Bellevue’s real estate market has experienced notable shifts recently, 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 rates in Bellevue remain higher than the national average. As of April 2026, the average rent was $2,688, compared to the national average of $1,930.
New developments are contributing to Bellevue’s growth. Notably, Avenue Bellevue is introducing the Nobu Residences, offering luxury living options starting from the $700,000s.
These trends indicate a dynamic real estate environment in Bellevue, with opportunities for both buyers and renters to find properties that suit their needs.