Key takeaways β West Bellevue luxury market
At just βΌ5.4% in $/sqft, West Bellevue significantly outperformed the broader market (βΌ14.8%), confirming its status as a premium, price-stable submarket.
Transaction count fell 26% (152 β 112), the sharpest volume drop in any submarket. Sellers are holding rather than discounting β a sign of conviction at the top.
Homes now take 59 days on average vs. 34 in 2025. Buyers have more time and leverage β precision pricing and presentation are non-negotiable.
The top sale climbed to $17.37M (Hunts Point) vs. $12.5M in 2025 β evidence that the ultra-luxury tier ($10M+) is deepening, even as mid-market softens.
| Metric | 2025 | 2026 | Change |
|---|---|---|---|
| Avg sold price | $2,775,111 | $2,881,834 | β² +3.9% |
| Avg listed price (MLS) | $2,714,664 | $2,992,842 | β² listed higher |
| Avg original list price | $2,744,874 | $3,033,882 | β² listed higher |
| Avg price per sqft | $1,045 | $989 | βΌ 5.4% |
| Median sold price | $2,325,000 | $1,947,500 | βΌ 16.2% |
| Avg days on market | 34 days | 59 days | βΌ +74% |
| SP% of orig list price | 98.27% | 95.54% | βΌ 2.7 pts |
| SP% of final list price | 99.20% | 96.88% | βΌ 2.3 pts |
| Total transactions | 152 | 112 | βΌ 26.3% |
| High sale | $12,500,000 | $17,370,000 | β² +38.9% |