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 rates in Bellevue remain above the national average. As of April 2026, the average rent was $2,688, compared to the national average of $1,930. This represents a 0.3% year-over-year increase, indicating a stable rental market.
New developments are contributing to Bellevue’s dynamic housing landscape. Notably, Avenue Bellevue is set to become the future home of Nobu Residences Bellevue, offering state-of-the-art designs and hospitality-inspired living. Homes are available from the $700,000s, providing new options for prospective buyers.
These trends suggest a market in transition, with opportunities for both buyers and renters. Staying informed about these developments is crucial for making well-informed real estate decisions in Bellevue.