Facebook
X
Pinterest
Copy Link
Bellevue Housing Market Update March 2026
By: Brandice Raybourn
Quick Take
Okay.
February numbers are in and wow, this feels umm different.
If the last few months felt slow and selective, February feels like buyers finally woke up. Inventory came up in a lot of price ranges and housing types, but instead of things dragging, homes are still selling. And in some ranges, they’re selling fast.
This is early spring energy starting to show.
Buyers didn’t disappear over winter. They were cautious. Now they’re moving.
Whole City
Across Bellevue, activity picked up in February. Homes are going under contract faster than they were in December and January. And what’s interesting is that this is happening even with more inventory coming on.
Nearly 100 new properties were added to the market from January to February. That is a ton of inventory across the board. And as a whole city, the median sales price went up over $100K.
That tells me demand is real. Buyers are submitting offers and going under contract, and they’re doing it quickly.
Now let’s look at how that played out across the city.
New Construction
New construction continues to perform.
Buyers who want clean condition and fewer unknowns are still choosing this path. Increased inventory has not created oversupply here. Builders are still getting nearly exactly what they’re asking for, and once it hits the market, it’s often already under contract.
Buyers, there is actually plenty of inventory in the new construction arena, so you have more options here than in any other housing type.
And don’t forget, most builders pay for your buyer’s agent. So bring one with you on your first visit. If you don’t have one yet… call me 😉
Condos
Condos improved in February.
Yes, they still have the highest days on market out of all the housing types, but they’re averaging about 25 days. Out of the 22 condos that sold in February, most were under contract in under a month.
So even here, things are moving.
Buyers who were sitting on the sidelines stepped back in. This doesn’t feel stuck anymore.
Townhomes
Townhomes are benefiting from timing too.
Last month I mentioned they were less forgiving, but oh how a month can change everything. Inventory that had been sitting most of the winter got bought up, new listings hit the market, and buyers stepped in.
When that happens, days on market shift quickly.
Buyers who want lower maintenance living are active again as we move closer to spring.
Want to See What’s Happening Right Now?
This report shows last month. If you're making a move today, the market has already shifted.
I track what’s happening in real time using the last 14 days of NWMLS activity so you can see exactly what buyers and sellers are doing in your price range right now.
You don’t need another report. You need to know what’s happening before you make a move.
Prefer to reach out directly? Email me here.
Every situation is different. I’ll tailor this to your goals, timing, and what you’re trying to decide.
Residential Resale Only
Under $1.199M
This range feels healthier.
Inventory is up a bit, and days on market are down. A lot of winter inventory cleared out in January, and now that new inventory is hitting the market, homes are moving faster compared to last month.
These homes were taking longer over winter and buyers had more room to negotiate. In February, that window started tightening. Things are still price sensitive here, but they’re not sitting the same way.
$1.2M to $1.449M
This range is steady and active.
There isn’t a lot of inventory, and sellers, take note. Out of the 9 homes that sold in this range last month, there was an average of 28 private showings per home.
That means a lot of people walking through your property. A lot of keeping your house clean. A lot of leaving during showings.
Those homes averaged about 8 days on market. That is a lot of preparation if you’re living in the home.
When a home is clean, updated, and priced right, buyers are not hesitating. They’re not reckless, but they are decisive.
$1.45M to $1.849M
This continues to be one of the fastest moving resale ranges.
If you blink, it’s pending.
When something feels turnkey and positioned correctly, buyers move quickly. There’s not much overthinking happening here.
Honestly, I feel like this is the sweet spot in Bellevue. If you’re a seller in this range, this has not been a difficult market, even during the winter months.
$1.85M to $2.149M
Even this range picked up.
A lot of inventory that was sitting during winter cleared out in January as well, which helped reset days on market going into February.
Last month sellers were seeing around 48 days on market and about 3 percent below original price. Now we’re seeing just over two weeks on average and nearly 2 percent more than sellers got in January.
That is a big shift in one month.
Luxury buyers are still thoughtful, but they are participating. February did not feel frozen at all compared to the last few months.
$2.15M and Above
This range is always more controlled, but it’s moving.
There were 39 homes for sale over $2.15M in February. That is a large part of the market. And just for perspective, the most expensive home currently listed in Bellevue is $79M.
That’s wild.
It’s selective. It’s strategic. But it’s not stalled.
Brandice’s Final Thoughts on Bellevue
This is where the market clearly picked up. After a slower and more selective winter, buyers stepped back in and activity increased across multiple price points. Homes are selling faster, even with more inventory hitting the market, which tells you demand is real and buyers are not just watching anymore.
• Buyer Tip
If you are in the market right now, be prepared. The slower pace from winter is shifting, and in many price ranges, waiting too long can cost you. You do not need to rush, but you do need to be ready when the right home comes up.
• Seller Tip
Momentum is back, but pricing still matters. Buyers are active, but they are not careless. The homes that are positioned well are moving quickly, while anything that feels off will still get passed over.
This is exactly why I publish these reports every month. Markets shift. And when they do, the details matter.
You don’t need to time the market. You need to understand it.
If you own a home in Bellevue and want to know how these numbers impact your equity specifically, request your free personalized Bellevue Equity Snapshot here.
Brandice Raybourn
Coldwell Banker Danforth
brandice@snohomesbybrandice.com
425-367-3881
Read last month's report here: Bellevue Housing Market Update | February 2026
Relocating to Bellevue? Check out my community page here: Moving to Bellevue, WA? Real Estate Insights with Brandice Raybourn
Brandice Raybourn is a data-driven real estate broker providing hyper-local housing market insights across Snohomish County and North King County.
Recent Bellevue Market Reports
March 2026
February 2026
January 2026
Under $1.149M
December 2025 Full Series
Wondering how this applies to your home or search? Start here:
Bellevue Real Estate Questions – March 2026
Yes. Homes across Bellevue went under contract in a median of 8 days. That’s a big shift from the slower winter pace and shows buyers are actively writing offers again. The most time spent on the market in Bellevue were Condos at just under 30 days.
Some are, but not like they were. Most of the winter inventory cleared out in January, and in February we saw homes moving much faster across nearly every price range. Even the slower segments picked up.
It depends on price range, but overall negotiation has tightened. Many homes are selling close to their original list price, and in several price bands buyers are acting quickly when a home feels right.
The $1.45M to $1.849M range and the $2.15M+ range both averaged around 6 days on market. Even the $1.2M to $1.449M range saw strong activity with homes going pending quickly after heavy showing traffic.
If your home is priced and presented correctly, February showed strong conditions for sellers across the board. Homes are moving quickly, and buyers are stepping in as new inventory hits the market.
