## Bellevue Real Estate in 2026: Navigating a Market in Flux
The Bellevue real estate market is currently showcasing intriguing shifts that both buyers and sellers should note. As of February 2026, the median home sale price in Bellevue has decreased to $1.6 million, which is a 10.7% decline year-over-year according to Redfin. Interestingly, despite this drop in home prices, the price per square foot has slightly increased by 0.4% to $746. The market dynamics are further complicated by a substantial increase in inventory, with 268 homes currently for sale, up from previous months, as reported by Brandice Raybourn Real Estate.
Understanding the Trends
In recent months, Bellevue has seen a fluctuating real estate market marked by a decrease in sales volume, with only 51 homes sold in February 2026, down from the previous month. The average days on market have increased to 41 days, suggesting a cooling period compared to last year’s brisk pace of 27 days. This shift indicates a potential buyer’s market, where increased inventory gives buyers more options and leverage in negotiations.
For sellers, this means setting realistic expectations and competitive pricing strategies will be crucial. Homes that are priced competitively and in move-in condition are likely to see faster closings. Meanwhile, buyers have the opportunity to explore a wider array of properties, potentially negotiating better terms.
Bellevue Schools and Amenities
Bellevue is renowned for its exceptional school district, although specific ratings are currently unavailable. Even so, the city’s commitment to educational excellence remains a significant draw for families considering relocation. Beyond education, Bellevue offers a wealth of amenities, including expansive parks and vibrant shopping districts. Bellevue Square and the newly expanded Lincoln Square South provide a rich mix of dining, entertainment, and retail experiences, making the city a well-rounded choice for diverse lifestyles.
Lifestyle and Recreation
Outdoor enthusiasts will find Bellevue’s proximity to natural landscapes appealing. The city is flanked by extensive trail networks and waterfront parks, offering activities like hiking, cycling, and kayaking. The Bellevue Botanical Garden and the city’s various community events, such as the annual Bellevue Arts Fair, further enrich the local lifestyle.
Employment and Commute Options
Bellevue’s strategic location near major tech hubs like Seattle and Redmond makes it a prime spot for professionals in the tech industry. Companies like Microsoft and Amazon continue to expand their footprint in the region, bolstering job opportunities. Bellevue’s access to major highways and a robust public transit system, including the Sound Transit Light Rail expansion slated for completion in the coming years, enhances its appeal for those commuting to neighboring cities.
Future Development Plans
Looking ahead, Bellevue is poised for significant growth with projects like the Richards Ridge luxury home development by Connor Homes, which recently hit the market near Factoria. These developments promise to further elevate Bellevue’s status as a desirable living destination while catering to a growing population.
Practical Takeaways for Buyers and Sellers
For buyers, now might be an opportune time to enter the market, with more options and potentially more negotiating power. Engaging with local real estate experts who understand the nuances of Bellevue’s market can be invaluable. For sellers, understanding the current market conditions and pricing homes appropriately will be key to attracting serious buyers.
In conclusion, Bellevue’s real estate market in early 2026 is characterized by an increased supply and a shift towards a more balanced state. Buyers and sellers should navigate these changes with informed strategies and professional guidance. As the market continues to evolve, staying updated with local market reports and trends is crucial for making informed decisions.
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