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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Bellevue is a seller's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

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

Housing Prices in West Bellevue, WA

How much do homes in West Bellevue, WA cost?

Median Sold Price

$2,000,000

$982/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$245,400(+14.0%)

Key Takeaway

Homes in West Bellevue have sold for 14% more than they did a year ago.

Summary: The median home sold price in West Bellevue was $2,000,000 in December 2024, up 14% from last year, and the median price per square foot was $982.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $1.0M$1.0M
0.0%
2 $720K$1.7M
+139.4%
3 $1.7M$2.0M
+12.2%
4 $2.2M$2.8M
+27.1%
5+ $4.3M$4.1M
-4.0%

Summary: West 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 139.4%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 27.1%, and 5+ bedroom homes decreased by 4%.

Housing Supply in West Bellevue, WA

How many homes are available in West Bellevue, WA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3622-38.9%

Summary: The West Bellevue real estate market had 22 homes for sale in December 2024, a 38.9% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 21
-50.0%
2 95
-44.4%
3 52
-60.0%
4 74
-42.9%
5+ 1310
-23.1%

Summary: The West Bellevue housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 44.4%, 3 bedroom homes decreased by 60%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes decreased by 23.1%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
168-50.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Bellevue, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in West Bellevue in December 2024, down by 50.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.

Days on Market for West Bellevue, WA

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

Average Sale Time

Dec 2023Dec 2024CHANGE
19 Days79 Days+313.9%

Summary: Homes in West Bellevue had an average of 79 days on market in Dec 2024, up by 313.9% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 8 homes were sold in West Bellevue; 63% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 38% 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 2 Days Ago

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