Bellevue Housing Market
Trends & Statistics | Stay Informed
August 2025 was a Seller's market! The number of for sale listings was up 75.8% from one year earlier and down 16.3% from the previous month. The number of sold listings increased 6.4% year over year and decreased 16% month over month. The number of under contract listings was up 15% compared to previous month and up 35.3% compared to previous year. The Months of Inventory based on Closed Sales was 2.1, up 62.7% from the previous year.
The Average Sold Price per Square Footage was up 1.8% compared to previous month and up 11.8% compared to last year. The Median Sold Price decreased by 5.4% from last month. The Average Sold Price also decreased by 2.3% from last month. Based on the 6 month trend, the Average Sold Price trend was "Neutral" and the Median Sold Price trend was "Depreciating".
The Average Days on Market showed a neutral trend, a decrease of 9.5% compared to previous year. The ratio of Sold Price vs. Original List Price was 98%, a decrease of 2% compared to previous year.
Video edited on Kapwing
It was a Seller's Market
Property Sales (Sold)
August property sales were 100, up 6.4% from 94 in August of 2024 and 16% lower than the 119 sales last month.
Current Inventory (For Sale)
Versus last year, the total number of properties available this month was higher by 91 units of 75.8%. This year's bigger inventory means that buyers who waited to buy may have bigger selection to choose from. The number of current inventory was down 16.3% compared to the previous month.
Property Under Contract (Pended)
There was an increase of 15% in the pended properties in August, with 115 properties versus 100 last month. This month's pended property sales were 35.3% higher than at this time last year.
All reports are published September 2025, based on data available at the end of August 2025, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.
The Average Sold Price per Square Footage was Neutral*
The Average Sold Price per Square Footage is a great indicator for the direction of property values. Since Median Sold Price and Average Sold Price can be impacted by the 'mix' of high or low end properties in the market, the Average Sold Price per Square Footage is a more normalized indicator on the direction of property values. The August 2025 Average Sold Price per Square Footage of $831 was up 1.8% from $816 last month and up 11.8% from $743 in August of last year.
* Based on 6 month trend – Appreciating/Depreciating/Neutral
The Days on Market Showed Neutral Trend*
The average Days on Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM trends to indicate a move towards more of a Buyer’s market, a downward trend indicates a move towards more of a Seller’s market. The DOM for August 2025 was 19, down 17.4% from 23 days last month and down 9.5% from 21 days in August of last year.
The Sold/Original List Price Ratio Remains Steady**
The Sold Price vs. Original List Price reveals the average amount that sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. This month Sold Price vs. Original List Price of 98% was up 3.2% from last month and down from 2% in August of last year.
* Based on 6 month trend - Upward/Downward/Neutral
** Based on 6 month trend – Rising/Falling/Remains Steady
All reports are published September 2025, based on data available at the end of August 2025, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.
The Average For Sale Price was Appreciating*
The Average For Sale Price in August was $3,515,000, down 7.5% from $3,801,000 in August of 2024 and up 5.1% from $3,343,000 last month.
The Average Sold Price was Neutral*
The Average Sold Price in August was $2,387,000, up 15.5% from $2,067,000 in August of 2024 and down 2.3% from $2,443,000 last month.
The Median Sold Price was Depreciating*
The Median Sold Price in August was $1,750,000, down 4.4% from $1,830,000 in August of 2024 and down 5.4% from $1,850,000 last month.
* Based on 6 month trend - Appreciating/Depreciating/Neutral
It was a Seller's Market*
A comparatively lower Months of Inventory is more beneficial for sellers while a higher months of inventory is better for buyers.
*Buyer’s Market: More than 6 months of inventory
Seller’s Market: Less than 3 months of inventory
Neutral Market: 3 – 6 months of inventory
Months of Inventory based on Closed Sales
The August 2025 Months of Inventory based on Closed Sales of 2.1 was increased by 62.7% compared to last year and the same compared to last month. August 2025 was Seller's market.
Months of Inventory based on Pended Sales
The August 2025 Months of Inventory based on Pended Sales of 1.8 was increased by 28.3% compared to last year and down 27.8% compared to last month. August 2025 was Seller's market.
All reports are published September 2025, based on data available at the end of August 2025, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.
It was a Seller's Market*
Absorption Rate measures the inverse of Months of Inventory and represents how much of the current active listings (as a percentage) are being absorbed each month.
*Buyer’s market: 16.67% and below
Seller’s market: 33.33% and above
Neutral market: 16.67% - 33.33%
Absorption Rate based on Closed Sales
The August 2025 Absorption Rate based on Closed Sales of 47.4 was decreased by 39.4% compared to last year and up 0.4% compared to last month.
Absorption Rate based on Pended Sales
The August 2025 Absorption Rate based on Pended Sales of 54.5 was decreased by 23% compared to last year and up 37.3% compared to last month.
All reports are published September 2025, based on data available at the end of August 2025, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.
