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East King News

Sunday, November 24, 2024

Rising home prices in Bellevue in April

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The median sale price of a home sold in April in Bellevue rose by $516,500 while total sales decreased by 31.7 percent, according to BlockShopper.com.

In April, there were 56 homes sold, with a median sale price of $1,946,500 - a 36.1 percent increase over the $1,430,000 median sale price for the same period of the previous year. There were 82 homes sold in Bellevue in April 2021.

The median sales tax in Bellevue for the most recent year with available data, 2016, was $5,881, approximately 0.3 percent of the median home sale price for April.

The following table compares Bellevue to other King County cities with similar median sale prices in April:

CityApril 2022 Home SalesApril 2021 Home Sales% change (Total Home Sales)April 2022 Median Sales PriceApril 2021 Median Sales Price% change (Median Sales Price)
Hunts Point110$4,300,000$5,000,000-14
Clyde Hill5366.7$3,710,000$2,700,00037.4
Sammamish (unincorporated)20-$3,587,500$0-
Mercer Island231735.3$2,725,000$2,420,00012.6
Duvall (unincorporated)141127.3$2,000,000$1,615,50023.8
Bellevue5682-31.7$1,946,500$1,430,00036.1
Kirkland3044-31.8$1,940,000$1,600,00021.3
Newcastle813-38.5$1,880,000$1,363,00037.9
Sammamish5878-25.6$1,859,000$1,416,00031.3
Redmond (unincorporated)302711.1$1,805,000$1,212,00048.9
Black Diamond (unincorporated)110$1,750,000$1,450,00020.7

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