Bellevue Housing Market Trends
Bellevue Housing Market
Trends & Statistics | Stay Informed
December 2025 was a Seller's market! The number of for sale listings was up 103.7% from one year earlier and down 32.1% from the previous month. The number of sold listings increased 30.6% year over year and increased 35% month over month. The number of under contract listings was down 41.2% compared to previous month and down 9.1% compared to previous year. The Months of Inventory based on Closed Sales was 1.4, up 57.4% from the previous year.
The Average Sold Price per Square Footage was down 1.8% compared to previous month and down 5% compared to last year. The Median Sold Price increased by 9.8% from last month. The Average Sold Price also increased by 3.7% from last month. Based on the 6 month trend, the Average Sold Price trend was "Neutral" and the Median Sold Price trend was "Appreciating".
The Average Days on Market showed a upward trend, a decrease of 5% compared to previous year. The ratio of Sold Price vs. Original List Price was 95%, a decrease of 2.1% compared to previous year.
Video edited on Kapwing
It was a Seller's Market
Property Sales (Sold)
December property sales were 81, up 30.6% from 62 in December of 2024 and 35% higher than the 60 sales last month.
Current Inventory (For Sale)
Versus last year, the total number of properties available this month was higher by 56 units of 103.7%. 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 32.1% compared to the previous month.
Property Under Contract (Pended)
There was a decrease of 41.2% in the pended properties in December, with 30 properties versus 51 last month. This month's pended property sales were 9.1% lower than at this time last year.
All reports are published January 2026, based on data available at the end of December 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 Depreciating*
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 December 2025 Average Sold Price per Square Footage of $717 was down 1.8% from $730 last month and down 5% from $755 in December of last year.
* Based on 6 month trend – Appreciating/Depreciating/Neutral
The Days on Market Showed Upward 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 December 2025 was 38, up 65.2% from 23 days last month and down 5% from 40 days in December 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 95% was down 2.1% % from last month and down from 2.1% % in December of last year.
* Based on 6 month trend - Upward/Downward/Neutral
** Based on 6 month trend – Rising/Falling/Remains Steady
All reports are published January 2026, based on data available at the end of December 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 December was $4,444,000, down 4.5% from $4,652,000 in December of 2024 and up 13.6% from $3,911,000 last month.
The Average Sold Price was Neutral*
The Average Sold Price in December was $2,320,000, down 4.5% from $2,430,000 in December of 2024 and up 3.7% from $2,237,000 last month.
The Median Sold Price was Appreciating*
The Median Sold Price in December was $1,920,000, up 2.5% from $1,873,000 in December of 2024 and up 9.8% from $1,748,000 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 December 2025 Months of Inventory based on Closed Sales of 1.4 was increased by 57.4% compared to last year and down 48.1% compared to last month. December 2025 was Seller's market.
Months of Inventory based on Pended Sales
The December 2025 Months of Inventory based on Pended Sales of 3.7 was increased by 128.3% compared to last year and up 15.7% compared to last month. December 2025 was Neutral market.
All reports are published January 2026, based on data available at the end of December 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 December 2025 Absorption Rate based on Closed Sales of 73.6 was decreased by 35.9% compared to last year and up 98.8% compared to last month.
Absorption Rate based on Pended Sales
The December 2025 Absorption Rate based on Pended Sales of 27.3 was decreased by 55.3% compared to last year and down 13.3% compared to last month.
All reports are published January 2026, based on data available at the end of December 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.
