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 8 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 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 trends suggest a dynamic real estate environment in Bellevue, with opportunities for both buyers and renters. Staying informed about market developments is essential for making well-informed decisions in this evolving landscape.