Market Intelligence · WA / Bellevue

Bellevue, WA 98004 Housing Market

Homes in Bellevue, WA 98004 have a typical value of $1,954,222, down 1.9% over the past year. The median list price stands at $2,012,000, with homes spending a median of 63 days on the market.

Updated September 2026Median value$1913K

The median home value in Bellevue, WA 98004 is $1.91M as of September 2026, down 2.4% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 98004 range

$1.76M to $2.07M

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-2.4% over 12 months

Sep 2025$1.96M

Low $1.91MHigh $1.98M

Sep 2026$1.91M

The numbers

What is the 98004 housing market like?

As of September 2026

Typical home value

$1.91M

2.4%YoY

Median list price

$2.01M

1.7%MoM

Days on market

1.6%MoM

Homes for sale

244

2.0%MoM

Price cuts

12.0%

5.2%MoM

New listings

10.0%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

98004 housing market forecast 2027

-0.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 98004 to fall 0.6% by September 2027.

Over the 12 months through September 2026, typical home values in 98004 fell 2.4%, per the Zillow Home Value Index.

Will home prices drop in 98004?

Zillow's forecast says they may: it expects typical home values in 98004 to fall 0.6% by September 2027, after a 2.4% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 98004 home prices compare?

98004$1,913,485
Bellevue$1,501,554
Washington$496,668
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Bellevue: 5 ZIPs; Washington: 485 ZIPs; United States: 26,262 ZIPs).

Context

Bellevue's inventory includes 244 homes for sale as of September 2026, with 66 new listings coming to market in that month. The median list price of $2,012,000 sits above the typical home value, suggesting some sellers are pricing optimistically. Homes are taking 63 days to sell, which is a moderately extended timeline. About 12.0% of listings have already seen a price cut, indicating some adjustment in the market. For sellers, this mix of softening values and slower sales velocity means pricing strategy matters more than usual.

Monthly payment

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Home price

Down payment20% · $382,697

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Common questions

What people ask us.

What is the typical home value in Bellevue, WA 98004?

The typical home value is $1,954,222 as of August 2026, down 1.9% over the past year.

How many homes are currently for sale in 98004?

There are 244 homes for sale as of September 2026, with 66 new listings that month.

How long do homes take to sell in this area?

The median days on market is 63 as of September 2026.

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Nearby ZIP markets.

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