Bellevue’s real estate market has experienced notable shifts recently, reflecting broader regional trends. As of June 2026, the median home price in Bellevue 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 current inventory comprises 624 active listings, equating to 4.5 months of supply. This balance indicates a market where neither buyers nor sellers hold a distinct advantage. Homes are selling in a median of 19 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 those considering renting in Bellevue, the average rent is $2,796 as of June 2026. This figure is higher than the national average of $1,965, reflecting Bellevue’s desirability and the premium associated with living in this area.
Looking Ahead
While the market has cooled slightly, Bellevue remains a sought-after location due to its strong job market and quality amenities. Prospective buyers and renters should stay informed about ongoing developments and consider their long-term goals when making decisions in this evolving landscape.