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BELLEVUE, WA 98004

Real Estate Market Report  ·  King County
Buyer's Market
February 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 February 2026. Source: Realtor.com.

The BELLEVUE, WA real estate market (98004) currently shows 146 active listings, with 29 pending sales. Homes are averaging 40 days on the market before going under contract.

Inventory has increased compared to last year, with 29 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 40 days on market compared to 30 days last year.

The median listing price has risen 11.2% year-over-year, from $1,797,250 to $1,998,750.

Whether you are buying or selling in BELLEVUE, WA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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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
146
⇧ 24.8% vs 117 last year
Pending
29
20% pending ratio
Median Price
$1,998,750
⇧ 11.2% vs $1,797,250 last year
Average Price
$4,273,640
⇧ 4.3% vs $4,095,841 last year
Days on Market
40
⇧ 33.3% vs 30 days last year

Price Per Square Foot

Median $/sqft
$967
⇩ 8.9% vs $1,061/sqft last year
Median Home Size
1,686 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 146 this year vs 117 last year
  • Days on market: 40 now vs 30 last year

Median & Average Pricing

Year over Year
  • Median: $1,998,750 (+11.2% YoY)
  • Average: $4,273,640 (+4.3% 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 — 942 listings ($1,881,464,162 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
98004Bellevue, WA 980040.0 mi127$537,749,623$1,799,450$4,234,249
98039Medina, WA 980391.9 mi11$130,808,227$8,812,500$11,891,657
98040Mercer Island, WA 980403.8 mi35$179,184,565$3,395,000$5,119,559
98033Kirkland, WA 980334.0 mi183$363,098,901$1,609,950$1,984,147
98008Bellevue, WA 980084.4 mi38$71,188,820$1,640,000$1,873,390
98105Seattle, WA 981054.7 mi76$123,115,896$875,000$1,619,946
98102Seattle, WA 981025.6 mi78$84,678,594$835,950$1,085,623
98052Redmond, WA 980525.9 mi100$129,932,600$912,473$1,299,326
98164Seattle, WA 981646.0 mi7$4,796,155$704,950$685,165
98118Seattle, WA 981186.0 mi97$81,722,791$693,000$842,503
98121Seattle, WA 981216.6 mi109$86,444,630$593,500$793,070
98134Seattle, WA 981346.8 mi2$750,000$375,000$375,000
98056Renton, WA 980567.4 mi79$87,993,360$839,475$1,113,840

Frequently Asked Questions

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

As of February 2026, there are 146 active listings in BELLEVUE, WA (zip code 98004), compared to 117 the prior year.

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

The median listing price in BELLEVUE, WA 98004 is $1,998,750 as of February 2026, a 11.2% increase from $1,797,250 the prior year.

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

Homes in BELLEVUE, WA 98004 spend an average of 40 days on the market before going under contract, compared to 30 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 February 2026, BELLEVUE, WA 98004 is currently a Buyer's Market. Inventory has increased compared to last year, with 29 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 40 days on market compared to 30 days last year.

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 $39,975 compared to a typical 5% commission on the median listing price of $1,998,750. 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.