$5,106 Closing Credit*
$430,000
1,412 SqFt
3 Beds
•2 Full Baths, 1 Partial
Christian R Jackson, Listing Office: Keller Williams Preferred Properties
Is Bellevue, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Bellevue was a Seller's Market.
Key Takeaway
Bellevue is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bellevue, DC
How much do homes in Bellevue, DC cost?
Median Sold Price
$298,000
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$67,000(-18.4%)
Key Takeaway
Homes in Bellevue have sold for 18.4% less than they did a year ago.
Summary: The median home sold price in Bellevue was $298,000 in November 2024, down 18.4% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $61.5K | $78.2K | +27.2% |
| 2 Bedrooms | $415K | $282.5K | -31.9% |
| 3 Bedrooms | $365K | $390K | +6.8% |
| 4 Bedrooms | $464.5K | $412.5K | -11.2% |
| 5+ Bedrooms | $449.9K | $364.5K | -19.0% |
Summary: Bellevue housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.2%, 2 bedroom homes decreased by 31.9%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 11.2%, and 5+ bedroom homes decreased by 19%.
Median Sold Price Compared To Nearby Neighborhoods
| Washington Highlands | $407K | $370.8K | -8.9% |
| Congress Heights | $407.5K | $360K | -11.7% |
| Congress Heights / Bellevue / Washington Highlands | $404.5K | $350K | -13.5% |
| Bellevue | $365K | $298K | -18.4% |
Housing Supply in Bellevue, DC
How many homes are available in Bellevue, DC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 27 | +28.6% |
Summary: The Bellevue real estate market had 27 homes for sale in November 2024, a 28.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Bellevue housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Bellevue, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Bellevue in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Bellevue, DC
How long does it take to sell a home in Bellevue, DC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 38 Days | +25.6% |
Summary: Homes in Bellevue had an average of 38 days on market in Nov 2024, up by 25.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bellevue are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Bellevue; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
