Market Intelligence · WA / Bellevue

Bellevue, WA 98007 Housing Market

The typical home value in Bellevue 98007 is $995,621, down 4.5% over the past year as of August 2026. The median list price stands at $728,250, with homes spending a median of 59 days on the market.

Updated September 2026Median value$970K

The median home value in Bellevue, WA 98007 is $970K as of September 2026, down 5.0% 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 98007 range

$892K to $1.05M

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

-5.0% over 12 months

Sep 2025$1.02M

Low $970KHigh $1.02M

Sep 2026$970K

The numbers

What is the 98007 housing market like?

As of September 2026

Typical home value

$970K

5.0%YoY

Median list price

$728K

4.6%MoM

Days on market

1.7%MoM

Homes for sale

15.5%MoM

Price cuts

15.9%

42.9%MoM

New listings

0.0%MoM

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

The outlook

98007 housing market forecast 2027

-1.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 98007 to fall 1.0% by September 2027.

Over the 12 months through September 2026, typical home values in 98007 fell 5.0%, per the Zillow Home Value Index.

Will home prices drop in 98007?

Zillow's forecast says they may: it expects typical home values in 98007 to fall 1.0% by September 2027, after a 5.0% 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 98007 home prices compare?

98007$969,833
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

September 2026 saw 71 homes for sale in the ZIP, with 24 new listings added to the market. The median days on market of 59 suggests a slower pace than in prior years, reflecting softer buyer demand. A notable 15.9% of current listings have already been marked down from their original asking price. For sellers, this combination of a declining typical home value, longer market times, and active price reductions indicates that setting realistic expectations and pricing strategically will be important to moving a home.

Monthly payment

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Home price

Down payment20% · $193,967

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Common questions

What people ask us.

What is the typical home value in Bellevue 98007?

As of August 2026, the typical home value is $995,621, down 4.5% from the previous year.

How long do homes typically stay on the market here?

The median days on market is 59 days as of September 2026.

What share of homes for sale have had a price cut?

As of September 2026, 15.9% of listings in the ZIP have experienced a price reduction.

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Nearby ZIP markets.

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