in June 2024, up 12.5% from last year, and the median price per square foot was $694.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $550K | $767.5K | +39.5% |
2 Bedrooms | $660K | $736.5K | +11.6% |
3 Bedrooms | $1.1M | $1.3M | +10.3% |
4 Bedrooms | $1.5M | $1.7M | +12.9% |
5+ Bedrooms | $2.4M | $2.6M | +10.3% |
Summary: Bellevue housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.5%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 10.3%.
Median Sold Price Compared To Nearby Cities
Newcastle | $1.2M | $1.5M | +26.8% |
Seattle East | $1.0M | $1.2M | +13.9% |
Bellevue | $1.3M | $1.4M | +12.5% |
Mercer Island | $2.1M | $2.3M | +6.6% |
Housing Supply in Bellevue, WA
How many homes are available in Bellevue, WA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
516 | 536 | +3.9% |
Summary: The Bellevue real estate market had 536 homes for sale in June 2024, a 3.9% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 45 | 45 | 0.0% |
2 Bedrooms | 103 | 129 | +25.2% |
3 Bedrooms | 115 | 117 | +1.7% |
4 Bedrooms | 141 | 152 | +7.8% |
5+ Bedrooms | 112 | 93 | -17.0% |
Summary: The Bellevue housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25.2%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes decreased by 17%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
189 | 168 | -11.1% |
Asking Price vs. Sold Price
56 Homes Were Sold
Under Asking
40 Homes Were Sold
At Asking
72 Homes Were Sold
Over Asking
Summary: A total of 168 homes were sold or pending in Bellevue in June 2024, down by 11.1% month-over-month. Of the 168 sold homes, 33% were sold under asking, 24% were sold at asking, and 43% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
25 Days | 14 Days | -43.2% |
Summary: Homes in Bellevue had an average of 14 days on market in Jun 2024, down by 43.2% compared to last year.
Breakdown of Home Sale Times
148 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During June 2024, 168 homes were sold in Bellevue; 88% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.