The housing market in Bellaire continues to see strong price appreciation, with values up 429.4% compared to last year. Home prices have decreased 26.2% in the past month. At the current pace, all available homes in Bellaire would sell out in just 1.6 months, indicating a continued supply shortage. Transaction volume is up 400% compared to what's typically expected this time of year. Only 0.0% of listings saw price reductions, suggesting sellers are confident in their pricing. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Bellaire market with the affordability index at 104.8. Based on current market indicators, home prices in Bellaire are projected to increase by approximately 3.0% over the next month.