Home Values

Downtown Bellevue Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$643,700

  • 12.1% 1-year change
  • 4.5% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this neighborhood relative to other neighborhoods in the same metropolitan area. A particular neighborhood may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Cold

Buyers' Market
Sellers' Market

The median home value in Downtown Bellevue is $643,700. Downtown Bellevue home values have gone up 12.1% over the past year and Zillow predicts they will rise 4.5% within the next year. The median list price per square foot in Downtown Bellevue is $486, which is higher than the Bellevue average of $292. The median price of homes currently listed in Downtown Bellevue is $739,000 while the median price of homes that sold is $602,000. The median rent price in Downtown Bellevue is $2,095, which is higher than the Bellevue median of $1,995.

Foreclosures will be a factor impacting home values in the next several years. In Downtown Bellevue 1.7 homes are foreclosed (per 10,000). This is greater than the Bellevue value of 0.9 and also lower than the national value of 4.2

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Relative ZHVI
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Downtown Bellevue Market Overview

Data through Nov 30, 2014
  • $643,700 ZHVI
  • 4.5% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Nov 30, 2015)
  • $739,000 Median listing price
  • $602,000 Median sale price
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Downtown Bellevue Market Health

Data through Nov 30, 2014
  • 9.8/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • No data Homes with negative equity (16.9% US Avg)
  • No data Delinquent on mortgage (6.4% US Avg)

Homes foreclosed (per 10,000)

1.7 homes(Sep 30, 2014) Downtown Bellevue
0.9 homes Bellevue
4.2 homes United States
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Nearby Neighborhoods

Name Median ZHVI
Meydenbauer $887,500
North Bellevue $816,800
Hidden Valley $767,800
Name Median ZHVI
Houghton $758,600
Lake View $748,000
WoodRidge $689,800
Name Median ZHVI
Newport Shores $606,200
Wilburton $595,200
Overlake $477,800

Listings & Sales

Data through Nov 30, 2014
  • $486 Median list price / sq ft
  • $427 Median sale price / sq ft
  • No data Listings with price cut
14.0%
Sold below listing
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Downtown Bellevue Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $2,492 Downtown Bellevue
    $2,470 Bellevue
    $1,342 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $2,095 Rent list price
  • $2.30 Rent list price / sq ft
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