The Bellevue Real Estate Market in 2026: Trends, Prices, and Forecast
Bellevue's median home price sits around $1.5 million to $1.6 million in 2026, with homes selling at roughly 99.6% of asking price and just 344 active listings citywide as of March 2026. The market favors sellers, though the share of homes selling above asking has cooled to about 26%, down from nearly 41% a year earlier.
Metric | 2026 Figure | Context |
|---|---|---|
Citywide median sale price | ~$1.5M to $1.6M | Redfin and Houzeo data, early 2026 |
Sale-to-list price ratio | 99.63% | March 2026, down 2.72% year-over-year |
Homes sold above asking | 26.32% | Down from 40.97% the prior year |
Active inventory | 344 homes | March 2026, about 2.6 months of supply |
Prestige submarkets (Clyde Hill, Yarrow Point) | ~$4.3M to $4.5M median | West Bellevue luxury segment |
Value submarkets (Newport Hills, Eastgate) | ~$1.4M to $1.6M median | Bellevue School District access at a lower price point |
Figures are compiled from Redfin and Houzeo market data for Bellevue, WA, reported in the first quarter of 2026; individual submarket figures come from Popach & Co.'s 2026 Bellevue market update.
Want to compare these citywide numbers to a specific area? See the Bellevue neighborhood guide or browse current listings.
Price Trends and Market Dynamics
Bellevue's median home price has outpaced national averages for years, reflecting the city's tech-driven economy and constrained housing supply. Home values peaked above $1.4 million citywide in 2022, pulled back through 2025 as part of a broader regional cooling, and have since stabilized in the $1.5 million to $1.6 million range in 2026. The gap between data sources is wide by design: Zillow's broader Home Value Index sits closer to $1.3 million because it includes condos, while the median single-family home price runs closer to $2 million.
Forecast for the Rest of 2026
Most housing economists expect Bellevue prices to stabilize or grow modestly through the rest of 2026 rather than swing sharply in either direction, supported by continued demand from Eastside employers and constrained inventory in desirable neighborhoods. Amazon's Bellevue 600 campus alone employs roughly 14,000 people, with plans discussed publicly to grow toward 25,000, which continues to anchor housing demand even as mortgage rates influence affordability.
Curious how these trends affect your specific buying or selling timeline? Contact Roy Towse for a market read tailored to your situation.
Why Buyers Choose Bellevue
Tucked between the Cascade foothills and Lake Washington, Bellevue combines natural setting, urban amenities, and a strong local economy.
Economic Prosperity and Job Opportunities
Bellevue sits at the center of the Eastside's technology corridor, anchored by major employers including Amazon's Bellevue campus, alongside a broad base of startups and established companies across multiple industries.
Quality of Life and Community Amenities
Bellevue offers extensive parks and green space, including the 53-acre Bellevue Botanical Garden and the 320-acre Mercer Slough Nature Park, Lake Washington's largest remaining wetland, with more than 7 miles of trails, a seasonal U-pick blueberry farm, and canoe access to the slough itself.
Strategic Location and Connectivity
Positioned across Lake Washington from Seattle, Bellevue offers direct highway and transit connections to the city while maintaining a distinct downtown core and quieter residential neighborhoods further from the lake.
Navigating Bellevue's Market as a Buyer or Seller
With inventory constrained at roughly 2.6 months of supply, buyers should expect competition for well-priced homes in desirable neighborhoods and be prepared to move quickly with financing in order. Sellers benefit from a still-competitive sale-to-list ratio near 99.6%, though the drop in over-asking sales compared to last year means pricing accurately from the start matters more than it did during the tightest years of the market.
About Your Bellevue Real Estate Expert
Roy Towse is the founding and managing broker behind Roy Towse at Compass, based in Sammamish, Washington, with more than 20 years of experience across the Eastside market, including Bellevue. He has surpassed $1 billion in career sales and has been the top-producing broker for total sales in Sammamish for ten consecutive years. Roy provides current, local guidance for buyers and sellers navigating Bellevue's 2026 market.
Frequently Asked Questions
What is the median home price in Bellevue in 2026?
Bellevue's citywide median home price is running around $1.5 million to $1.6 million in 2026, according to Redfin and Houzeo data, though the median single-family home price is closer to $2 million once condos are excluded.
Is Bellevue a buyer's or seller's market in 2026?
Bellevue remains a seller-favoring market in 2026, with homes selling at about 99.6% of asking price and roughly 2.6 months of supply, though the share of homes selling above asking has cooled to around 26% from about 41% a year earlier.
Which Bellevue neighborhoods are most affordable?
Newport Hills and Eastgate offer some of Bellevue's more accessible pricing, with median prices around $1.4 million to $1.6 million while still providing access to the Bellevue School District, compared to $4.3 million to $4.5 million medians in Clyde Hill and Yarrow Point.
Are Bellevue home prices expected to rise in 2026?
Most forecasts point to stable or modestly rising prices through the rest of 2026 rather than sharp swings, supported by continued demand from Eastside employers like Amazon and constrained inventory in desirable neighborhoods.
