Is West 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, West Bellevue has remained a Seller's Market.
Housing Prices in West Bellevue, WA
How much do homes in West Bellevue, WA cost?
Median Sold Price
$1,653,000
$968/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in West Bellevue was $1,653,000 in April 2024, down 22.2% from last year, and the median price per square foot was $968.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $400.9K | $1.0M | +167.9% |
2 Bedrooms | $685K | $1.1M | +71.4% |
3 Bedrooms | $1.7M | $1.8M | +2.8% |
4 Bedrooms | $2.5M | $2.1M | -12.8% |
5+ Bedrooms | $3.5M | $4.2M | +17.7% |
Summary: West Bellevue housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 167.9%, 2 bedroom homes increased by 71.4%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 12.8%, and 5+ bedroom homes increased by 17.7%.
Housing Supply in West Bellevue, WA
How many homes are available in West Bellevue, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
49 | 40 | -18.4% |
Summary: The West Bellevue real estate market had 40 homes for sale in April 2024, a 18.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 8 | -38.5% |
2 Bedrooms | 13 | 9 | -30.8% |
3 Bedrooms | 8 | 10 | +25.0% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The West Bellevue housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 38.5%, 2 bedroom homes decreased by 30.8%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 11 | -47.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 11 homes were sold or pending in West Bellevue in April 2024, down by 47.6% month-over-month. Of the 11 sold homes, 55% were sold under asking, 36% were sold at asking, and 9% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
33 Days | 30 Days | -7.4% |
Summary: Homes in West Bellevue had an average of 30 days on market in Apr 2024, down by 7.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in West Bellevue; 64% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.