Is Northeast Bellevue, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northeast Bellevue is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Northeast Bellevue has remained a Seller's Market.

Key Takeaway

Northeast Bellevue is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Northeast Bellevue, WA

How much do homes in Northeast Bellevue, WA cost?

Median Sold Price

$1,510,000

$724/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$110,050(+7.9%)

Key Takeaway

Homes in Northeast Bellevue have sold for 7.9% more than they did a year ago.

Summary: The median home sold price in Northeast Bellevue was $1,510,000 in December 2024, up 7.9% from last year, and the median price per square foot was $724.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$1.3M
N/A
2 $610K$662K
+8.5%
3 $1.1M$1.3M
+9.2%
4 $1.3M$1.6M
+18.5%
5+ $2.5M$1.8M
-27.5%

Summary: Northeast Bellevue housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes decreased by 27.5%.

Housing Supply in Northeast Bellevue, WA

How many homes are available in Northeast Bellevue, WA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2816-42.9%

Summary: The Northeast Bellevue real estate market had 16 homes for sale in December 2024, a 42.9% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 11
0.0%
3 107
-30.0%
4 125
-58.3%
5+ 53
-40.0%

Summary: The Northeast Bellevue housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 30%, 4 bedroom homes decreased by 58.3%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1411-21.4%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northeast Bellevue, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in Northeast Bellevue in December 2024, down by 21.4% month-over-month. Of the 11 sold homes, 27% were sold under asking, 27% were sold at asking, and 45% were sold over asking.

Days on Market for Northeast Bellevue, WA

How long does it take to sell a home in Northeast Bellevue, WA?

Average Sale Time

Dec 2023Dec 2024CHANGE
37 Days13 Days-63.9%

Summary: Homes in Northeast Bellevue had an average of 13 days on market in Dec 2024, down by 63.9% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Northeast Bellevue are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 11 homes were sold in Northeast Bellevue; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

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