Bellevue Housing Market Update – August 2025

Soon there may be no homes left under $1.1M in Bellevue…

If you’ve been watching the Bellevue real estate market, you know how quickly things can change. And right now, the shift is clear: single-family homes priced under $1.1 million are nearly gone.

This isn’t just a headline—it’s what the numbers are showing us in real time. Let’s break it down.

📊 What the Numbers Say

• Days on Market: Homes in Bellevue are selling in just 6 days on average, the exact same pace as last year.

• List-to-Sale Price: Sellers are still getting nearly what they ask, even at higher price points.

• Price Point Activity:

  • Entry-level ($1.1M and below): Very limited supply, with buyers competing heavily.

  • Mid-tier ($1.2M – $1.6M): Homes are moving at a steadier pace, giving buyers just a bit more breathing room.

  • Luxury ($1.7M+): Surprisingly active—buyers in this range are still willing to move quickly, showing confidence in Bellevue’s long-term value.

What This Means for Buyers

If you’re waiting for prices to come back down, Bellevue may not be the market where that happens. With such low inventory under $1.1M, waiting could push you into a higher price bracket than you planned for.

The good news? Mid-tier buyers still have some room to negotiate, but that window is narrow.

What This Means for Sellers

It’s still a seller’s market, especially at the lower and higher ends. If your home is priced well, you can expect strong activity and offers close to list price and, in some cases, still get over.

My Take

When we look at Bellevue as a whole, it’s clear the lower and higher ends of the market are red hot, while the mid-tier gives buyers just a sliver of room to breathe. Sellers are still in control, but the story varies depending on where your home sits in the market.

Thinking of Buying or Selling in Bellevue?

Whether you’re considering making a move now or just keeping an eye on your home’s value, staying ahead of these shifts is key.

👉 Click here to request your free Equity Assessment (a deeper look at your current home value and options).
👉 Or, if you’re a buyer, let’s talk strategy so you don’t get priced out of the Bellevue market.