Market Intelligence · WA / Bellevue

Bellevue, WA 98004 Housing Market

In Bellevue, WA 98004, the typical home value is $1,913,485 as of September 2026, down 2.4% over the past year. The median list price is $2,012,000, and homes are 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. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with 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

As of September 2026, Bellevue, WA 98004 had 244 homes for sale and 66 new listings. The median list price was $2,012,000, while the typical home value was $1,913,485, down 2.4% over the past year. A median of 63 days on market points to a slower pace than a hot seller's market. Price cuts appeared on 12.0% of listings, which suggests some sellers are adjusting expectations. For a seller, the honest read is that pricing needs to be realistic from the start.

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Down payment20% · $382,697

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Common questions

What people ask us.

How much is a home in 98004 worth?

The typical home value in Bellevue, WA 98004 is $1,913,485 as of September 2026, down 2.4% over the past year.

How long are homes taking to sell in 98004?

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

Are sellers cutting prices in 98004?

As of September 2026, 12.0% of listings had a price cut, with 244 homes for sale and 66 new listings.

Discover

Nearby ZIP markets.

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