Bellevue Passes Manhattan with the Median Home Price $100K Greater than Manhattan

2 years ago
3

Brutal housing market. Will get even worse for future buyers. Good luck to all buyers in the area!

We had it all wrong. It turns out once-sleepy Bellevue was sprinting there first. You’ve probably been rubbernecking, as I have, at these insane stories about bidding wars for Eastside real estate. This week a Seattle Times colleague noted one house in Bellevue got 14 bids and sold for $1 million more than the asking price.

Local agent Matt Miner relayed that last year he lost out on a $900,000 house in Bellevue because there were 56 other offers. He expects that dizzying pace to slow later this year — but Bellevue now has its own definition of slow.

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