Is Bellevue, WA 98009 a buyer’s or seller’s market?
Bellevue is a balanced market. With about 5 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Bellevue housing market right now
In the three months ending August 31, 2026, 0% of homes in Bellevue, WA 98009 sold above their list price, the typical home went under contract in 1 day and there were 5 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. With only 7 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (9 days then) and the median sale price fell 11% to $671,709. Overall, Bellevue is about as competitive as it was a year ago.
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Where Bellevue is
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Questions about Bellevue real estate
Is Bellevue a buyer’s or seller’s market?
A balanced market: there were 5 months of supply in Bellevue, WA 98009 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Bellevue?
The typical home went under contract in 1 days in the latest three months.
Do homes in Bellevue sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 99.2% of the list price.
What is the median home price in Bellevue?
The median sale price was $671,709 in the three months ending August 31, 2026, about $1,508 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology