Western Washington Market Pulse
Bellevue Real Estate Market Report(Residential Homes)
Live NWMLS data on Bellevue home prices, inventory, days on market, and sale-to-list ratios — refreshed every month so your next move starts with current numbers, not last year’s headlines.
Bellevue Market Pulse
Four indicators that tell you where the Bellevue residential market is heading — sourced directly from NWMLS and refreshed monthly.
A headline number rarely tells the whole story.
Scroll down for the complete view — every chart, every data point, three full years of context. Because the difference between a good decision and a great one is almost always in the trendline beneath the number.
See all graphs & dataSource: Northwest Multiple Listing Service® via InfoSparks (ShowingTime). Residential sales, Bellevue segment. Reported figures are NWMLS data and are not guaranteed. Equal Housing Opportunity. Matthew Konsmo · Coldwell Banker Danforth.
June 2026 — Matthew’s Analysis of the Bellevue Market
In June 2026, the median sales price across Bellevue residential came in at $1.75M, down 18.1% from the month prior, while the median price per square foot stood at $680. Year over year the median is down 16.7%, a signal of some give in pricing power in this market.
On the supply side, Bellevue saw 208 new listings come to market in June 2026, against 355 homes for sale at month end. Active inventory is up 50.4% from a year ago, giving buyers a wider field of choices than they had last year. At roughly 4.6 months of supply, that points to a relatively balanced market by the conventional rule of thumb (under three months favors sellers, over six favors buyers).
Demand stayed active: 107 pending sales and 113 closings in June 2026. The median home took about 11 days to sell — a steady, workable pace. Sellers are realizing about 96.8% of their original list price — below their original asking price, leaving room to negotiate.
Taken together, the ten indicators describe a balanced Bellevue market. Pricing has softened modestly year over year, while inventory and pace are the levers worth watching month to month. For a buyer or seller weighing a move, the right read is rarely a single headline number — it is the direction these series are trending together, which is exactly what the full charts below lay out.
Source: Northwest Multiple Listing Service® via InfoSparks (ShowingTime). Residential sales, Bellevue segment. Analysis by Matthew Konsmo · Coldwell Banker Danforth. Figures are NWMLS data and are not guaranteed.
Bellevue vs. Its 5 Closest Markets (Data through June 2026)
Six dimensions, scored relative to the 6 markets shown — the farther a city's line reaches, the stronger it reads on that dimension. Tap a city in the legend to show or hide it.
Bellevue Housing Market Trends & Residential Sales Data
Thinking about buying or selling a residential home in Bellevue? This page tracks the Bellevue real estate market using live Northwest Multiple Listing Service (NWMLS) data—updated monthly with median sale prices, days on market, closed sales, and inventory levels.
Because Bellevue ranges from downtown high-rise condos and walkable urban cores to established single-family neighborhoods and luxury Lake Washington waterfront, tracking localized data is essential for understanding general market direction. Whether you are timing a purchase or preparing to list, the data below provides a clear, objective look at current market conditions.
Looking for a more localized market perspective? Explore my hyper-local neighborhood guides for a micro view of specific real estate markets across the city, from Eastgate to Factoria.
Buying or selling a condo in Bellevue? Condo Market Trends >
How Bellevue Compares to Nearby Markets (Data through June 2026)
Median sales price, price per square foot, and median days on market across Bellevue and its 5 closest NWMLS markets. Open any city for its full Market Pulse.
| City | Median Sales Price | Price / SqFt | Median Days on Market |
|---|---|---|---|
| Bellevue Home market | $1,750,000 baseline | $680 baseline | 11 days baseline |
| Medina 1.4 mi away · View Market Pulse | $3,727,500 ▲ +113% vs Bellevue | $1,102 ▲ +62% vs Bellevue | 9 days ▼ −2 days vs Bellevue |
| Clyde Hill 1.7 mi away · View Market Pulse | $4,000,000 ▲ +129% vs Bellevue | $847 ▲ +25% vs Bellevue | 3 days ▼ −8 days vs Bellevue |
| Beaux Arts Village 1.7 mi away · View Market Pulse | $2,277,300 ▲ +30% vs Bellevue | $897 ▲ +32% vs Bellevue | 4 days ▼ −7 days vs Bellevue |
| Yarrow Point 2.5 mi away · View Market Pulse | $7,500,000 ▲ +329% vs Bellevue | $1,316 ▲ +94% vs Bellevue | 5 days ▼ −6 days vs Bellevue |
| Hunts Point 2.6 mi away · View Market Pulse | $17,370,000 ▲ +893% vs Bellevue | $3,135 ▲ +361% vs Bellevue | 79 days ▲ +68 days vs Bellevue |
Why Direct Comps Reign Supreme
While median and average prices are useful for identifying broad market shifts, they are often too “macro” when you are trying to value a specific front door. To find the true market value of a Bellevue home, nothing beats a direct comparable (comp).
Contact Matthew for a Comparable Market Analysis on your home >
Direct comps account for the critical nuances that broader statistics completely ignore:
Hyper-Locality Matters
Bellevue may be the clearest example of why averages fail. The city is split across multiple school districts—Bellevue, Lake Washington, and Issaquah—so two similar homes a short walk apart can fall in different attendance areas, a factor that alone can swing value by 5% to 10%. Add the contrast between West Bellevue and Enatai’s Lake Washington waterfront, the hillside view lots of Somerset and Cougar Mountain, the high-rise condo market downtown, and the redevelopment energy around the new 2 Line, Spring District, and BelRed, and a citywide median tells you almost nothing. A direct comp reflects the reality of the specific street and neighborhood.
Accounting for Quality and Finishes
Broad data points can’t distinguish between builder-grade finishes and high-end custom upgrades. Whether a home features standard laminate or custom mitered-edge quartz, direct comps allow for “line-item” adjustments. Bellevue’s range is enormous—from original mid-century homes in Lake Hills and Woodridge to ground-up modern construction in Bridle Trails and Clyde Hill-adjacent West Bellevue. Line-item adjustments ensure the premium investments made in a home’s interior are actually reflected in its valuation.
The “Vibe” Factor
Statistics often treat square footage as equal, but buyers don’t. A 1960s daylight rambler in Newport and a 2026 modern build near downtown might share the exact same footprint, yet they appeal to entirely different buyer pools. Using direct comps ensures you’re comparing “apples to apples” by matching the architectural style, character, and lifestyle appeal of a property.
The Bottom Line: If you want to know what a home is worth in today’s market, look past the ZIP code averages and focus on the three or four most similar properties that have closed nearby. That’s where the real data lives. Get the facts behind your home’s value. Contact me for a personalized CMA based on your Bellevue property’s specific characteristics and current market data.
Bellevue Market Questions, Answered by the Data
Written automatically from the live NWMLS numbers on this page — so the answers update themselves each month.