Bellevue Market Hot Take: What’s Really Happening Over $2.05M

You don’t need to time the market. You need to understand it.

If you follow Bellevue real estate, the hottest activity right now is not where most people expect it to be. The strongest movement this month is happening in the high-end tier, specifically for residential resale homes priced above $2.05 million. This range is acting like its own separate market, and it is moving fast.

Here is what the data is showing. There are fifty eight homes for sale, thirteen under contract, and fourteen sold this month. Homes in this tier are going pending in a median of seven days, landing at ninety seven point four percent of their original asking price, with thirteen showings to pending. That is incredibly strong for Bellevue and a clear sign that well priced, well presented listings in this luxury range are getting attention immediately.

What this tells me is simple. Buyers in this price point are decisive, they know exactly what they want, and they are willing to move quickly when a home is dialed in. Sellers have leverage, but only if their home checks the boxes. Good presentation and realistic pricing are still the key to getting results here. This is not a market where you can just throw a number out and hope buyers chase it. The homes performing well are the ones that line up with current expectations.

If you want the full Bellevue price point report or you want to see how your specific neighborhood is performing, you can get that here:

Check out full report here

Or if you want me to break down your personal price point or equity estimate, just reach out and I will walk you through it. brandice@snohomesbybrandice.com