Bellevue’s real estate market is experiencing notable shifts, reflecting broader regional trends. As of June 2026, the median home price stands at $1,600,000, marking a 5.9% decrease compared to the same period last year. This adjustment indicates a cooling market, offering potential opportunities for buyers.
Market Dynamics
The city currently has 624 active listings, equating to 4.5 months of inventory. This balance suggests a market where both buyers and sellers have negotiating power. Homes are selling in a median of 19 days, with an average sale-to-list price ratio of 97.9%, indicating that properties are selling close to their asking prices.
Rental Market Insights
For renters, the median rent price in Bellevue is $3,100 per month. Year-over-year, rent prices have seen a slight decrease of 0.41%, suggesting a stabilization in rental costs.
Looking Ahead
While the market has cooled, Bellevue’s strong economic fundamentals and desirable amenities continue to make it an attractive place to live. Prospective buyers and renters should stay informed about ongoing trends to make well-informed decisions in this evolving landscape.