This is a previous market report. For the most up to date Bellevue market data, view the latest report below.

Bellevue Market Reports - Updated Monthly Bellevue Housing Market April 2026 Resale Price Point Breakdown

Bellevue Washington Housing Update for December 2025

Bellevue is not behaving like a single market right now… and the luxury segment is leading everything.

If you’ve been watching the Bellevue housing market, you can see it clearly in the numbers. This is not one market. It is multiple markets moving at completely different speeds depending on price point.

This breakdown focuses on residential resale only and is based on my manual review of NWMLS data across Bellevue.

The Luxury Market Is Leading the Way

The most interesting part of this month’s data is the price range above $2.05M.

This should be the slowest segment, but it is one of the most competitive right now. Nearly half of all available inventory sits in this range, and homes are still going pending in about a week.

Buyers at this level are decisive. They know what they want and move quickly when the right property hits.

Sellers are holding pricing power, but only when the home is positioned correctly.

Mid to Upper Price Ranges Still Favor Sellers

From the mid range up into luxury, the market continues to favor sellers.

Homes are moving consistently, list-to-sale price ratios remain strong, and demand is steady.

Inventory has increased compared to past years, but not enough to shift leverage away from sellers.

The Lower Range Is the Calmest Segment

The lower price ranges are where you see the most balance.

Homes are still selling, but buyers have more time to evaluate options and are negotiating more carefully.

This is not a weak market. It is simply the slowest segment compared to the rest of Bellevue.

What This Means for Buyers and Sellers

Bellevue is still a strong market across almost every price range, but your experience will depend entirely on where you fall.

Luxury is moving fast. Mid and upper ranges favor sellers. Lower price points offer more balance.

A seller at $1.1M and a seller at $2.5M are operating in completely different markets right now.

That is where strategy matters.

Brandice’s Final Thoughts on Bellevue

This is a market where the higher price points are setting the tone. While Bellevue looks strong overall, a lot of that strength is coming from the luxury segment, which is moving faster and holding pricing better than expected. The rest of the market is still active, but it is not moving with the same urgency.

• Buyer Tip
Pay attention to where your budget falls. If you are in the luxury or upper ranges, competition can still be strong and you may need to act quickly. In the lower ranges, you have more time to evaluate and negotiate.

• Seller Tip
Do not assume the entire market is as strong as the headlines suggest. Some price ranges are performing better than others. Your pricing and strategy need to reflect where your home actually sits, not what the overall market is doing.

Want to Know Where You Fit In?

If you want your numbers broken down or want to understand how your home would perform in today’s market, I can walk you through it by price point or neighborhood.