Bellevue 98004

King County, WA · 6,783 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

0affordability /100

Buyer leverage is seller slight; weigh payment burden and the 3-lens valuation before bidding.

Payment burden
67.8%
severe
Days on market
19
daily
Price cuts
15.1%
of active
Valuation
+138.2%
vs assessor
Look up an address
25
/100
Weak
stable · seller slight · prices easing year-over-year.
Price trend
42
Affordability
10
Valuation
20

Verdict grades housing conditions; buyer-timing, investor cash-flow, supply-tightness and county macro scores answer different questions — each in its own section.

Buyer / sellerbuyer-timing lens

66/ 100SellerBalancedBuyer
Negotiate Hard
Needs 55.8% correction for affordability
DOM: 75d (rising) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)100
Valuation Gap (25%)10
Supply & Demand (20%)100
Buy vs Rent (15%)100
Cancellation Rate (10%)0
Days on Market (5%)75

Moderate buyer leverage in 98004. Room to negotiate 5-10% below list. Payment burden: 67.8% of median income. A 48% price correction needed to reach 30% affordability threshold. Median days on market: 75. Renting is approximately 370% cheaper than buying (price-to-rent ratio: 56.4).

What to Offer

Offer 5-10% below list. You have room to negotiate.

Conditions resemble 2019 pre-pandemic levels — moderate overvaluation with slowing demand. Negotiation room exists.
STABLESELLER SLIGHT

Market is holding steady with balanced conditions. Sellers hold a slight edge. Prices down 1.7% YoY.

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Market snapshoteach number, once

Median price
$1,971,845
▾ 1.7% YoY
Days on market
19
daily · zip_data
Median rent
$2,914
ZORI
Investor score
22/100
cash-flow lens
Active listings
210
90-day

Valuation3 lenses, different anchors

vs assessor
+138.2%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$4,697,050
county CAMA · properties_v
vs income
Fair-value model not available for this market.
fair_value_scores · 10-state coverage
vs county comps
+69.0%
County-wide market — the widest, slowest signal.
King+69.0%
Lotvox comps · mv_valuation_gap

Read together: Above county comps but sustainable on local incomes.
Pricing detail
Price / sqft
Price-to-income11.2×

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How 98004 ranks in WA
percentile vs all Washington ZIPs · n=581
Market velocity63%
Supply tightness29%
Affordability0%
Investment yield5%
Appreciation14%

Affordability, supply & momentum

27SUPPLY
BalancedSupply Tightness

Supply and demand are roughly even — standard negotiation dynamics.

Months of Supply19.5 mo
Days on Market19d
Inv vs History+62.1%
Listing Density--
Affordability — payment burden
Monthly payment (P&I)$9,960
Payment burden67.8%
Median income · ZIP$176,367
Mortgage rate6.49% · 30yr
Total monthly own$11,932
Monthly rent$2,914
Market dynamics
Price cut %15.1%
Momentumstable
LeverageSELLER SLIGHT
Months of supply19.5
Sales (90d)0
Investment analysis
Median rent$2,914
Price-to-rent56.4
Est. cap rate1.2%
Buy vs rentfavors renting

Livability

Walk score39
Transit score24
Bike score

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King County contextmacro · jobs · debt · migration

ZIP score grades housing; county score adds macro distress (jobs, debt, poverty). They answer different questions.

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