The housing market in Bellevue continues to see strong price appreciation, with values up 26.0% compared to last year. Home prices have increased 4.4% in the past month alone. At the current pace, all available homes in Bellevue would sell out in just 1.3 months, indicating a continued supply shortage. Homes are taking about 37 days to sell, which is -2 days longer than this time last year. The majority of homes (66.7%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Bellevue market with the affordability index at 98.8. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.