Bellevue, Washington Housing Market Report
November 2026

Bellevue had 95 new pending sales and 102 closings in October, with 634 homes for sale in the monthly figures. Buyers are still moving forward, but there are a lot of choices competing for them. The sold homes received 94.7% of original asking at the median, about 5.3% below where sellers started. If you’re thinking about listing, I would compare the homes your buyer could choose rather than assume a Bellevue address guarantees the same result for everyone. Whole-city totals include all property types; I break out four housing groups here.

Previously owned single-family homes had 45 new contracts and 47 closings, with 178 homes for sale. The successful sales took 21 days at the median and received 94.3% of original asking, about 5.7% below their starting price. The showing figure was 13 recorded visits before pending. That tells me buyers are out there, with negotiating still part of the completed sales. If you’re thinking about selling, I would look closely at what buyers at your price are choosing instead of the homes still waiting.

Fourteen new homes closed and 14 went pending, with 118 for sale. The sold homes had a 22-day median market time and received 97.6% of original asking. New construction follows a different timeline: a buyer can sign before or during construction, with closing months later. I would compare availability, completion dates, included features and written financing terms with resale alternatives. The $2,437,500 median sold price describes those 14 homes, and the price ratio does not reveal any incentives or concessions.

Condos had 222 homes for sale, the most inventory among the four housing groups I cover. There were 25 new contracts and 24 closings. The sold homes took 23 days at the median and received 95% of original asking. If condo living fits you, I think that selection deserves a closer look. Compare dues, reserves, insurance, special assessments and lender approval alongside the payment. If you’re thinking about selling, I would want to make your unit’s value clear against the other options buyers can choose.

Only four townhomes closed, with an eight-day median market time and 99.2% of original asking received. Those are strong results for the four selected homes, but there were 71 townhomes for sale and six new pendings. I would not assume every townhome will have the same quick experience. If you’re considering selling, I would compare the individual homes behind those results. For buyers, the payment, space, dues and maintenance responsibilities belong in the comparison.

Thirteen homes closed at $1,199,999 and under, the most closings of any resale band. Ten went pending and 28 were for sale. Successful sales took 13 days at the median and received 97.4% of original asking. Buyers are active here, but I would still compare condition and needed work carefully. If you’re thinking about selling, a more reachable Bellevue price is an advantage only if the home makes sense beside the alternatives.

Eleven homes closed and eight went pending here, with 34 homes for sale. The sold homes took 21 days at the median and received 93.2% of original asking, about 6.8% below starting price. That is a reason to look carefully at price history, not a rule that every home should receive the same offer. If you’re thinking about selling, I would want your starting price to compare well from day one rather than rely on reductions to find the buyer later.

This range had 12 closings and 10 new pendings, with 40 homes for sale. Successful sales took 12 days at the median and received 96.2% of original asking. A home can move quickly and still involve negotiation. If you’re thinking about listing, I would look at what made the selected homes work while paying attention to the choices still competing. For buyers, I would be prepared when the right home compares well without assuming every asking price is the final answer.

Three homes closed, with a 75-day median market time and 95.7% of original asking received. There were 16 homes for sale and three new pendings. That is a small group of sales, but the longer wait is worth understanding before you plan a listing. I would look at those properties and their price histories, then compare the available choices that fit the same buyer. Buyers have options, but those options may be very different homes.

This is a range I would look at closely. Three homes closed, with an 84-day median market time and 84.6% of original asking received. That is 15.4% below the starting price at the median. Three new homes went pending and 10 were for sale. The showing figure was 34 recorded visits before pending. That is a lot of visits, not necessarily 34 different buyers. I would study the individual properties and original prices before turning three sales into a pricing rule for the next seller.

Five homes closed at $2,350,000 and up, with a 35-day median market time and 86.7% of original asking received. That is 13.3% below starting price at the median. But 11 homes went pending, the most new contracts of any resale band, while 50 were for sale. Buyers are making decisions at the top, and there is still plenty to compare. If you’re considering selling, I would identify the audience for your property and examine the whole listing histories behind comparable sales. The $3.39 million median price describes five homes in a broad range.