$4,026 Closing Credit*
$339,000
684 SqFt
1 Bed
•1 Full Bath
Saira Djuned, Listing Office: HomeSmart One Realty
Is Bellevue, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$1,547,500
$711/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$190,132(+14.0%)
Key Takeaway
Homes in Bellevue have sold for 14% more than they did a year ago.
Summary: The median home sold price in Bellevue was $1,547,500 in October 2024, up 14% from last year, and the median price per square foot was $711.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $554.5K | $849K | +53.1% |
| 2 Bedrooms | $660.7K | $760K | +15.0% |
| 3 Bedrooms | $1.2M | $1.3M | +8.3% |
| 4 Bedrooms | $1.6M | $1.8M | +12.1% |
| 5+ Bedrooms | $2.5M | $2.6M | +5.2% |
Summary: Bellevue housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 53.1%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 5.2%.
Median Sold Price Compared To Nearby Cities
| Newcastle | $1.2M | $1.6M | +34.5% |
| Seattle East | $1.1M | $1.2M | +17.9% |
| Bellevue | $1.3M | $1.5M | +14.0% |
| Mercer Island | $2.1M | $2.3M | +5.1% |
Housing Supply in Bellevue, WA
How many homes are available in Bellevue, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 470 | 516 | +9.8% |
Summary: The Bellevue real estate market had 516 homes for sale in October 2024, a 9.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 41 | 48 | +17.1% |
| 2 Bedrooms | 103 | 129 | +25.2% |
| 3 Bedrooms | 106 | 112 | +5.7% |
| 4 Bedrooms | 114 | 127 | +11.4% |
| 5+ Bedrooms | 106 | 100 | -5.7% |
Summary: The Bellevue housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.1%, 2 bedroom homes increased by 25.2%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes decreased by 5.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 141 | 132 | -6.4% |
Asking Price vs. Sold Price
58 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
47 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bellevue, you may be able to get a good deal. 43.9% of homes here sold below asking price last month.
Summary: A total of 132 homes were sold or pending in Bellevue in October 2024, down by 6.4% month-over-month. Of the 132 sold homes, 44% were sold under asking, 20% were sold at asking, and 36% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 20 Days | -38.4% |
Summary: Homes in Bellevue had an average of 20 days on market in Oct 2024, down by 38.4% compared to last year.
Breakdown of Home Sale Times
97 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
4 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 October 2024, 132 homes were sold in Bellevue; 73% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 3% 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.