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Friday, November 15, 2024

Bellevue home prices rose in the second quarter of 2021

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The median sale price of a home sold in the second quarter of 2021 in Bellevue rose by $402,150 while total sales increased by 93%, according to BlockShopper.com.

From April through June of 2021, there were 276 homes sold, with a median sale price of $1,502,150 - a 36.6% increase over the $1,100,000 median sale price for the same period of the previous year. There were 143 homes sold in Bellevue in the second quarter of 2020.

The median sales tax in Bellevue for the most recent year with available data, 2016, was $5,881, approximately 0.4% of the median home sale price for the second quarter of 2021.

The following table compares Bellevue to other King County cities with similar median sale prices in the second quarter of 2021:

CityApr. - June 2021 Home SalesApr. - June 2020 Home Sales% change (Total Home Sales)Apr. - June 2021 Median Sales PriceApr. - June 2020 Median Sales Price% change (Median Sales Price)
Beaux Arts Village20-$2,492,500$0-
Mercer Island644639.1%$2,137,500$1,630,50031.1%
Newcastle (unincorporated)42100%$2,014,000$565,000256.5%
Sammamish (unincorporated)42100%$1,922,500$1,037,50085.3%
Fenton (unincorporated)73133.3%$1,895,000$1,380,00037.3%
Bellevue27614393%$1,502,150$1,100,00036.6%
Duvall (unincorporated)39382.6%$1,475,000$1,107,50033.2%
Kirkland1447982.3%$1,450,000$1,136,50027.6%
Sammamish23115945.3%$1,400,000$960,00045.8%
Redmond1086468.8%$1,355,000$920,00047.3%
Redmond (unincorporated)996259.7%$1,275,000$897,50042.1%

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