Is West 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, West Bellevue has remained a Seller's Market.
Key Takeaway
West Bellevue is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Bellevue, WA
How much do homes in West Bellevue, WA cost?
Median Sold Price
$1,687,000
$976/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in West Bellevue have sold for 20.6% less than they did a year ago.
Summary: The median home sold price in West Bellevue was $1,687,000 in March 2024, down 20.6% from last year, and the median price per square foot was $976.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $383.8K | $1.0M | +179.8% |
| 2 Bedrooms | $720K | $1.1M | +63.1% |
| 3 Bedrooms | $1.7M | $1.8M | +2.1% |
| 4 Bedrooms | $2.5M | $2.1M | -12.8% |
| 5+ Bedrooms | $3.6M | $4.2M | +14.6% |
Summary: West Bellevue housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 179.8%, 2 bedroom homes increased by 63.1%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 12.8%, and 5+ bedroom homes increased by 14.6%.
Housing Supply in West Bellevue, WA
How many homes are available in West Bellevue, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 51 | 51 | 0.0% |
Summary: The West Bellevue real estate market had 51 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 13 | +62.5% |
| 2 Bedrooms | 19 | 15 | -21.1% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 12 | 10 | -16.7% |
Summary: The West Bellevue housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 62.5%, 2 bedroom homes decreased by 21.1%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 26 | 21 | -19.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Bellevue, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 21 homes were sold or pending in West Bellevue in March 2024, down by 19.2% month-over-month. Of the 21 sold homes, 24% were sold under asking, 67% were sold at asking, and 10% were sold over asking.
Days on Market for West Bellevue, WA
How long does it take to sell a home in West Bellevue, WA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 52 Days | 14 Days | -72.9% |
Summary: Homes in West Bellevue had an average of 14 days on market in Mar 2024, down by 72.9% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in West Bellevue are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 21 homes were sold in West Bellevue; 86% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 5% 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.