Market Intelligence · WA / Bellevue

Bellevue, WA 98005 Housing Market

The typical home value in Bellevue, WA 98005 is $1,567,471, down 2.6% over the past year as of 2026-07-01. The median list price sits at $1,325,000, and homes spend a median of 46 days on the market.

Updated August 2026Median value$1536K

The median home value in Bellevue, WA 98005 is $1.54M as of August 2026, down 2.7% 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

$1.41M to $1.66M

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

-2.7% over 12 months

Typical home value in 98005 over the last 12 months: $1.58M in Aug 2025 to $1.54M in Aug 2026 (-2.7%).

Aug 2025$1.58M

Aug 2026$1.54M

The numbers

What is the 98005 housing market like?

Typical home value

$1.54M

Down2.7%YoY

Median list price

$1.32M

Up4.1%MoM

Days on market

46

Up7.0%MoM

Homes for sale

68

Up3.0%MoM

Price cuts

16.0%

Up8.0%MoM

New listings

24

Up100.0%MoM

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

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The comparison

How do 98005 home prices compare?

  • 98005$1,535,675
  • Bellevue$1,535,675
  • Washington$500,124
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Bellevue: 5 ZIPs; Washington: 485 ZIPs; United States: 26,265 ZIPs).

Context

As of 2026-08-01, there are 68 homes for sale in 98005, with 24 new listings coming on the market. The median days on market is 46, so homes are not selling overnight, but they are moving at a steady pace. About 16.0% of listings have taken a price cut, which lines up with a typical home value that is down 2.6% over the past year. The median list price of $1,325,000 is below the typical value of $1,567,471, suggesting sellers are pricing with some caution. For a seller, the honest read is that this is a softer market than a year ago, and pricing accurately from the start matters more than it used to.

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