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Market Intelligence · WA / Bellevue

Bellevue, WA 98008 Housing Market

The typical home value in Bellevue's 98008 ZIP code is $1,291,296, down 5.3% over the past year as of September 2026. Sellers are listing at a median of $1,498,000, and homes are spending a median of 40 days on the 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. 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 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

Typical home value in 98008 over the last 12 months: $1.36M in Sep 2025 to $1.29M in Sep 2026 (-5.3%).

Sep 2025$1.36M

Sep 2026$1.29M

The numbers

What is the 98008 housing market like?

Typical home value

$1.29M

Down5.3%YoY

Median list price

$1.5M

Down11.6%MoM

Days on market

40

Up8.1%MoM

Homes for sale

90

Flat0.0%MoM

Price cuts

17.6%

Up55.1%MoM

New listings

26

Down18.7%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

As of September 2026, there are 90 homes for sale in 98008, with 26 new listings coming on the market. The median list price sits at $1,498,000, well above the typical home value of $1,291,296, which has fallen 5.3% over the past year. Homes are taking a median of 40 days to sell, and 17.6% of listings have taken a price cut. That gap between asking prices and actual values suggests buyers have room to negotiate. For a seller, pricing realistically from the start matters more than it did a year ago.

Monthly payment

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20% · $258,259

Common questions

What people ask us.

How much is a home in 98008 worth?

The typical home value in 98008 is $1,291,296 as of September 2026, down 5.3% over the past year.

How long does it take to sell a home in 98008?

Homes in 98008 are spending a median of 40 days on the market as of September 2026. About 17.6% of current listings have had a price cut.

How many homes are for sale in 98008?

There are 90 homes for sale in 98008 as of September 2026, including 26 new listings. The median list price is $1,498,000.

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