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BELLEVUE, WA 98004

Real Estate Market Report
Balanced Market
September 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 98004

108th Avenue SE · Apple Valley · Ashwood · Bellevue Square · Bellewood Farms · Central Houghton (Houghton) · City Center · City Center North · City Center South · Convention Civic · Downtown · East Main · Killarney Circle · Lakeview · Meydenbauer · North Bellevue (Northwest Bellevue) · Northtowne · Northwest Village · Old Bellevue · Southwest Bellevue · Surrey Downs · Vuecrest · Wilburton

Market Analysis

Data as of September 2026. Source: Realtor.com.

The BELLEVUE, WA real estate market (98004) currently shows 289 active listings, with 42 pending sales. Homes are averaging 63 days on the market before going under contract.

Inventory has increased compared to last year, with 87 more homes available — giving buyers more choice.

The median listing price has fallen 9.5% year-over-year, from $2,224,000 to $2,012,000.

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Market Context

Market Context

Population: 39,161  ·  Density: 2,079.8/mi²  ·  Median household income: $157,784

Typical home value: $1,845,120  ·  Homeownership: 36.0%

Market Overview

Active Listings
289
⇧ 43.1% vs 202 last year
Pending
42
15% pending ratio
Median Price
$2,012,000
⇩ 9.5% vs $2,224,000 last year
Average Price
$3,620,677
⇩ 24.6% vs $4,803,280 last year
Days on Market
63
— vs 63 days last year

Price Per Square Foot

Median $/sqft
$941
⇩ 1.7% vs $957/sqft last year
Median Home Size
1,980 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 289 this year vs 202 last year
  • Days on market: 63 now vs 63 last year

Median & Average Pricing

Year over Year
  • Median: $2,012,000 (-9.5% YoY)
  • Average: $3,620,677 (-24.6% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 7.4 miles — 1,277 listings ($2,461,401,842 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
98004Bellevue, WA 980040.0 mi146$623,951,440$1,998,750$4,273,640
98039Medina, WA 980391.9 mi21$224,639,625$6,847,500$10,697,125
98040Mercer Island, WA 980403.8 mi43$219,186,824$3,441,250$5,097,368
98033Kirkland, WA 980334.0 mi231$476,076,909$1,650,000$2,060,939
98008Bellevue, WA 980084.4 mi53$95,752,609$1,575,000$1,806,653
98105Seattle, WA 981054.7 mi91$158,393,144$967,450$1,740,584
98102Seattle, WA 981025.6 mi91$101,324,496$812,450$1,113,456
98052Redmond, WA 980525.9 mi141$177,100,653$940,750$1,256,033
98164Seattle, WA 981646.0 mi8$5,525,368$673,225$690,671
98118Seattle, WA 981186.0 mi115$93,812,400$685,250$815,760
98121Seattle, WA 981216.6 mi117$93,275,910$596,000$797,230
98108Seattle, WA 981087.3 mi68$47,384,712$636,488$696,834
98103Seattle, WA 981037.4 mi152$144,977,752$932,500$953,801

Frequently Asked Questions

How many homes are for sale in BELLEVUE, WA 98004?

As of September 2026, there are 289 active listings in BELLEVUE, WA (zip code 98004), compared to 202 the prior year.

What is the median home price in BELLEVUE, WA 98004?

The median listing price in BELLEVUE, WA 98004 is $2,012,000 as of September 2026, a 9.5% decrease from $2,224,000 the prior year.

How long do homes stay on the market in BELLEVUE, WA?

Homes in BELLEVUE, WA 98004 spend an average of 63 days on the market before going under contract, compared to 63 days the prior year.

Is it a seller's or buyer's market in BELLEVUE, WA 98004?

Based on current inventory and days-on-market data as of September 2026, BELLEVUE, WA 98004 is currently a Balanced Market. Inventory has increased compared to last year, with 87 more homes available — giving buyers more choice.

How much can I save on real estate commission in BELLEVUE, WA?

With SELL123.com's maximum 3% commission, sellers in BELLEVUE, WA 98004 save an estimated $40,240 compared to a typical 5% commission on the median listing price of $2,012,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.