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Market Intelligence · WA / Bellevue

Bellevue, WA 98007 Housing Market

The typical home value in Bellevue, WA 98007 is $969,833, down 5.0% over the past year as of September 2026. The median list price sits at $728,250, and homes are 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. 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 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

Typical home value in 98007 over the last 12 months: $1.02M in Sep 2025 to $970K in Sep 2026 (-5.0%).

Sep 2025$1.02M

Sep 2026$970K

The numbers

What is the 98007 housing market like?

Typical home value

$970K

Down5.0%YoY

Median list price

$728K

Down4.6%MoM

Days on market

59

Up1.7%MoM

Homes for sale

71

Down15.5%MoM

Price cuts

15.9%

Down42.9%MoM

New listings

24

Flat0.0%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

There were 71 homes for sale in the 98007 area as of September 2026, with 24 new listings coming on the market that month. Buyers have room to be selective: homes are taking a median of 59 days to sell, and 15.9% of listings have taken a price cut. The typical home value of $969,833 is down 5.0% over the past year, which points to a cooling market rather than a rising one. For a seller in 98007, the honest read is that pricing accurately from the start matters more right now than waiting for the market to come back.

Monthly payment

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20% · $193,967

Common questions

What people ask us.

How much is a home in 98007 worth?

The typical home value in 98007 is $969,833 as of September 2026, down 5.0% over the past year. The median list price for homes on the market is $728,250.

How long does it take to sell a home in 98007?

Homes in 98007 spent a median of 59 days on the market as of September 2026. As of that month, there were 71 homes for sale and 24 new listings.

Are sellers cutting prices in 98007?

Yes. As of September 2026, 15.9% of listings in 98007 had a price cut.

Discover

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