$10,000 Closing Credit*
$1,825,000
2,400 SqFt
4 Beds
•1 Full Bath, 1 Partial
Patti Hill, Listing Office: John L Scott RE West Seattle
Is Bellevue, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Bellevue has remained a Seller's Market.
Key Takeaway
Bellevue is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bellevue, WA
How much do homes in Bellevue, WA cost?
Median Sold Price
$1,550,542
$711/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$175,850(+12.8%)
Key Takeaway
Homes in Bellevue have sold for 12.8% more than they did a year ago.
Summary: The median home sold price in Bellevue was $1,550,542 in November 2024, up 12.8% from last year, and the median price per square foot was $711.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $570K | $849K | +48.9% |
| 2 Bedrooms | $661.5K | $760.4K | +15.0% |
| 3 Bedrooms | $1.2M | $1.3M | +6.5% |
| 4 Bedrooms | $1.6M | $1.8M | +10.4% |
| 5+ Bedrooms | $2.5M | $2.7M | +5.9% |
Summary: Bellevue housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 48.9%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 5.9%.
Median Sold Price Compared To Nearby Cities
| Newcastle | $1.2M | $1.6M | +33.3% |
| Seattle East | $1.1M | $1.3M | +17.6% |
| Bellevue | $1.3M | $1.5M | +12.8% |
| Mercer Island | $2.1M | $2.3M | +5.7% |
Housing Supply in Bellevue, WA
How many homes are available in Bellevue, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 475 | 381 | -19.8% |
Summary: The Bellevue real estate market had 381 homes for sale in November 2024, a 19.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 43 | 36 | -16.3% |
| 2 Bedrooms | 113 | 103 | -8.8% |
| 3 Bedrooms | 102 | 88 | -13.7% |
| 4 Bedrooms | 124 | 87 | -29.8% |
| 5+ Bedrooms | 93 | 67 | -28.0% |
Summary: The Bellevue housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.3%, 2 bedroom homes decreased by 8.8%, 3 bedroom homes decreased by 13.7%, 4 bedroom homes decreased by 29.8%, and 5+ bedroom homes decreased by 28%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 143 | 128 | -10.5% |
Asking Price vs. Sold Price
57 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
43 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bellevue, you may be able to get a good deal. 44.5% of homes here sold below asking price last month.
Summary: A total of 128 homes were sold or pending in Bellevue in November 2024, down by 10.5% month-over-month. Of the 128 sold homes, 45% were sold under asking, 22% were sold at asking, and 34% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 23 Days | +1.3% |
Summary: Homes in Bellevue had an average of 23 days on market in Nov 2024, up by 1.3% compared to last year.
Breakdown of Home Sale Times
98 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
10 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, 128 homes were sold in Bellevue; 77% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 8% 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.