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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 housing market, you can feel the shift happening in real time.
Single family homes under $1.1 million are becoming extremely limited and that is starting to reshape how buyers are approaching this market.
What the Numbers Are Showing
Homes are still moving fast. The average home is going pending in about 6 days, which is the same pace we saw last year.
Sellers are still getting very close to their asking price, even as price points climb higher.
Where the Market Is Shifting
Under $1.1M
This price point is almost disappearing. When something hits the market here, buyers are competing immediately.
$1.2M to $1.6M
This is where things feel more balanced. Homes are still selling, but buyers have just enough time to think and compare options.
$1.7M and above
This segment is still very active. Buyers at this level are moving quickly and showing confidence in Bellevue long term.
What This Means
For buyers, waiting could actually work against you here. As inventory shrinks at the lower end, you may get pushed into a higher price range.
For sellers, this is still a strong position. If your home is priced correctly, you can expect solid activity and strong offers.
My Take
Bellevue is not one market. The lower end and higher end are both competitive, while the middle is where buyers have the most opportunity.
That is where strategy matters. Knowing where you sit changes everything.
Thinking About Buying or Selling in Bellevue?
👉 Request your free Equity Assessment
👉 Or reach out to talk through your strategy
Moving to Bellevue, WA
Brandice Raybourn
brandice@snohomesbybrandice.com
