Market Intelligence · WA / Bellevue

Bellevue, WA 98006 Housing Market

The typical home value in Bellevue's 98006 ZIP code is $1,532,900 as of September 2026, down 4.3% over the past year. The median list price stands at $1,682,000, and homes are taking a median of 56 days to sell.

Updated September 2026Median value$1533K

The median home value in Bellevue, WA 98006 is $1.53M as of September 2026, down 4.3% 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 98006 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

-4.3% over 12 months

Sep 2025$1.6M

Low $1.53MHigh $1.61M

Sep 2026$1.53M

The numbers

What is the 98006 housing market like?

As of September 2026

Typical home value

$1.53M

4.3%YoY

Median list price

$1.68M

3.5%MoM

Days on market

24.4%MoM

Homes for sale

144

0.0%MoM

Price cuts

20.5%

16.2%MoM

New listings

25.0%MoM

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

The outlook

98006 housing market forecast 2027

-0.9%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 98006 to fall 0.9% by September 2027.

Over the 12 months through September 2026, typical home values in 98006 fell 4.3%, per the Zillow Home Value Index.

Will home prices drop in 98006?

Zillow's forecast says they may: it expects typical home values in 98006 to fall 0.9% by September 2027, after a 4.3% 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 98006 home prices compare?

98006$1,532,900
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 98006 market in Bellevue has cooled compared to last year. Typical home value is $1,532,900 as of September 2026, down 4.3% over the past year. There are 144 homes for sale, with 50 new listings hitting the market. Sellers are asking a median of $1,682,000, but homes sit for a median of 56 days before going under contract. About 20.5% of listings have taken a price cut, which signals that some sellers are starting too high and adjusting to meet buyers. If you are thinking of selling, expect buyers to negotiate and price your home realistically from day one.

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Down payment20% · $306,580

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Common questions

What people ask us.

How much is a home in 98006 worth?

The typical home value in the 98006 ZIP code is $1,532,900 as of September 2026. That figure is down 4.3% over the past year.

How long does it take to sell a home in 98006?

Homes in 98006 spend a median of 56 days on the market as of September 2026. About 20.5% of active listings have taken a price cut, which suggests slower buyer demand than in recent years.

How competitive is the Bellevue 98006 housing market?

There are 144 homes for sale in 98006 as of September 2026, with 50 new listings added. The median list price is $1,682,000, but with values down 4.3% over the past year and a median of 56 days on market, buyers have more room to negotiate than they did during the peak.

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Nearby ZIP markets.

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