Bellevue Home Sales – 98007 zip code (Inventory, Sales, Days-On Market, Sold)
Note: This information is updated monthly.
Inventory is the number of active (“For Sale”) properties. When the number of active properties is higher than the number of closed sales buyers have the upper hand. When there is more supply than demand, prices tend to fall.
Conversely, when there are only few active listings because a large number of homes have sold, the seller has the advantage. When demand outstrips supply, prices usually rise.
Another indicator of a sellers’ market are the days of supply of properties. That is the time it would take to deplete the supply if no new homes were coming on the market (no new homes listed for sale).
The three-year graphs for Bellevue home sales (98007) show that we currently are in a sellers’ market with few homes on the market and prices rising.
Scroll down for links to other zip codes.
Three-Year Inventory and Sales – single family homes, all prices
Trace along the top of the bars to see the number of the currently active listings (yellow) and closed sales (blue) and the year-over-year change.
To see the data, trace and touch any bar. Click on the legend to hide a set of bars.
Average Days On Market* – single family homes, all prices
*From listing date to pending sale (contract)
Trace along the graph to see the number of days homes are on the market and the comparison to the prior year.
Average Sold Price – single family homes, all prices
Trace along the graph to see the average price and the comparison to the prior year.
Bellevue Area Market Trends
Active Listings of Bellevue Home Sales
Go here to find active listings of Bellevue home sales
Bellevue home sales east of I-405
Most of the Bellevue home sales take place east of downtown and I-405. Those are the neighborhoods in the 98005 to 98008 Zip Codes located close to shopping centers such as Crossroads and Overlake medical center and, most importantly, in proximity to the Microsoft main campus. The Bellevue real estate market includes the Somerset area (south of I-90), Eastgate (north of I-90), Spiritridge, Vasa Park, Phantom Lake and Lake Hills neighborhoods.
Bellevue home sales west of I-405
Bellevue home sales west of 1-405 are the located in the 98004 zip code, one of the wealthiest in the greater Seattle area. The most desirable locations are near Old Bellevue and Meydenbauer Bay. It is home to the Bellevue Collection, which is not an art gallery but a very high-end mall plus hotel, restaurants, entertainment venues like an upscale bowling alley and, of course, offices. Usually, Bellevue home sales in the 98004 Zip don’t stay on the market for very long.
If you need more detailed information on Bellevue home sales, such as home prices in your neighborhood, don’t hesitate to contact me.