Bellevue, Washington Housing Market Update | April 2025
April 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 held steady this spring, but that stability tells an important story. The median sales price reached $2.01M, a modest 1% increase from the previous year.
Homes that are priced correctly are still moving quickly, averaging about 6 days on market.
Inventory expanded compared with the prior year, giving buyers more options, but demand is still strong enough to keep the market moving.
Closed sales were slightly lower, showing buyers are becoming more selective at higher price points.
What This Means Across Bellevue's Resale by Price Points
Homes under about $1.15M remained extremely limited.
The $1.15M to $1.45M range remained active but more balanced.
The $1.45M to $1.93M range continued to see strong demand.
At the $1.93M and above level, inventory expanded, giving buyers more time to evaluate options.
Bellevue Market Snapshot
The median price held around $2.01M.
Homes averaged 6 days on market.
Inventory increased to 127 homes available.
Homes sold for 101.2% of their original list price.
Overall, the market remained competitive while giving buyers slightly more breathing room.
Thinking About Buying or Selling in Bellevue?
If you are considering buying or selling in Bellevue, feel free to reach out anytime.
Recent Bellevue Market Reports
April 2025
March 2025
February 2025
January 2025
December 2024
October 2024
