Yes, Bellevue home prices are going down, but by less than the asking prices suggest. The median closed price in Bellevue over the last 30 days is $1,640,000, down 6.3% from $1,750,000 a year ago, across 88 closings. The 90-day median, which smooths out the mix of homes closing in any one month, is $1,725,000, down 3.5%. The bigger moves are in asking prices and time: the median list price on active Bellevue listings is $1,999,925, down 19.8% from a year ago, and the median Cumulative Days Active (CDA) for homes that closed in the last 30 days is 38 days, up from 12.5 days one month earlier. Data as of October 20th, 2026, from Eastside Market Watch, Tony Meier & Team's daily database of every NWMLS listing on the Eastside, for NWMLS Areas 520 and 530 (Bellevue).
What Bellevue Homes Are Selling For
Closed sales are the only prices that count. Bellevue had 88 closings in the last 30 days and 252 in the last 90, enough volume to trust these medians.
| Closed sales (Bellevue) |
Now |
1 month ago |
1 year ago |
| Median sold price, last 30 days |
$1,640,000 |
$1,725,000 |
$1,750,000 |
| Median sold price, last 90 days |
$1,725,000 |
$1,775,750 |
$1,788,000 |
| Closings, last 30 days |
88 |
80 |
115 |
| Sold price as % of list, last 90 days |
97.5% |
98.0% |
98.9% |
| Share sold over list, last 30 days |
6.8% |
17.5% |
21.7% |
| Median CDA, closings in last 30 days |
38 days |
12.5 days |
12 days |
A year ago more than one in five Bellevue closings went over asking. In the last 30 days it was fewer than one in fourteen, and the typical closed home had been on the market three times longer.
How Bellevue Is Repricing
Every Bellevue seller should read this table before setting a list price. Active list prices are as of the latest feed and provisional until re-verified against live MLS data; the 1-year active count is reconstructed, so read it as about 209.
| Active market (Bellevue) |
Now |
1-month change |
1-year change |
| Active listings |
326 |
-9.7% (from 361) |
+56.0% (from about 209) |
| Price reductions, last 30 days |
79 |
+16.2% (from 68) |
n/a |
| Median list price |
$1,999,925 |
-2.4% (from $2,050,000) |
-19.8% (from $2,495,000) |
| List price per square foot |
$689 |
-0.9% (from $695) |
-9.8% (from $764) |
| Median CDA, closings in last 30 days |
38 days |
+25.5 days (from 12.5) |
+26 days (from 12) |
Seventy-nine price reductions on 326 active listings means about one in four Bellevue sellers cut their price this month. Homes that launched at last year's asking levels are being walked down to where buyers are: the median closed price of $1,640,000 is 82% of the median asking price.
Why Bellevue Prices Are Soft
Supply: 326 active listings is about 56% more than a year ago. Demand: 70 homes went pending in the last 30 days, down 22.2% from 90 a month earlier, with the last three 30-day windows running 85, 90, then 70 (Steady by our momentum model, but the latest slice is the weakest). That puts Bellevue at 4.66 months of inventory, a Buyer's Market on our thresholds (0 to 2 Seller's, 2 to 4 Balanced, 4 and up Buyer's), against 2.99 and Balanced a year ago. And the 30-year fixed rate is 7.4% as of October 20th, 2026, up from 7.2% a month ago and 6.149% a year ago. Rates change daily.
Here's What I Suggest
If you are selling in Bellevue: price to the closed sales, not to what the house down the street is asking. Homes launching above the last 90 days of comparable closings are the ones showing up in this month's 79 price reductions, and a cut after four weeks costs more than launching right. Launch on a Wednesday, run one concentrated open house, and make the first weekend count.
If you are buying in Bellevue: you have 326 homes to choose from, a quarter of them with a fresh price cut, in a market closing at 97.5% of list. Offers below asking are normal now, especially past 30 days of CDA. Lock the rate, and let us pull the price-reduction history on any home before you write. Related reads:
Is Kirkland, WA a Buyer's Market Now?,
What Are Home Prices Doing in Issaquah, WA?, and
How Much Below Asking Can You Offer on the Eastside?
Want to know what these numbers mean for your Bellevue home or your search? Call or text Tony Meier & Team at 425-466-1000 or visit EastsideHomes.com. With 37 years of experience, 807 closed residential sales, and $258M+ in closed volume across 207 transactions since 2020, we can show you where your home sits in this market.
Frequently Asked Questions
Are home prices dropping in Bellevue, WA?
Modestly. The 30-day median closed price is $1,640,000, down 6.3% from a year ago; the 90-day median of $1,725,000 is down 3.5%. Asking prices have fallen further, with the median list price down 19.8%.
Is Bellevue a buyer's market?
Yes by inventory. Bellevue has 4.66 months of inventory, above the 4-month Buyer's Market line, with 326 active listings and 70 pending sales in the last 30 days.
How long does it take to sell a house in Bellevue?
The median CDA for homes that closed in the last 30 days is 38 days, up from 12.5 a month ago, pulled up by homes that launched high and reduced.
Data as of October 20th, 2026, from Eastside Market Watch (Tony Meier & Team) for NWMLS Areas 520 and 530 (Bellevue). One-month comparisons are to September 20th, 2026, and one-year comparisons to October 20th, 2025. Active list prices are as of the latest feed and are provisional until verified against live MLS data; the one-year active count is reconstructed. Months of inventory is (Active + Contingent + First Look) divided by the trailing 30-day pending pace. The 30-year fixed rate of 7.4% is the Mortgage News Daily reading for October 20th, 2026; rates change daily. Source: NWMLS listing data, compiled and analyzed by Tony Meier & Team through Eastside Market Watch. Statistics not compiled or published by Northwest Multiple Listing Service.
Tony Meier & Team | Windermere Real Estate / NE | Kirkland, WA | 425-466-1000 | EastsideHomes.com | 219 closed sales serving the English Hill Area, English Hill resident since 2001
