04/27/2026
Welcome to your Monday Market Breakdown for Bellevue, WA 98008 🏡📈
This week, the median list price in Bellevue 98008 sits at $2,215,950, with the Market Action Index at 44 — down from last month’s 47. Inventory has increased to 39 homes, giving buyers slightly more breathing room.
Here’s what you need to know:
• Market conditions have been gradually cooling over the past several weeks
• Despite the recent dip, the Market Action Index still sits firmly in Seller’s market territory
• Prices have not yet begun to decline, but continued softening in demand could shift that in the coming weeks
• Median days on market is 35, with an average of 62 days — pointing to a split between move-in ready homes and those requiring more time
• 26% of listings have reduced their price, while 0% have increased — highlighting growing buyer sensitivity to pricing
• Price per square foot remains steady at $713, supporting overall price stability
• While we’re currently below peak pricing, recent trends have still been moving upward overall
We’ll be watching the Market Action Index closely — if it continues to trend downward, it may signal the early stages of price softening. If it stabilizes or rises again, prices could continue testing higher levels.
Got questions? Want to talk through what this means for your next move in Bellevue? Let’s connect. 💬