Bellevue’s real estate market is experiencing notable shifts, reflecting broader regional trends. As of April 2026, the average home value in Bellevue stands at $1,527,243, marking a 3.3% decrease over the past year. Homes are typically going pending in about nine days, indicating a still-active market despite the price dip.
In the rental sector, the average rent in Bellevue is $2,688 as of April 2026, slightly above the national average of $1,930. This represents a modest year-over-year increase of 0.3%, suggesting a stable rental market.
New developments are also shaping Bellevue’s housing landscape. A notable project is the planned eight-story, 214-unit multifamily community near the Wilburton Light Rail Station. This transit-oriented development aims to enhance connectivity and provide additional housing options in the area.
Overall, while Bellevue’s real estate market is adjusting with slight declines in home values and stable rental rates, ongoing developments and the city’s strong economic foundation continue to make it an attractive location for residents and investors alike.