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 eight days on the market, with 133 homes sold in March, up from 116 the previous year.
Rental prices 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 relatively stable rental market.
New developments are contributing to Bellevue’s growth. High Street Residential and MetLife Investment Management have announced plans for an eight-story, 214-unit multifamily community near the Wilburton Light Rail Station. This transit-oriented project aims to enhance connectivity and provide additional housing options in the area.
These developments reflect Bellevue’s ongoing transformation into a dynamic urban center, offering diverse housing options and improved transit infrastructure to meet the needs of its growing population.