Bellevue Real Estate Market Report — May 2026
Bellevue, WA housing market for May 2026: median ~$1.55M, 12 days on market, 1.8 months of supply. What it means for buyers and sellers.
By Shivali Sharma, Real Estate Broker · Dulay Homes LLC
Here's where the Bellevue real estate market stands as of May 2026. The Eastside's urban core — a high-rise downtown surrounded by leafy, established neighborhoods. Below are the headline numbers, what they mean if you're buying or selling, and what to watch next month.
Bellevue market snapshot — May 2026
- Median sale price
- $1.55M
- Price / sq ft
- ~$625
- Days on market
- 12
- Months of supply
- 1.8
- Sale-to-list
- 101%
Inventory remains tight at roughly 1.8 months of supply — well below the five-to-six months that signals a balanced market. Well-priced, well-presented homes are still selling quickly (around 12 days on market) and at about 101% of list price.
What this means if you're buying
With supply this tight, speed and preparation win. Get fully pre-approved before you tour, and set up instant listing alerts so you see new Bellevue homes the day they hit the market — not after the first weekend of showings. The buyers who write clean, well-structured offers quickly are the ones getting their homes.
What this means if you're selling
Demand is steady and inventory is low, which favors sellers — but buyers in this price range are discerning. Accurate pricing and strong presentation still drive the best results; overpricing leads to sitting and price cuts even in a tight market. A current, broker-reviewed valuation is the right starting point.
What defines the Bellevue market
- Light rail downtown — The 2 Line connects downtown Bellevue to Seattle and Redmond — a structural boost to transit-served homes.
- Bellevue School District — Bellevue is served primarily by the highly rated Bellevue School District.
- Major employment base — A large downtown office market and a growing Amazon presence underpin housing demand.
- Wide price spectrum — From downtown condos to West Bellevue waterfront — more range than any Eastside city.
The month ahead
Expect the usual seasonal lift in new listings heading into summer, which should give buyers a little more selection — though competition for the best Bellevue homes will stay strong. I'll update these figures next month. Want it in your inbox automatically? Subscribe to the Bellevue market report below.
These are approximate figures for general guidance as of May 2026 — not an appraisal. For the precise, current number on a specific home or block, request a personalized analysis.
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Frequently asked questions
How much does a house cost in Bellevue?
- As of May 2026, Bellevue's approximate median sale price is around $1.55M citywide, but the range is enormous — downtown condos can start near $600K, while West Bellevue and waterfront single-family homes reach into the multimillions. The right number depends entirely on the neighborhood; request a Bellevue market report for current, area-specific figures.
Does Bellevue have light rail?
- Yes. Sound Transit's 2 Line serves downtown Bellevue and the Spring District/BelRed corridor, linking Bellevue to Seattle and Redmond. Proximity to a station is increasingly a factor in both condo and single-family demand, and it's reshaping the BelRed and Wilburton areas.
Is Bellevue a competitive market for buyers?
- It can be, especially for well-priced single-family homes in top school attendance areas, which often draw multiple offers. Inventory is around 1.8 months as of May 2026. Buyers who are pre-approved and ready to move quickly have a meaningful edge; a saved search with instant alerts helps you see new listings the day they hit the market.