Bellevue’s real estate market is experiencing notable shifts, reflecting broader regional trends. As of June 2026, the median home price stands at $1,600,000, marking a 5.9% decrease compared to the same period last year. This decline suggests a cooling market, offering potential opportunities for buyers.
Market Dynamics
The city currently has 648 active listings, equating to 4.5 months of inventory. This balance indicates a market where neither buyers nor sellers have a distinct advantage. Homes are selling in a median of 20 days, with an average sale-to-list price ratio of 97.9%, suggesting that properties are generally selling close to their asking prices.
Rental Market Insights
For renters, the median rent price in Bellevue is $3,100 per month. Year-over-year, rent prices have seen a slight decrease of 0.41%, indicating a modest softening in the rental market.
Looking Ahead
While the market shows signs of cooling, Bellevue’s strong economic fundamentals and desirable amenities continue to make it an attractive place to live. Prospective buyers and renters should stay informed about ongoing trends to make well-informed decisions in this evolving landscape.