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Featured local agent — Bellevue, WA
Sarah Mitchell
Compass Real Estate · Bellevue, WA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Bellevue, WA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.40Mmedian sale price
How is the Bellevue, WA housing market right now?
The median home sale price in Bellevue, WA is $1.40M, down 15.3% year-over-year. Homes sell in an average of 15 days with 521 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Bellevue a buyer's or seller's market?
Bellevue, WA is currently a balanced market, based on 4.2 months of supply and homes selling in about 15 days. How we determine this →
Homes sold
125
Last 12 weeks
Days on market
15
Fast-moving
Active listings
521
4.2 months supply
Sale-to-list
99.1%
Below asking
What does the Bellevue housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.40M |
| Median list price | $1.60M |
| Year-over-year price change | -15.3% |
| Average days on market | 15 days |
| Active inventory | 521 listings |
| Months of supply | 4.2 months |
| Sale-to-list price ratio | 99.1% |
| Median price per sq ft | $663/sq ft |
| Homes sold (latest month) | 125 |
| New listings (latest month) | 306 |
| Listings with a price cut | 29.9% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Bellevue by property type?
How the Bellevue, WA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.96M | $694/sq ft | 80 | 10 days |
| Condo / Co-op | $545,000 | $600/sq ft | 29 | 13 days |
| Townhouse | $775,000 | $582/sq ft | 15 | 63 days |
Source: Redfin · Updated monthly
The Bellevue housing market is currently classified as a balanced market with a median sale price of $1.40M. Prices have fallen 15.3% compared to last year, with homes spending an average of 15 days on market, indicating 4.2 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 9.1x provides context for how home values compare to local earning capacity.
Homes for sale in Bellevue
There are currently 521 homes listed for sale in Bellevue, Washington. The median listing price is $1.6M.
Active listings
521
Homes on market
Median list price
$1.6M
Avg. days on market
15
Days until sale
New this week
306
Newly listed
Who lives in Bellevue?
Population
151,199
Median income
$161,300/yr
Median age
38.3 years
Owner-occupied
51.9%
College grads
71.4%
Avg commute
23.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Bellevue?
Zillow home value
$1.47M
Zillow rent index
$2,796/mo
Price-to-rent ratio
43.8x
Price-to-income
9.1x
Source: Zillow Research
What is it like to live in Bellevue?
Bellevue is a community of approximately 151K residents with a median age of 38.3 years.The median household income is $161,300, which reflects a relatively affluent area with strong earning potential. 71.4% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 51.9%, showing a blend of owner and renter-occupied properties. The average commute time is 23.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Bellevue offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Bellevue?
31 schools tracked · 20,299 students
The largest public schools serving Bellevue, WA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Newport Senior High School
Grades 9-12 · 1,844 students
Bellevue High School
Grades 9-12 · 1,634 students
Interlake Senior High School
Grades 9-12 · 1,604 students
Sammamish Senior High
Grades 9-12 · 1,332 students
Odle Middle School
Grades 6-8 · 919 students
Tyee Middle School
Grades 6-8 · 909 students
Chinook Middle School
Grades 6-8 · 735 students
Somerset Elementary School
Grades K-5 · 714 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Bellevue, WA?
Want a head-to-head view? Compare Bellevue side-by-side with any other U.S. city using our market-comparison tool.
Is Bellevue a good real estate investment market?
For investors evaluating Bellevue, the price-to-rent ratio of 43.8x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 15.3% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Bellevue's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Bellevue's median home price.
Frequently asked questions
What is the average home price in Bellevue?
The median home sale price in Bellevue is $1.40M, down 15.3% from last year.
How long do homes stay on market in Bellevue?
Homes typically spend 15 days on market before going under contract.
What is the median income in Bellevue?
The median household income is $161,300 per year.
Is Bellevue a buyer's or seller's market?
With 4.2 months of supply, Bellevue is currently a balanced market.
What is the Zillow home value estimate for Bellevue?
The Zillow Home Value Index (ZHVI) for Bellevue is $1.47M, representing the typical home value in the area.
What is the median condo price in Bellevue?
The median condo/co-op sale price in Bellevue, WA is $545,000, compared to $1.96M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Bellevue?
The median single-family home price in Bellevue, WA is $1.96M (about $694 per square foot).
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