Is Bellevue, WA 98007 a buyer’s or seller’s market?

The Bellevue housing market right now

In the three months ending August 31, 2026, 9% of homes in Bellevue, WA 98007 sold above their list price, the typical home went under contract in 20 days and there were 4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 60 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 18%, homes sold more slowly (11 days then) and the median sale price rose 1% to $1,159,498. Overall, Bellevue is less competitive than a year ago, which gives buyers more room.

Within King County, homes here sell more slowly than in 58% of the county’s ZIP codes, and sell less often over asking than in 82%. On our competition score, Bellevue ranks #258 of 298 WA ZIP codes with enough sales (score 37 out of 100).

Nearby, buyers who want less competition could look at Skykomish 98288 (0% sold over asking) or Baring 98224 (0% sold over asking), while Seattle 98155 (43% sold over asking) and Seattle 98136 (41% sold over asking) are even more competitive.