Bellevue Condo Prices Soften as Inventory Rises
Are Bellevue Condo Prices Falling in 2026? Not exactly. Bellevue condo prices in 2026 appear mixed rather than broadly falling. Reported medians range from about $599K to $900K, while some downtown and newer units exceed $1M. One February downtown report showed a median sale price of $1.0915M, up sharply from $847.5K a year earlier. A March Eastside update also placed Bellevue’s median condo sales price at $730K, up 4.4%. Inventory Pressure Clouds the Signal Inventory is clearly higher, with 143, 193, or even 222 listings cited across different snapshots. Days on market have also lengthened, showing softer buyer sentiment and more negotiating leverage. Property owners watching market conditions may also be reviewing risk management strategies as part of broader investment planning. Condo average price in May 2026 was about $680K, reflecting Q2 softening from roughly $700K in Q1. Even so, rising supply and elevated mortgage rates have not produced a clear citywide price slide. Current...