$12,500,000
5,640 SqFt
5 Beds
•1 Full Bath, 1 Partial
Terry Allen, Listing Office: Coldwell Banker Bain
Is West 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, 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
$1,810,000
$1,101/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$145,800(-7.5%)
Key Takeaway
Homes in West Bellevue have sold for 7.5% less than they did a year ago.
Summary: The median home sold price in West Bellevue was $1,810,000 in October 2024, down 7.5% from last year, and the median price per square foot was $1,101.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $940K | $1.0M | +14.3% |
| 2 Bedrooms | $685K | $1.5M | +129.8% |
| 3 Bedrooms | $1.7M | $1.9M | +11.6% |
| 4 Bedrooms | $2.1M | $2.4M | +11.2% |
| 5+ Bedrooms | $4.3M | $4.0M | -6.3% |
Summary: West Bellevue housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 129.8%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes decreased by 6.3%.
Housing Supply in West Bellevue, WA
How many homes are available in West Bellevue, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 49 | 47 | -4.1% |
Summary: The West Bellevue real estate market had 47 homes for sale in October 2024, a 4.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 13 | 15 | +15.4% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 14 | 10 | -28.6% |
Summary: The West Bellevue housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 11 | -26.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Bellevue, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in West Bellevue in October 2024, down by 26.7% month-over-month. Of the 11 sold homes, 64% were sold under asking, 9% were sold at asking, and 27% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 39 Days | 31 Days | -20.0% |
Summary: Homes in West Bellevue had an average of 31 days on market in Oct 2024, down by 20% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Bellevue are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in West Bellevue; 64% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% 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.