Bellevue, Washington Housing Market Update | March 2025
March 2025
Quick Take
This analysis is based on my review of Bellevue single-family home market data and year-over-year trends.
The Bellevue housing market stayed strong early in the year, with home values holding steady and buyers still moving quickly when the right property appears.
The median sales price reached $1.862M, a modest 1% increase compared with the previous year.
Homes were selling very quickly, averaging about 5 days on market.
Inventory increased compared with last year, giving buyers a few more options while still maintaining a fast-moving market.
Closed sales also increased slightly, showing that buyers were still active despite higher price points.
What This Means Across Bellevue's Resale by Price Points
Homes priced under about $1.15M remained extremely limited.
The $1.15M to $1.45M range stayed active with steady demand.
The $1.45M to $1.93M range remained strong with continued buyer competition.
Homes priced above $1.93M saw increased inventory, giving buyers more time to evaluate options.
Bellevue Market Snapshot
The median price held around $1.86M.
Homes were going pending in about 5 days.
Inventory increased to 63 homes available.
Homes sold for 102.2% of their original list price on average.
Overall, Bellevue remained a competitive market where pricing and preparation played a major role in performance.
Thinking About Buying or Selling in Bellevue?
If you are thinking about buying or selling in Bellevue, feel free to reach out anytime.
Recent Bellevue Market Reports
March 2025
February 2025
January 2025
December 2024
October 2024
