Downtown Bellevue Real Estate Market
Downtown Bellevue Housing Market Report
Downtown Bellevue is the Eastside's vertical district — a compact core of condominium towers around Bellevue Square, the East Link line, and one of the country's densest concentrations of tech employment. Supply arrives in lumps when towers deliver and stays scarce in between, so the market's rhythm is set by the construction calendar as much as by rates.
Page author
Adriano Tori
Designated Broker, Founder & CEO — RexMont Real Estate · WA Lic. #27660
Adriano leads RexMont Real Estate — the most-reviewed real estate brokerage in Seattle and the Eastside. 1,200+ closed transactions, $1B+ in production, and 1,241 five-star Google reviews.
Market figures above: Bellevue-area figures (98004). Downtown Bellevue has no ZIP of its own, so these numbers describe the whole 98004 area, not Downtown Bellevue alone.
As of September 2026, the median condo listing price in the 98004 ZIP (Bellevue-area figures, which include Downtown Bellevue) is $899K ($841 per square foot), and condos are averaging 55 days on market.
Stats updated September 2026· refreshed monthly and reviewed by RexMont's brokerage team.
Methodology & data sources
Market statistics on this page — median listing price, price per square foot, and days on market — are computed from active residential listings in ZIP 98004, WA (condo segment only), sourced from RentCast, a licensed real-estate data provider aggregating MLS records and county public records. These are Bellevue-area figures for ZIP 98004, which includes Downtown Bellevue. RentCast reports market statistics by ZIP code, and Downtown Bellevue does not have a ZIP of its own, so the numbers reflect the whole 98004 area rather than Downtown Bellevue alone. Figures refresh the first week of every month (current data: September 2026) and are reviewed by RexMont Real Estate's brokerage team (WA firm license #21220). Individual property listings shown on this page come from the live NWMLS feed. Historical figures are not restated after publication.
Journalists: monthly figures for 47 Puget Sound cities are available on a citable, dated page for each market. For custom cuts, methodology questions, or to receive the monthly refresh, contact adriano@rexmont.com. Please attribute "RexMont Real Estate market report" with a link to this page.
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Market context
What shapes downtown Bellevue's market.
Supply arrives in lumps. Between tower deliveries, downtown's resale inventory is a handful of units across a handful of buildings — sellers face little direct competition and prices hold. When a new tower releases hundreds of units at once, leverage flips district-wide for a season. Reading the delivery calendar is half of timing this market.
Building generation is the price ladder. The mid-2000s towers, the 2010s generation, and the newest luxury deliveries occupy distinct per-square-foot rungs — different finishes, amenity models, and HOA cost structures. Cross-generation comparisons mislead; the market prices within generations first.
The buyer pool is deep and unusually international. Downtown employment growth, Microsoft access via East Link, empty-nesters trading Eastside houses for lock-and-leave living, and long-standing international demand converge on the same small set of buildings — the depth that lets well-priced units clear even when broader luxury demand softens.
HOA economics are load-bearing. Full-service tower dues are substantial, count against loan qualification, and vary widely in reserve discipline. The resale certificate and reserve study decide whether a unit is a sound purchase at least as much as its view line does — and informed buyers read them first.
Coverage
Service area at a glance
RexMont represents buyers and sellers across these Seattle and Eastside markets. Click any city for the full local guide.
Bellevue, WA
ZIPs: 98004 · 98005 · 98006 · 98007 · 98008
Schools: Bellevue SD
Medina, WA
ZIP: 98039
Schools: Bellevue SD
Clyde Hill, WA
ZIP: 98004
Schools: Bellevue SD
Mercer Island, WA
ZIP: 98040
Schools: Mercer Island SD
Kirkland, WA
ZIPs: 98033 · 98034
Schools: Lake Washington SD
Redmond, WA
ZIPs: 98052 · 98053
Schools: Lake Washington SD
Sammamish, WA
ZIPs: 98074 · 98075
Schools: Lake Washington / Issaquah SD
Issaquah, WA
ZIPs: 98027 · 98029
Schools: Issaquah SD
Newcastle, WA
ZIPs: 98056 · 98059
Schools: Renton SD
Woodinville, WA
ZIPs: 98072 · 98077
Schools: Northshore SD
Kenmore, WA
ZIP: 98028
Schools: Northshore SD
Seattle, WA
ZIPs: 98101 · 98109 · 98112 · 98115 · 98118
Schools: Seattle Public Schools
Buying in downtown Bellevue
Choose the building before the unit — generation, HOA health, rental rules, and closed view premiums decide long-term outcomes here. RexMont evaluates each tower's record before you offer and times leverage against the delivery calendar.
Talk to a downtown Bellevue buyer agentSelling in downtown Bellevue
Your competition is a handful of listings in a handful of buildings, visible to every buyer in the district. RexMont prices on floor, view, and building generation, and markets to the tech, downsizer, and international pools that actually buy downtown.
Get your condo's valueLive NWMLS data
Active homes for sale in Downtown Bellevue
The latest active NWMLS listings in Downtown Bellevue, refreshed hourly.
- Median price
- $964,500
- Median $/sqft
- N/A
- Avg days on market
- 17
- Listings for sale
- 132+
Active2 days on market$999,000
MLS# 2584232300 110th Avenue Ne #314
Bellevue, WA 98004
3 bd2.5 baListing courtesy of Windermere Real Estate/East
Active2 days on market$899,000
MLS# 258441110232 Ne 10th Street #1207
Bellevue, WA 98004
1 bd0.75 baListing courtesy of RE/MAX Town Center
Active2 days on market$687,000
MLS# 258422710129 Main Street #306
Bellevue, WA 98004
2 bd1.5 baListing courtesy of Kelly Right RE of Seattle LLC
Active3 days on market$415,000
MLS# 25834401100 106th Avenue Ne #704
Bellevue, WA 98004
1 bd1 baListing courtesy of RE/MAX Town Center
Active3 days on market$424,000
MLS# 258127110819 Ne 37th Place #221
Bellevue, WA 98004
2 bd1 baListing courtesy of John L. Scott, Inc.
Active4 days on market$639,000
MLS# 25822881100 106th Avenue Ne #203
Bellevue, WA 98004
2 bd1.75 baListing courtesy of Windermere Real Estate/East
Showing the 6 newest of 132 active condos for sale in Downtown Bellevue, pulled directly from NWMLS and refreshed hourly. See all 132 Downtown Bellevue condos for sale, each with photos, price history, and a per-listing mortgage estimate.
Listing data courtesy of NWMLS. Provided for the consumer's personal, non-commercial use. Market stats are calculated from the active NWMLS listings shown here for Downtown Bellevue; individual neighborhoods and property types may vary.
Search all Downtown Bellevue listings →Related markets
Explore Bellevue's markets.
Bellevue High-Rise Condo Report
The tower-by-tower deep dive — building generations, premiums, and live listing data.
Bellevue Market Report
The citywide view — where downtown's towers sit against West Bellevue's estates.
Downtown Bellevue Condos for Sale
Live NWMLS condo listings in the core, refreshed hourly.
Downtown Kirkland Market
The Eastside's other walkable core — waterfront village scale instead of towers.
Seattle High-Rise Condo Report
The cross-lake comparison every downtown Bellevue buyer runs.
FAQ
Questions buyers and sellers ask first.
Is downtown Bellevue a buyer's or seller's market?
Downtown Bellevue is a scarcity market with a lumpy supply schedule: between tower deliveries, established buildings face little direct competition and sellers hold the line; when a new tower releases units in bulk, buyers briefly gain leverage across the whole district. Timing against the delivery calendar matters more here than in any other Eastside market.
What does downtown Bellevue housing consist of?
Almost entirely condominiums — from the mid-2000s tower generation to the newest luxury deliveries — plus a thin ring of townhomes on the district's edges. Buyers wanting a downtown Bellevue address are effectively choosing among buildings, which is why building generation, HOA health, and view line drive pricing.
How does downtown Bellevue compare to downtown Seattle for condo buyers?
Bellevue trades urban variety for polish: newer average building age, a compact walkable core around Bellevue Square and the light-rail line, and direct access to Eastside employment. Per-square-foot pricing in the premium towers commonly rivals or exceeds Seattle's, supported by tech and international demand — see our dedicated high-rise condo report for the tower-by-tower view.
What is the East Link light rail's effect on downtown Bellevue values?
The Bellevue Downtown station connected the district to Microsoft's Redmond campus and Seattle without a car, broadening the buyer pool beyond downtown's own employers. Station-walkable buildings gained a durable access premium, and the line is a standing argument in every relocation buyer's math.
How current is the market data on this page?
The market figures on this page are Bellevue-area figures (98004), refreshed monthly from RentCast market data and reviewed by RexMont's brokerage team. Downtown Bellevue has no ZIP code of its own — 98004 also covers west Bellevue, Clyde Hill, and the Points — and RentCast reports by ZIP, so the numbers describe the whole 98004 area rather than the downtown towers alone. The condo segment is the closest read on the district. Live listing counts come from active NWMLS listings in the district.
How does RexMont represent downtown Bellevue buyers and sellers?
Building by building. RexMont tracks how each downtown tower trades — floor-plan demand, closed view premiums, HOA health, rental rules — and negotiates from that record rather than district averages. 1,241 Google 5-star reviews and $1B+ in closed production back that approach.
Tower markets reward building-level precision.
In a district where generation, HOA health, and view line set the price, averages are noise. RexMont brings 1,241 Google 5-star reviews, $1B+ in closed production, and 1,200+ transactions to every downtown Bellevue engagement.
Talk to a downtown Bellevue real estate expert