Bellevue Monthly Housing Report
Bellevue Housing Market Report
September 2026 | More Inventory, Fewer Closings, and a Divided Luxury Market
Quick Take
Bellevue Had Buyers, but Sellers Faced Much More Competition
Bellevue had 629 homes for sale in August, 48.3% more than one year earlier. Pending sales were nearly flat at 131, while closings fell to 106.
The market changed by segment. Condos and the lowest resale range gave buyers strong negotiating room. New-construction pendings doubled. Townhomes received full original asking on the middle sale, and the $1.45 million to $1.85 million resale range moved in six days.
Seller pressure was visible: 121 listings were canceled, 35 expired, 9 expired in the final seven days, and 16 active listings reduced their prices.
My bottom line: Bellevue buyers were active, but more supply made pricing and presentation much more important.
What Happened Across Bellevue in August 2026?
These figures cover all Bellevue property types reported by NWMLS and were refreshed September 2, 2026.
Whole-City Snapshot
Bellevue | August 2026
- Homes for sale
- 629 August 2025: 424 | 48.3% higher
- Went under contract
- 131 August 2025: 134 | 2.2% lower
- Closed sales
- 106 August 2025: 125 | 15.2% lower
- Time to contract*
- 19 days August 2025: 13 days | 6 days slower
- Original asking received*
- 96.1% August 2025: 97.0% | Sellers received 3.9% less than original asking
- Median sales price
- $1,512,500 August 2025: $1,525,000 | 0.8% lower
Listings That Did Not Sell
156 Bellevue Listings Failed to Sell
Another 16 active listings reduced their prices during the final seven days. More than 100 sellers did not reach the finish line even though buyers were still active.
How Did Bellevue Housing Types Perform?
New Construction
Bellevue | August 2026
- Homes for sale
- 109 August 2025: 61 | 78.7% higher
- Went under contract
- 20 August 2025: 10 | 100.0% higher
- Closed sales
- 14 August 2025: 15 | 6.7% lower
- Time to contract*
- 13 days August 2025: 11 days | 2 days slower
- Original asking received*
- 98.6% August 2025: 100.0% | Sellers received 1.4% less than original asking
- Median sales price
- $2,850,000 August 2025: $3,000,000 | 5.0% lower
Bellevue New Construction Summary for August 2026
New-construction inventory increased sharply and pending sales doubled, while closings were nearly unchanged. Successful sales took 13 days and needed about 17 buyer showings, much more than last August. Builders found buyers, but they had to compete for them.
Condominiums
Bellevue | August 2026
- Homes for sale
- 213 August 2025: 163 | 30.7% higher
- Went under contract
- 30 August 2025: 40 | 25.0% lower
- Closed sales
- 30 August 2025: 37 | 18.9% lower
- Time to contract*
- 35 days August 2025: 27 days | 8 days slower
- Original asking received*
- 95.8% August 2025: 96.0% | Sellers received 4.2% less than original asking
- Median sales price
- $599,500 August 2025: $613,000 | 2.2% lower
Bellevue Condominiums Summary for August 2026
Condos had the clearest seller pressure. Inventory increased, pending and closed sales fell, and successful sales took 35 days. The middle seller received 4.2% less than original asking. Ten typical showings show buyers were looking, but they had plenty of choices.
Townhomes
Bellevue | August 2026
- Homes for sale
- 62 August 2025: 40 | 55.0% higher
- Went under contract
- 12 August 2025: 10 | 20.0% higher
- Closed sales
- 7 August 2025: 9 | 22.2% lower
- Time to contract*
- 12 days August 2025: 6 days | 6 days slower
- Original asking received*
- 100.0% August 2025: 99.0% | Sellers received full original asking price
- Median sales price
- $800,000 August 2025: $865,000 | 7.5% lower
Bellevue Townhomes Summary for August 2026
This was a small group of only seven closings. Inventory increased, pending sales improved, and the middle seller received full original asking. Successful sales took 12 days and needed about 10 buyer showings, so buyers were active but not rushing into every option.
How Did Bellevue Residential Resale Price Ranges Perform?
Under $1.2M
Bellevue | August 2026
- Homes for sale
- 18 August 2025: 3 | 500.0% higher
- Went under contract
- 10 August 2025: 3 | 233.3% higher
- Closed sales
- 6 August 2025: 2 | 200.0% higher
- Time to contract*
- 18 days August 2025: 6 days | 12 days slower
- Original asking received*
- 93.5% August 2025: 97.5% | Sellers received 6.5% less than original asking
- Median sales price
- $895,000 August 2025: $1,132,500 | 21.0% lower
Bellevue Under $1.2M Summary for August 2026
Only six sales closed, so this is a small sample. Inventory increased from three homes to 18, pending sales improved, and successful sales took 18 days. The middle seller received 6.5% less than original asking, showing how much room buyers found in this range.
$1.2M to $1.449M
Bellevue | August 2026
- Homes for sale
- 26 August 2025: 15 | 73.3% higher
- Went under contract
- 12 August 2025: 12 | unchanged
- Closed sales
- 10 August 2025: 8 | 25.0% higher
- Time to contract*
- 8 days August 2025: 6 days | 2 days slower
- Original asking received*
- 99.0% August 2025: 102.7% | Sellers received 1.0% less than original asking
- Median sales price
- $1,345,000 August 2025: $1,382,500 | 2.7% lower
Bellevue $1.2M to $1.449M Summary for August 2026
This range had more inventory, steady pending sales, and two more closings than last August. Successful homes took eight days and the middle seller received 1.0% less than original asking. It took about 18 buyer showings to get a taker.
$1.45M to $1.849M
Bellevue | August 2026
- Homes for sale
- 37 August 2025: 22 | 68.2% higher
- Went under contract
- 13 August 2025: 20 | 35.0% lower
- Closed sales
- 13 August 2025: 25 | 48.0% lower
- Time to contract*
- 6 days August 2025: 9 days | 3 days faster
- Original asking received*
- 98.6% August 2025: 97.0% | Sellers received 1.4% less than original asking
- Median sales price
- $1,600,000 August 2025: $1,540,000 | 3.9% higher
Bellevue $1.45M to $1.849M Summary for August 2026
Successful homes moved in only six days, but pending and closed sales both fell sharply while inventory increased. The middle seller received 1.4% less than original asking. The quick timeline came from the 13 homes that sold, not the whole supply.
$1.85M to $2.149M
Bellevue | August 2026
- Homes for sale
- 26 August 2025: 22 | 18.2% higher
- Went under contract
- 4 August 2025: 15 | 73.3% lower
- Closed sales
- 5 August 2025: 8 | 37.5% lower
- Time to contract*
- 13 days August 2025: 5 days | 8 days slower
- Original asking received*
- 97.5% August 2025: 101.5% | Sellers received 2.5% less than original asking
- Median sales price
- $2,035,000 August 2025: $1,955,000 | 4.1% higher
Bellevue $1.85M to $2.149M Summary for August 2026
Only five sales closed, so the results need a small-sample warning. Pending sales fell from 15 to four, successful sales took 13 days, and the middle seller received 2.5% less than original asking. Buyers were much harder to find in this range.
$2.15M to $2.349M
Bellevue | August 2026
- Homes for sale
- 16 August 2025: 7 | 128.6% higher
- Went under contract
- 5 August 2025: 3 | 66.7% higher
- Closed sales
- 4 August 2025: 3 | 33.3% higher
- Time to contract*
- 28 days August 2025: 13 days | 15 days slower
- Original asking received*
- 98.3% August 2025: 94.0% | Sellers received 1.7% less than original asking
- Median sales price
- $2,240,000 August 2025: $2,159,000 | 3.8% higher
Bellevue $2.15M to $2.349M Summary for August 2026
Only four sales closed. Inventory more than doubled and successful sales took 28 days, while the middle seller received 1.7% less than original asking. About 16 buyers toured before one moved forward.
$2.35M or More
Bellevue | August 2026
- Homes for sale
- 75 August 2025: 39 | 92.3% higher
- Went under contract
- 10 August 2025: 14 | 28.6% lower
- Closed sales
- 5 August 2025: 6 | 16.7% lower
- Time to contract*
- 37 days August 2025: 17 days | 20 days slower
- Original asking received*
- 93.2% August 2025: 95.6% | Sellers received 6.8% less than original asking
- Median sales price
- $2,500,000 August 2025: $2,931,500 | 14.7% lower
Bellevue $2.35M or More Summary for August 2026
This was Bellevue’s most difficult resale range. Inventory nearly doubled to 75 homes, while pending and closed sales fell. Successful sales took 37 days and the middle seller received 6.8% less than original asking. Only five closings means the exact medians can move quickly, but the seller pressure was clear.
Where Buyers Paid a Premium
Some Stellar Bellevue Sales in August
There were still buyers willing to compete for the homes they really wanted, even while many other sellers struggled to get a taker.
- Somerset: a home listed at $2,100,000 closed at $2,550,000, about 21.4% above list after 10 days.
- Eastgate: a home listed at $798,900 closed at $850,000, about 6.4% above list after five days.
- Phantom Lake: a home listed at $1,390,000 closed at $1,445,721, about 4.0% above list after six days.
- Lochmoor: a home listed at $870,000 closed at $904,000, about 3.9% above list after 10 days.
- Lakemont: a home listed at $1,500,000 closed at $1,550,000, about 3.3% above list after one day.
This does not mean every home in these neighborhoods sold above asking. It shows that buyers still paid a premium when a home stood out against its competition.
What Else Stood Out?
Even among successful August sales, below-list closings, price reductions, and longer timelines were common. Bellevue had standout bidding wars and serious seller resistance in the same month.
Questions Raised by the Data
What Does Bellevue's August Market Mean?
Did nearly 50% more inventory bring more buyers?
No. Pending sales were nearly flat and closings fell 15.2%. Buyers had many more choices without a matching increase in demand.
What does the typical-showings number tell us?
It tells us roughly how many buyers toured before one moved forward. Citywide it took 11 showings. New construction needed 17, and several resale ranges needed between 15 and 18.
Where did buyers have the most room?
Condos took 35 days and the middle seller received 4.2% less than original asking. Under $1.2 million, the middle resale seller received 6.5% less. Above $2.35 million, the gap was 6.8%.
Where did sellers see the strongest response?
Townhomes received full original asking on the middle sale, and the $1.45 million to $1.85 million resale range moved in six days. Somerset, Eastgate, Phantom Lake, Lochmoor, and Lakemont also produced standout sales.
Bellevue Market Conclusion
What Defined Bellevue in August 2026?
Bellevue had buyers, but much more inventory made them selective and divided the market.
Bellevue had 629 homes for sale, 48.3% more than last August. Pending sales were nearly flat at 131 and closings fell to 106. Successful sales took 19 days, the middle seller received 3.9% less than original asking, and the median sales price was nearly unchanged at $1,512,500.
One hundred fifty-six listings failed to sell, including 121 canceled and 35 expired listings. Nine expired in the final seven days, and another 16 active listings reduced their prices.
Condos had the clearest housing-type pressure. New construction found twice as many pending buyers but had almost twice the inventory. Townhomes produced only seven closings, yet the middle seller received full original asking.
The resale market was divided. Under $1.2 million had more activity but a 6.5% gap from original asking. The $1.45 million to $1.85 million range moved quickly, but sales fell. From $1.85 million to $2.35 million, the samples were small and buyers were harder to find. Above $2.35 million, inventory nearly doubled, successful sales took 37 days, and the middle seller received 6.8% less than original asking.
Standout sales in Somerset, Eastgate, Phantom Lake, Lochmoor, and Lakemont showed that buyers still competed for special homes. The many below-list results and 156 failed listings show why those sales cannot describe every seller.
What This Means for Buyers
You had more choices and negotiating room, but a standout home could still attract quick competition.
What This Means for Sellers
Your home had to compare well on price, condition, and presentation from the beginning because buyers had alternatives.
What I Am Watching Going Into September
I am watching whether August's 131 pending sales close, whether recent price reductions help more sellers, and whether Bellevue's large supply starts to come down.
If I had to sum up Bellevue in one sentence: buyers were active, but they only competed hard when a home clearly stood out.
Interest Rates
Mortgage Rates When I Prepared This Report
Rates were still in the mid-6% range as August ended. Monthly payment stayed important even in Bellevue's higher price ranges.
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Bellevue Whole-City Snapshot Summary for August 2026
Bellevue had nearly 50% more homes for buyers to choose from, but pending sales were nearly flat and closings fell. Successful sales took 19 days, needed about 11 buyer showings, and the middle seller received 3.9% less than original asking. The median price barely changed, but the lower price per square foot shows the mix of homes sold was different.