Market Intelligence · WA / Bellevue

Bellevue, WA 98008 Housing Market

The typical home value in Bellevue, WA 98008 is $1,317,444, down 4.8% over the past year as of August 2026. The median list price sits at $1,498,000, with homes spending a median of 40 days on market.

Updated September 2026Median value$1291K

The median home value in Bellevue, WA 98008 is $1.29M as of September 2026, down 5.3% 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 98008 range

$1.19M to $1.39M

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

-5.3% over 12 months

Sep 2025$1.36M

Low $1.29MHigh $1.37M

Sep 2026$1.29M

The numbers

What is the 98008 housing market like?

As of September 2026

Typical home value

$1.29M

5.3%YoY

Median list price

$1.5M

11.6%MoM

Days on market

8.1%MoM

Homes for sale

0.0%MoM

Price cuts

17.6%

55.1%MoM

New listings

18.7%MoM

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

The outlook

98008 housing market forecast 2027

-0.9%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 98008 to fall 0.9% by September 2027.

Over the 12 months through September 2026, typical home values in 98008 fell 5.3%, per the Zillow Home Value Index.

Will home prices drop in 98008?

Zillow's forecast says they may: it expects typical home values in 98008 to fall 0.9% by September 2027, after a 5.3% 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 98008 home prices compare?

98008$1,291,296
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

Bellevue's 98008 ZIP has 90 homes for sale as of September 2026, with 26 new listings coming on the market during that month. The median of 40 days on market reflects a market that favors neither buyers nor sellers strongly. Nearly one in five listings, at 17.6%, have seen price reductions. For sellers, the decline in typical home values combined with the price-cut activity suggests this is a market where pricing strategy matters significantly, and realistic expectations are important.

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Common questions

What people ask us.

What is the typical home value in 98008?

The typical home value in Bellevue, WA 98008 is $1,317,444, down 4.8% over the past year as of August 2026.

How long do homes stay on the market in 98008?

The median time homes spend on market in this ZIP is 40 days as of September 2026.

How many homes are currently for sale in 98008?

There are 90 homes for sale in 98008, with 26 new listings as of September 2026.

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Nearby ZIP markets.

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