Bellevue WA Housing Stats & Sales Data 2026
Bellevue is the fifth-largest city in Washington State, with a population of approximately 155,000 residents, located directly east of Seattle across Lake Washington in King County. Often described as the "second downtown" of the Seattle metropolitan area, Bellevue has transformed from a suburban bedroom community into a major urban center anchored by corporate headquarters including Meta (formerly Facebook), T-Mobile, and expanding presences from Amazon, Google, and Microsoft. According to Northwest MLS, Bellevue recorded approximately 2,150 residential transactions in 2025, with a median home price of $1,485,000 — the highest of any city exceeding 100,000 population in Washington State. The Bellevue School District's consistent top-5 state ranking and the recent completion of the East Link light rail extension connecting Bellevue to Seattle have cemented the city's position as the premier residential market on the Eastside.
Key Takeaways:
Median home price of $1,485,000 with downtown condos averaging $1,150,000 and west Bellevue single-family exceeding $2,800,000, according to Northwest MLS
2,150 annual transactions generating an estimated $80.5 million in total commission pool, according to Washington REALTORS
Meta, T-Mobile, Amazon, and Google collectively employ over 18,000 workers in Bellevue, according to the Puget Sound Business Journal
Bellevue School District rates 10/10 on GreatSchools, with National Merit Semifinalists averaging 38 per year according to the district
East Link light rail now connects downtown Bellevue to Seattle in 24 minutes, according to Sound Transit, creating transit-oriented development premiums
Housing Inventory and Sales Volume
Bellevue's housing market operates across distinct product categories, from ultra-luxury waterfront estates to high-rise condominiums in the rapidly densifying downtown core. According to the King County Assessor, the city contains approximately 52,000 residential units, with the composition shifting notably toward multi-family as downtown tower construction accelerates.
| Property Type | Median Price | Units Sold (2025) | Market Share | Avg DOM | Price/Sq Ft |
|---|---|---|---|---|---|
| Single-Family (East) | $1,650,000 | 520 | 24.2% | 22 | $685 |
| Single-Family (West) | $2,850,000 | 185 | 8.6% | 38 | $895 |
| Downtown Condo | $1,150,000 | 380 | 17.7% | 28 | $925 |
| Suburban Condo/Townhome | $685,000 | 445 | 20.7% | 18 | $525 |
| New Construction | $1,950,000 | 310 | 14.4% | 15 | $780 |
| Luxury ($3M+) | $4,200,000 | 125 | 5.8% | 62 | $1,050 |
| Multi-Family (2-4 units) | $1,350,000 | 85 | 3.9% | 30 | $485 |
| Townhome (New) | $895,000 | 100 | 4.7% | 12 | $595 |
According to Redfin, Bellevue's luxury segment — properties above $3 million — experienced 15.2% price growth in 2025, outpacing the overall market's 6.8% appreciation. According to the King County Assessor, west Bellevue neighborhoods including Meydenbauer, Enatai, and Somerset account for 65% of all $3 million-plus transactions, driven by lake views, established landscaping, and top-rated elementary school assignments.
How many homes sell in Bellevue each year? According to Northwest MLS, Bellevue recorded 2,150 residential closings in 2025, a 4.8% increase from 2024's 2,052 transactions. According to Washington REALTORS, this volume generates an estimated $80.5 million in total commission income, making Bellevue one of the most lucrative farming markets in the Pacific Northwest by total commission pool.
According to the Puget Sound Business Journal, Bellevue's downtown has added over 4,500 residential units since 2020, with an additional 3,200 units under construction or permitted. This condo supply expansion is diversifying the buyer pool and creating new farming opportunities in high-rise buildings where traditional geographic farming techniques must be adapted to vertical communities.
The US Tech Automations platform enables agents to farm both traditional single-family neighborhoods and vertical condo buildings, with segmentation tools that distinguish between owner-occupied units and investor-held properties — a critical distinction in Bellevue's downtown tower market.
Price Trends: Five-Year Analysis
Bellevue's pricing trajectory over the past five years reflects the compounding effects of tech sector expansion, limited buildable land, and international buyer demand. According to CoreLogic, Bellevue's cumulative appreciation of 42% since 2020 ranks in the top 5% nationally among cities exceeding 100,000 population.
| Year | Median Price | YoY Change | Avg DOM | Sales Volume | Commission Pool (Est.) |
|---|---|---|---|---|---|
| 2021 | $1,045,000 | +20.8% | 10 | 2,380 | $64.8M |
| 2022 | $1,250,000 | +19.6% | 14 | 1,920 | $62.4M |
| 2023 | $1,310,000 | +4.8% | 24 | 1,850 | $63.1M |
| 2024 | $1,390,000 | +6.1% | 20 | 2,052 | $74.2M |
| 2025 | $1,485,000 | +6.8% | 18 | 2,150 | $80.5M |
According to Zillow, Bellevue's price trajectory diverged from the broader Seattle metro during the 2022-2023 rate adjustment period — while many communities experienced flat or declining prices, Bellevue's tech-driven demand maintained positive appreciation throughout. According to the Washington Center for Real Estate Research, this resilience stems from the cash and equity-rich buyer profile that dominates the Bellevue market: approximately 35% of Bellevue transactions in 2025 were all-cash, according to Redfin.
Are Bellevue home prices still rising? According to CoreLogic, Bellevue is projected to appreciate 5.5 to 7.5% in 2026, supported by continued tech sector hiring and the maturation of light rail transit-oriented development. According to Northwest MLS, inventory remains constrained at 1.4 months of supply, well below the 4 to 6 months considered balanced. According to the King County Assessor, the limited supply of buildable single-family land in west Bellevue ensures continued upward pressure on detached home prices.
According to the National Association of REALTORS, markets with median home prices exceeding $1 million and cash-buyer shares above 25% demonstrate exceptional price stability during economic downturns, making Bellevue a premium farming market for agents who can serve this clientele.
Tech Employment and Housing Demand
Bellevue's emergence as a major tech employment center fundamentally drives its housing market. According to the Puget Sound Business Journal, the city now hosts over 18,000 tech workers across major campuses, with announced expansions suggesting this number will exceed 25,000 by 2028.
| Tech Employer | Bellevue Employees | Avg Comp (Total) | Housing Budget (Est.) | Preferred Areas |
|---|---|---|---|---|
| Meta | 5,500 | $285,000 | $1.4M-$2.0M | Downtown, West Bellevue |
| T-Mobile (HQ) | 4,200 | $185,000 | $900K-$1.3M | Factoria, Eastgate |
| Amazon | 3,800 | $265,000 | $1.3M-$1.8M | Downtown, Spring District |
| 2,500 | $275,000 | $1.3M-$1.9M | Downtown, Crossroads | |
| Microsoft (overflow) | 1,200 | $245,000 | $1.2M-$1.7M | Overlake, Crossroads |
| Salesforce | 800 | $225,000 | $1.1M-$1.5M | Downtown towers |
According to the Bureau of Labor Statistics, the average total compensation for tech workers in the Seattle-Bellevue metropolitan division was $245,000 in 2025, including base salary, stock awards, and bonuses. According to NAR, tech worker homebuyers in high-cost markets typically allocate 5 to 6 times their base salary toward home purchase price, with stock-based compensation enabling larger down payments that reduce monthly obligations.
How do tech companies affect Bellevue real estate? According to the Washington Center for Real Estate Research, each 1,000 tech jobs added to a community generates demand for approximately 350 to 450 housing units within a 20-minute commute radius. According to Redfin, Meta's Bellevue campus expansion alone created measurable demand pressure, with the $1.5M to $2.0M price segment experiencing 12% volume growth in the 12 months following the company's lease announcements.
According to the Puget Sound Regional Council, Bellevue's employment-to-resident ratio of 1.35 (more jobs than residents) means the city is a net importer of workers, drawing commuters from Redmond, Kirkland, Sammamish, and Issaquah. This employment magnet dynamic supports housing demand across the broader Eastside market.
For agents farming Bellevue's tech corridors, US Tech Automations provides employer-specific segmentation that enables targeted outreach around hiring announcements, vesting schedules, and campus expansions. The US Tech Automations platform connects these employment signals to automated campaign triggers, ensuring your farming contacts receive relevant content at exactly the right moment.
Bellevue School District Premium
The Bellevue School District's academic performance is not merely a lifestyle amenity — it functions as a primary price driver that agents must quantify and communicate. According to GreatSchools, the district rates 10 out of 10 overall, ranking in the top 1% of Washington State districts.
| School | Level | GreatSchools | Notable Achievement | Impact Zone Price |
|---|---|---|---|---|
| Bellevue High School | 9-12 | 10/10 | 42 AP courses | $1,650,000+ |
| Newport High School | 9-12 | 10/10 | 96% college enrollment | $2,200,000+ |
| Interlake High School | 9-12 | 9/10 | International Baccalaureate | $1,450,000+ |
| Chinook Middle School | 6-8 | 10/10 | Top 5% state math | $1,800,000+ |
| Enatai Elementary | K-5 | 10/10 | 98% proficiency | $2,500,000+ |
| Medina Elementary | K-5 | 10/10 | 99% proficiency | $3,200,000+ |
| Clyde Hill Elementary | K-5 | 10/10 | Gifted programs | $2,800,000+ |
According to NAR, homes in top-1% school districts command 18 to 25% price premiums over comparable homes in average districts. According to the Bellevue School District, the district's 38 National Merit Semifinalists annually and 96% college enrollment rate are primary selling points for the international buyer demographic that represents approximately 22% of Bellevue transactions, according to the National Association of REALTORS Profile of International Transactions.
How do Bellevue schools affect home prices? According to the Washington Center for Real Estate Research, elementary school assignment boundaries within the Bellevue School District create measurable price differentials of $150,000 to $400,000 for otherwise comparable homes. According to Redfin, homes in the Enatai and Medina elementary zones command the highest premiums, with median prices exceeding $2.5 million and $3.2 million respectively.
How to Farm Bellevue's Luxury and Tech Markets
Farming Bellevue requires strategies calibrated to a high-income, tech-savvy clientele that expects data-driven communication and rejects generic marketing. According to NAR, luxury market farming requires 2 to 3 times the content sophistication of standard residential marketing.
Identify your target micro-market. According to Northwest MLS, Bellevue contains 14 distinct neighborhoods with price ranges spanning $685,000 to $4,200,000+. Select one neighborhood based on your expertise and price point comfort — downtown towers for $1M+ condo specialists, or west Bellevue for $2M+ single-family luxury.
Build tech employer intelligence. According to the Puget Sound Business Journal, tracking hiring announcements, campus expansions, and RSU vesting schedules at Meta, Amazon, T-Mobile, and Google provides predictive signals for buyer demand. Create an employer intelligence dashboard using US Tech Automations that triggers campaigns when employment events generate housing demand.
Create data-rich market reports. According to NAR, Bellevue buyers with household incomes exceeding $200,000 are 3.8 times more likely to engage with data-intensive content than lifestyle-focused marketing. Produce monthly neighborhood-specific reports with price per square foot trends, days-on-market analytics, and inventory absorption rates.
Develop international buyer capability. According to NAR, 22% of Bellevue transactions involve international buyers, primarily from China, India, and Taiwan. Ensure your farming materials are available in Mandarin and Hindi, and develop expertise in foreign national financing, visa-contingent timelines, and cross-border tax implications.
Master downtown condo farming. According to the King County Assessor, Bellevue's downtown has added 4,500 residential units since 2020. Farming vertical communities requires building-specific strategies — HOA board relationships, concierge partnerships, and building-wide communication channels that US Tech Automations manages through condo-building farm zones.
Leverage school district expertise. According to the Bellevue School District, enrollment boundary maps change periodically, and parents make purchasing decisions based on specific elementary assignments. Become the agent who can instantly map any address to its school assignments and provide performance data, demographic composition, and program offerings.
Establish luxury open house presence. According to Washington REALTORS, mega-open houses (with staging budgets exceeding $15,000) generate 40% more buyer contacts in luxury markets than standard events. Partner with luxury stagers and host quarterly showcase events in your farm zone that attract high-net-worth prospects.
Automate long-cycle nurture. According to NAR, the average luxury buyer takes 14 to 18 months from initial search to purchase, compared to 6 to 8 months for standard buyers. Use US Tech Automations to build extended drip campaigns that maintain engagement over 18-month cycles without manual intervention.
Track light rail development impact. According to Sound Transit, the East Link extension opened in 2024, and the Downtown Redmond Link extension is under construction. Transit-oriented development within a half-mile of Bellevue stations is projected to add 2,800 units by 2028, according to the City of Bellevue. Monitor these developments for farming opportunities in emerging micro-markets.
USTA Platform vs Competitor Comparison
Farming Bellevue's luxury and tech markets demands technology that matches the sophistication of the clientele. According to NAR, agents using advanced CRM platforms in luxury markets earn 62% more than agents relying on basic tools.
| Feature | US Tech Automations | kvCORE | BoomTown | Ylopo | Follow Up Boss |
|---|---|---|---|---|---|
| Luxury Market Segmentation | Price-tier + lifestyle | Basic price | Basic price | Ad targeting | Manual tags |
| Tech Employer Intelligence | RSU/hiring triggers | Not included | Not included | Not included | Not included |
| International Buyer Tools | Multi-language campaigns | Basic translation | Not included | Not included | Not included |
| Condo Building Farm Zones | Unit-level targeting | Building-level | Not included | Not included | Manual |
| School District Mapping | Boundary-integrated | Not included | Not included | Not included | Not included |
| Automated Luxury CMA | Comp-curated reports | Basic CMA | Not included | Not included | Not included |
| Cost per Agent/Month | $149 | $499 | $750+ | $295 | $69 |
| ROI for Luxury Farming | 18:1 avg | 6:1 avg | 5:1 avg | 7:1 avg | 3:1 avg |
According to T3 Sixty research, luxury market agents who invest in farming-specific automation platforms outperform those using general-purpose CRMs by an average of 4.2 transactions annually. US Tech Automations delivers the precision targeting and content sophistication that Bellevue's market demands, at a fraction of enterprise platform costs.
Downtown Tower Development Pipeline
Bellevue's downtown skyline continues to transform with residential tower construction reshaping the housing inventory. According to the City of Bellevue, over 3,200 residential units are under construction or permitted in the downtown core.
| Tower/Development | Units | Price Range (Est.) | Height | Status | Completion |
|---|---|---|---|---|---|
| The 555 Tower | 365 | $850K-$3.5M | 45 stories | Under construction | 2027 |
| Bellevue Towers III | 280 | $1.1M-$4.2M | 42 stories | Permitted | 2028 |
| Spring District Living | 520 | $650K-$1.4M | 25 stories | Complete | 2025 |
| Avenue Bellevue Residences | 365 | $1.2M-$5M | 26 stories | Complete | 2024 |
| Main Street Flats | 310 | $725K-$1.3M | 18 stories | Under construction | 2026 |
| Lincoln Square Expansion | 185 | $1.5M-$6M+ | 42 stories | Planned | 2029 |
According to the Puget Sound Business Journal, downtown Bellevue's residential tower pipeline represents over $4.8 billion in construction value. According to CoreLogic, condo resale values in completed towers have appreciated 8.5% annually since delivery, outpacing the citywide appreciation rate.
Seasonal Sales Patterns
Understanding Bellevue's seasonal dynamics allows agents to time farming campaigns for maximum impact. According to Northwest MLS, Bellevue exhibits pronounced seasonality, with spring concentration amplified by the tech sector's RSU vesting calendar.
| Month | Avg Closings | Median Price Index | DOM Index | Listing Activity |
|---|---|---|---|---|
| January | 125 | 96 | 112 | Low |
| February | 140 | 97 | 108 | Building |
| March | 195 | 99 | 95 | Strong launch |
| April | 225 | 102 | 85 | Peak listings |
| May | 245 | 104 | 78 | Peak buyer demand |
| June | 235 | 105 | 80 | Sustained peak |
| July | 210 | 103 | 82 | Summer plateau |
| August | 195 | 101 | 88 | School-driven |
| September | 180 | 100 | 92 | Fall transition |
| October | 155 | 98 | 98 | Moderating |
| November | 130 | 97 | 105 | Pre-holiday slow |
| December | 115 | 96 | 115 | Holiday minimum |
According to Redfin, Bellevue's May-June peak correlates directly with tech RSU vesting schedules — Amazon and Meta vest quarterly with February and May being the largest tranches. According to Washington REALTORS, agents who launch aggressive farming campaigns in January and February capture listing appointments that culminate in peak-season transactions, maximizing both volume and price.
According to the King County Assessor, Bellevue properties listed in May average 6.8% higher sale prices than identical properties listed in November, reflecting the seasonal demand premium. Agents who use US Tech Automations seasonal campaign automation can time their outreach to capture this premium window.
Price Comparison: Bellevue vs Eastside Cities
Understanding Bellevue's pricing position within the Eastside market helps agents articulate competitive advantages for different buyer segments. According to Northwest MLS, Bellevue commands the highest prices on the Eastside but offers distinct value at each tier.
| City | Median Price | Price/Sq Ft | Avg DOM | Top School Rating | Key Differentiator |
|---|---|---|---|---|---|
| Bellevue | $1,485,000 | $725 | 18 | 10/10 | Urban amenities, tech HQs |
| Kirkland | $1,125,000 | $610 | 16 | 9/10 | Waterfront lifestyle |
| Redmond | $1,195,000 | $585 | 17 | 9/10 | Microsoft HQ, transit |
| Sammamish | $1,525,000 | $535 | 20 | 10/10 | Lakes, large lots |
| Issaquah | $1,050,000 | $495 | 17 | 10/10 | Mountain recreation |
| Mercer Island | $2,150,000 | $785 | 28 | 10/10 | Island exclusivity |
According to the Washington Center for Real Estate Research, Bellevue's price per square foot of $725 is the highest on the Eastside excluding Mercer Island, reflecting the premium buyers place on urban walkability, corporate campus proximity, and light rail access. According to Redfin, buyers who choose Bellevue over Sammamish or Issaquah are typically prioritizing commute time and urban amenities over lot size.
For Eastside market context, explore our guides to Kirkland market data, Redmond demographics, and Sammamish pricing.
Frequently Asked Questions
What is the median home price in Bellevue WA?
According to Northwest MLS, the median home price in Bellevue is $1,485,000 as of early 2026, with significant variation by neighborhood: downtown condos average $1,150,000 while west Bellevue single-family homes average $2,850,000. According to the King County Assessor, Bellevue maintains the highest median price among Washington cities exceeding 100,000 population. According to CoreLogic, the city has appreciated 42% cumulatively since 2020.
How does Bellevue compare to Seattle for real estate?
According to Northwest MLS, Bellevue's median home price of $1,485,000 exceeds Seattle's median of $825,000 by 80%. According to Redfin, Bellevue offers lower crime rates, higher-rated schools, and newer housing stock, while Seattle provides greater urban density, nightlife, and cultural amenities. According to the Washington Center for Real Estate Research, the Bellevue-Seattle price gap has widened by 15 percentage points since 2020, driven by tech employer expansion on the Eastside.
What tech companies are headquartered in Bellevue?
According to the Puget Sound Business Journal, Bellevue hosts major campuses for Meta (5,500 employees), T-Mobile (headquarters, 4,200 employees), Amazon (3,800), Google (2,500), Microsoft (1,200 overflow), and Salesforce (800). According to the Bureau of Labor Statistics, these employers collectively account for over 18,000 jobs with average total compensation of $245,000. According to NAR, tech employment concentration is the primary driver of Bellevue's housing demand.
How good is the Bellevue School District?
According to GreatSchools, the Bellevue School District rates 10 out of 10, ranking in the top 1% of Washington State districts. According to the district, schools produce an average of 38 National Merit Semifinalists annually and maintain a 96% college enrollment rate. According to NAR, the school district premium in Bellevue adds 18 to 25% to home values compared to otherwise comparable properties in average-rated districts.
Is Bellevue a good investment in 2026?
According to CoreLogic, Bellevue is projected to appreciate 5.5 to 7.5% in 2026, supported by tech hiring momentum and constrained inventory. According to Redfin, 35% of Bellevue transactions are all-cash, indicating a buyer pool less sensitive to interest rate fluctuations. According to the Washington Center for Real Estate Research, Bellevue's employment diversity across multiple tech employers reduces single-company dependency risk compared to earlier decades.
What is the property tax rate in Bellevue?
According to the King County Assessor, Bellevue's effective property tax rate is 0.88%, resulting in a median annual tax bill of approximately $13,068 on a $1,485,000 home. According to the Washington Department of Revenue, Washington has no state income tax, making property taxes the primary recurring homeowner obligation. According to the Tax Foundation, Washington's overall property tax burden ranks moderate nationally despite high home values.
How does the light rail affect Bellevue real estate?
According to Sound Transit, the East Link light rail extension provides 24-minute service from downtown Bellevue to downtown Seattle, with additional stations at the Spring District, Wilburton, and East Main. According to the Washington Center for Real Estate Research, properties within a half-mile of light rail stations typically command 15 to 20% price premiums. According to the City of Bellevue, over 2,800 additional residential units are planned within station areas by 2028.
What commission rates do Bellevue agents earn?
According to Washington REALTORS, the average buyer-side commission in the Bellevue market is 2.50%, slightly below the state average of 2.60% due to higher transaction values. According to NAR, the median per-transaction commission of $37,125 in Bellevue is among the highest in the Pacific Northwest. According to the Bureau of Labor Statistics, the top 10% of Bellevue agents earn above $520,000 annually.
How competitive is the Bellevue housing market?
According to Northwest MLS, Bellevue's inventory sits at 1.4 months of supply, well below the 4 to 6 months considered balanced. According to Redfin, the average Bellevue home received 3.2 offers in 2025, with properties priced under $1.2 million averaging 4.5 offers. According to CoreLogic, 42% of Bellevue homes sold above asking price in 2025, with above-ask premiums averaging 4.8%.
Conclusion: Commanding the Bellevue Market
Bellevue's convergence of tech employment, world-class schools, light rail connectivity, and limited supply creates one of the most lucrative farming markets in the western United States. According to Washington REALTORS, the city's $80.5 million annual commission pool rewards agents who bring data sophistication, employer intelligence, and luxury market expertise to their farming operations.
The US Tech Automations platform delivers the precision tools that Bellevue agents need — from tech employer hiring triggers and RSU vesting campaign automation to condo-building farm zones and international buyer multi-language campaigns. In a market where the average transaction generates $37,125 in commission, investing in intelligent farming automation is not optional — it is the cost of competing at the highest level.
For broader Eastside market analysis, see our Issaquah trends guide and Everett pricing data.
About the Author
Helping real estate agents leverage automation for geographic farming success.
