Is Northwest Bellevue, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Northwest Bellevue has remained a Seller's Market.
Key Takeaway
Northwest Bellevue is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northwest Bellevue, WA
How much do homes in Northwest Bellevue, WA cost?
Median Sold Price
$1,962,500
$876/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Northwest Bellevue have sold for 14% less than they did a year ago.
Summary: The median home sold price in Northwest Bellevue was $1,962,500 in April 2024, down 14% from last year, and the median price per square foot was $876.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $469K | $568K | +21.1% |
| 2 Bedrooms | $680K | $845K | +24.3% |
| 3 Bedrooms | $2.3M | $1.7M | -26.4% |
| 4 Bedrooms | $2.8M | $3.7M | +30.7% |
| 5+ Bedrooms | $4.3M | $4.8M | +13.9% |
Summary: Northwest Bellevue housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.1%, 2 bedroom homes increased by 24.3%, 3 bedroom homes decreased by 26.4%, 4 bedroom homes increased by 30.7%, and 5+ bedroom homes increased by 13.9%.
Housing Supply in Northwest Bellevue, WA
How many homes are available in Northwest Bellevue, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 50 | 53 | +6.0% |
Summary: The Northwest Bellevue real estate market had 53 homes for sale in April 2024, a 6.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 13 | 14 | +7.7% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 7 | 12 | +71.4% |
| 5+ Bedrooms | 15 | 10 | -33.3% |
Summary: The Northwest Bellevue housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northwest Bellevue, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Northwest Bellevue in April 2024, the same as the previous month. Of the 16 sold homes, 44% were sold under asking, 13% were sold at asking, and 44% were sold over asking.
Days on Market for Northwest Bellevue, WA
How long does it take to sell a home in Northwest Bellevue, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 62 Days | 23 Days | -61.6% |
Summary: Homes in Northwest Bellevue had an average of 23 days on market in Apr 2024, down by 61.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northwest Bellevue are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 16 homes were sold in Northwest Bellevue; 81% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.