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.
Inventory levels have seen a slight increase, with 344 homes available in March 2026, representing a 0.32% year-over-year rise. The months of supply now stand at 2.6, up from 2.33 last year, indicating a modest shift towards a more balanced market.
In terms of new developments, Avenue Bellevue is set to introduce the Nobu Residences, offering state-of-the-art designs and hospitality-inspired living. These residences, starting from the $700,000s, aim to provide contemporary ease and sophistication in the heart of downtown Bellevue.
Overall, Bellevue’s real estate market is adapting to changing dynamics, with slight price adjustments and increased inventory. Prospective buyers and sellers should stay informed about these trends to make well-informed decisions in this evolving landscape.