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If you’re thinking of buying a home in Bellevue, WA, or anywhere else in Washington State, there are factors to consider. And perhaps one of the most important ones is the average home price.
Obviously, it’s important to understand how many homes are being listed and selling for before you start looking for a home to buy. Understanding what the current market is like and how much homes are fetching will give you an idea of how much you may have to spend in order to get into the market.
Of course, there are price ranges when it comes to buying a home, and you can choose to spend anywhere from the very bottom end of the price spectrum if you’re on a tight budget, or spend a little more if your finances permit.
One thing is for certain: Bellevue is one of the more expensive cities in Washington State to buy a home, and for good reason. The city is a very desirable one thanks to the gorgeous natural landscaping, plenty of amenities, outdoor recreation, safe and family-friendly communities, low crime rate, great schools, and access to plenty of employment opportunities.
Let’s take a look at Bellevue and the average home price you can expect to pay in this Seattle suburb.
Bellevue offers a rare blend of economic strength, lifestyle quality, and long-term investment potential. As a major tech hub—home to companies like Microsoft and close to Amazon—it provides strong job growth and high earning potential. The city features top-rated schools, low crime, and well-planned neighborhoods, making it ideal for families and professionals.
Residents enjoy beautiful parks, waterfront views, and easy access to Seattle and outdoor recreation in the Cascades. With no state income tax in Washington and steady property appreciation, buying in Bellevue combines financial advantages with exceptional livability, making it one of the most desirable real estate markets in the Pacific Northwest.
Seattle boasts tons of great neighborhoods within the confines of city limits, including spots like Somerville, Lakemont, and Newport Hills, to name a few.
Right now, the real estate market across the entire nation is healthy. It seems that no matter where you look, home prices are through the roof. Such is certainly the case in Bellevue.
According to RedFin, Bellevue is in the midst of a very competitive real estate market right now. Many homes see multiple offers and bidding wars among buyers vying for the same properties. Some offers are being put in with contingencies waived by buyers in order to help them come out the winner in these situations. So much demand is driving prices up quickly.
On average, homes are selling 28 days after being listed. It’s easy to see that Bellevue is a healthy housing market right now.
Pro Tip: Check out our 2026 Conforming Loan Limits and FHA Loan Limits pages to help you understand how much you can borrow with a specific mortgage program.
According to real estate research firm Zillow, the average home price in Bellevue, WA is $1,445,800 as of February 2026. While that marks a 1.1% decrease from the same time last year, experts suggest that home prices in the city will rise modestly throughout 2026.
By RedFin’s data, most homes get multiple offers, often with waived contingencies. The average homes sell for about 2% above list price and go pending in around 28 days, as mentioned, while hot homes can sell at listing list price and go pending in around 5 days.
Bellevue is certainly a great place to consider buying a home. If you do choose to plant some roots in Bellevue and make a home purchase, be sure to team up with a seasoned mortgage broker and real estate agent to ensure a successful transaction.
Do you have questions about home loans? Are you ready to apply for a mortgage to buy a home in Bellevue, WA? If so, Sammamish Mortgage can help. We are a local mortgage company from Bellevue, WA, serving all of Washington, Oregon, Idaho, Colorado, and California. We offer many mortgage programs to buyers all over the Pacific Northwest and have been doing so since 1992, including our Diamond Homebuyer Program, Cash Buyer Program, and Bridge Loans, among others. Visit our website to use our mortgage calculator or to get an instant rate quote. Contact us today with any questions you have about mortgages or to get pre-approved.
Whether you’re buying a home or ready to refinance, our professionals can help.
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