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Market Intelligence · WA / Bellevue

Bellevue, WA 98005 Housing Market

The typical home in Bellevue, WA 98005 is worth $1,501,554, down 3.3% over the past year as of September 2026. The median list price sits at $1,316,500, and homes are spending a median of 45 days on market.

Updated September 2026Median value$1502K

The median home value in Bellevue, WA 98005 is $1.5M as of September 2026, down 3.3% 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 98005 range

$1.38M to $1.62M

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

-3.3% over 12 months

Typical home value in 98005 over the last 12 months: $1.55M in Sep 2025 to $1.5M in Sep 2026 (-3.3%).

Sep 2025$1.55M

Sep 2026$1.5M

The numbers

What is the 98005 housing market like?

Typical home value

$1.5M

Down3.3%YoY

Median list price

$1.32M

Down0.6%MoM

Days on market

45

Down2.2%MoM

Homes for sale

73

Up7.4%MoM

Price cuts

21.3%

Up33.3%MoM

New listings

36

Up50.0%MoM

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

The outlook

98005 housing market forecast 2027

-0.7%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 98005 to fall 0.7% by September 2027.

Over the 12 months through September 2026, typical home values in 98005 fell 3.3%, per the Zillow Home Value Index.

Will home prices drop in 98005?

Zillow's forecast says they may: it expects typical home values in 98005 to fall 0.7% by September 2027, after a 3.3% 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 98005 home prices compare?

  • 98005$1,501,554
  • 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's 98005 ZIP has 73 homes for sale, with 36 new listings coming to market. The median list price is $1,316,500, and the typical home value is $1,501,554, down 3.3% over the past year. Homes are taking a median of 45 days to sell, and 21.3% of listings have had a price cut. That combination points to a market that has cooled from its peak, with buyers taking more time and some sellers adjusting their expectations. For a homeowner thinking about selling, pricing realistically from the start matters more than it did a year ago.

Monthly payment

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20% · $300,311

Common questions

What people ask us.

How much is a home in 98005 worth?

The typical home value in Bellevue, WA 98005 is $1,501,554, down 3.3% over the past year as of September 2026.

How long are homes taking to sell in 98005?

Homes in 98005 are spending a median of 45 days on market as of September 2026.

Is 98005 a buyer's or seller's market right now?

As of September 2026, 21.3% of listings in 98005 have had a price cut, and the typical home value is down 3.3% over the past year. That suggests buyers have somewhat more leverage than they did recently.

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