Bellevue’s real estate market is experiencing notable shifts, reflecting broader regional trends. As of March 2026, the median sale price for homes in Bellevue was $1.5 million, marking a 6.7% decrease from the previous year. Homes are selling swiftly, averaging just 8 days on the market, with 133 homes sold in March, up from 116 the previous year.
Rental prices in Bellevue remain robust, with the median rent at $3,200 per month. This positions Bellevue’s rental market above the national average, indicating sustained demand for rental properties.
In terms of development, Bellevue is witnessing significant growth. High Street Residential, in partnership with MetLife Investment Management, has announced plans for an eight-story, 214-unit multifamily community near the Wilburton Light Rail Station. This transit-oriented development aims to enhance connectivity and provide additional housing options in the area.
These developments underscore Bellevue’s dynamic real estate landscape, offering opportunities for both buyers and renters in a rapidly evolving market.