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Evergreen Reporter

Friday, November 15, 2024

Falling home prices in Bellevue in May 2020

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The median sale price of a home sold in May 2020 in Bellevue fell by $119,000 while total sales decreased by 56.1%, according to BlockShopper.com.

In May 2020, there were 50 homes sold, with a median sale price of $1,040,000 - a 10.3% decrease over the $1,159,000 median sale price for the same period of the previous year. There were 114 homes sold in Bellevue in May 2019.

The median sales tax in Bellevue for the most recent year with available data, 2016, was $5,881, approximately 0.6% of the median home sale price for May 2020.

The following table compares Bellevue to other King County cities with similar median sale prices in May 2020:

CityMay 2020 Home SalesMay 2019 Home Sales% change (Total Home Sales)May 2020 Median Sales PriceMay 2019 Median Sales Price% change (Median Sales Price)
Fenton (unincorporated)12-50%$1,260,000$1,182,5006.6%
Newcastle813-38.5%$1,223,900$905,00035.2%
Duvall (unincorporated)1016-37.5%$1,180,000$997,00018.4%
Fall City (unincorporated)26-66.7%$1,072,450$755,00042%
Normandy Park58-37.5%$1,052,500$749,25040.5%
Bellevue50114-56.1%$1,040,000$1,159,000-10.3%
Redmond2326-11.5%$940,000$893,0005.3%
Sammamish5577-28.6%$930,000$950,000-2.1%
Issaquah (unincorporated)1118-38.9%$915,000$761,75020.1%
Woodinville (unincorporated)1015-33.3%$904,975$795,00013.8%
Redmond (unincorporated)2032-37.5%$901,150$920,000-2%

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