Market Intelligence · WA / Bellevue

Bellevue, WA 98005 Housing Market

Bellevue 98005 homes are valued at a typical $1,535,675, down 2.7% over the past year. The median list price is $1,316,500, with homes spending a median 45 days on the market as of September 2026.

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. 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 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

Sep 2025$1.55M

Low $1.5MHigh $1.58M

Sep 2026$1.5M

The numbers

What is the 98005 housing market like?

As of September 2026

Typical home value

$1.5M

3.3%YoY

Median list price

$1.32M

0.6%MoM

Days on market

2.2%MoM

Homes for sale

7.4%MoM

Price cuts

21.3%

33.3%MoM

New listings

50.0%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

The market shows mixed signals. There are 73 homes for sale with 36 new listings in September 2026, suggesting moderate inventory flow. However, 21.3% of listings have taken price cuts, which aligns with the 2.7% decline in typical home values over the year. The median 45 days on market reflects a buyer's market compared to historically tighter conditions in this area. Sellers should expect a more deliberate sales process than in previous years.

Monthly payment

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Home price

Down payment20% · $300,311

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Common questions

What people ask us.

What is the typical home value in Bellevue 98005?

The typical home value is $1,535,675 as of August 2026, down 2.7% over the past year.

How long do homes typically stay on the market in 98005?

Homes spend a median of 45 days on the market as of September 2026.

How many homes are currently for sale in this ZIP?

There are 73 homes for sale as of September 2026.

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