Is 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, Bellevue has remained a Seller's Market.
Housing Prices in Bellevue, WA
How much do homes in Bellevue, WA cost?
Median Sold Price
$1,433,052
$678/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bellevue was $1,433,052 in April 2024, up 7.9% from last year, and the median price per square foot was $678.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $550K | $750K | +36.4% |
2 Bedrooms | $661.6K | $720.8K | +8.9% |
3 Bedrooms | $1.2M | $1.3M | +7.8% |
4 Bedrooms | $1.6M | $1.6M | +4.1% |
5+ Bedrooms | $2.5M | $2.6M | +4.5% |
Summary: Bellevue housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.4%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 4.5%.
Median Sold Price Compared To Nearby Cities
Seattle East | $1.0M | $1.1M | +8.9% |
Bellevue | $1.3M | $1.4M | +7.9% |
Newcastle | $1.4M | $1.4M | 0.5% |
Mercer Island | $2.2M | $2.2M | -0.9% |
Housing Supply in Bellevue, WA
How many homes are available in Bellevue, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
400 | 463 | +15.8% |
Summary: The Bellevue real estate market had 463 homes for sale in April 2024, a 15.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 45 | 48 | +6.7% |
2 Bedrooms | 86 | 101 | +17.4% |
3 Bedrooms | 82 | 93 | +13.4% |
4 Bedrooms | 101 | 116 | +14.9% |
5+ Bedrooms | 86 | 105 | +22.1% |
Summary: The Bellevue housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes increased by 22.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
144 | 144 | 0.0% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
72 Homes Were Sold
Over Asking
Summary: A total of 144 homes were sold or pending in Bellevue in April 2024, the same as the previous month. Of the 144 sold homes, 32% were sold under asking, 18% were sold at asking, and 50% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 23 Days | -31.5% |
Summary: Homes in Bellevue had an average of 23 days on market in Apr 2024, down by 31.5% compared to last year.
Breakdown of Home Sale Times
116 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Summary: During April 2024, 144 homes were sold in Bellevue; 81% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.