Bellevue buyers have choices, and sellers still need to make a clear case for their price. The October 22 snapshot reports 24 pending events, 19 sold events and 29 price reductions. These are activity events, not a count of unique homes available.
This Week's Listing Activity
NWMLS Matrix captured October 22, 2026 at 7:48 a.m. PDT, date boundary October 15 onward. City Bellevue; Residential detached criteria; attached zero-lot-line and incomplete records excluded. Events can overlap. Prior October 16 snapshot starts October 9: the windows overlap, and filter/clock parity is unverified. Active versus prior New Active equivalence is unverified, so its change is N/A. These are raw reported-snapshot differences, not a clean week-over-week comparison.
September Prices And Market Conditions
September’s average sold price was $2,106,492, up 1.4% from September 2025 and down 1.7% from August. There were 81 closed sales, 388 homes for sale and 4.9 months of supply based on closed sales. Sold homes averaged 29 days on market. Buyers can compare alternatives carefully; sellers should weigh recent comparable sales and competing listings before choosing an asking price.
NWMLS InfoSparks city Residential data is broader than the detached-only weekly search. Price is actual average sold price, not median. Days on market describes sold homes. September 2026 is the latest complete month; October is excluded.
Mortgage Rates And Average Sold Prices
Freddie Mac 30-year fixed mortgage rates via FRED MORTGAGE30US: arithmetic calendar-month means of weekly observations. Local price and national rate series have different populations and do not establish causation.
Current Mortgage Rate Environment
The latest MND reading available when checked on October 22 remained dated October 21. Mortgage News Daily's national daily index ended at 7.40% for a 30-year fixed mortgage, unchanged from the previous reading, after an earlier dip. This daily snapshot is separate from the monthly FRED averages above. Compare the full payment and loan terms with your lender; these indexes are not personalized loan quotes.
Open full-size current-rate graph · Live mortgage-rate dashboard · MND daily index
Loan product | Rate | Change (pp) |
|---|---|---|
30-year fixed | 7.40% | 0.00 |
15-year fixed | 7.04% | -0.01 |
30-year jumbo | 7.65% | 0.00 |
7/6 SOFR ARM | 6.82% | +0.02 |
30-year FHA | 7.05% | +0.03 |
30-year VA | 7.06% | +0.02 |
Source: Mortgage News Daily, October 21, 2026 daily index. Graph initially checked at 2:35 p.m. PDT and values rechecked October 22 during this morning's drafting. Daily changes are percentage points, not percent changes. National indexes differ from APRs and lender offers. Read the day's commentary.
Detailed Data And Comparisons
Weekly reported snapshots
Event | Prior snapshot | Oct 22 | Raw change |
|---|---|---|---|
First Look | 2 | 4 | +2 (100.0%) |
Active / prior New Active | 37 | 31 | N/A |
Back on Market | 4 | 3 | -1 (-25.0%) |
Price Reduced | 19 | 29 | +10 (52.6%) |
Price Increased | 0 | 1 | +1 (N/A) |
Contingent | 0 | 0 | +0 (N/A) |
Expired | 6 | 7 | +1 (16.7%) |
Pending | 31 | 24 | -7 (-22.6%) |
Sold | 16 | 19 | +3 (18.8%) |
Canceled | 19 | 14 | -5 (-26.3%) |
Complete-month values
Average sold price: broader Residential
Month | Average sold price |
|---|---|
2025-09 | $2,077,970 |
2025-10 | $2,000,909 |
2025-11 | $2,092,754 |
2025-12 | $2,298,059 |
2026-01 | $2,444,481 |
2026-02 | $2,152,104 |
2026-03 | $1,925,358 |
2026-04 | $1,946,975 |
2026-05 | $2,337,571 |
2026-06 | $2,227,412 |
2026-07 | $2,113,163 |
2026-08 | $2,141,897 |
2026-09 | $2,106,492 |
National monthly 30-year fixed rate
Month | 30-year rate |
|---|---|
2025-09 | 6.35% |
2025-10 | 6.25% |
2025-11 | 6.24% |
2025-12 | 6.19% |
2026-01 | 6.10% |
2026-02 | 6.05% |
2026-03 | 6.18% |
2026-04 | 6.33% |
2026-05 | 6.44% |
2026-06 | 6.49% |
2026-07 | 6.54% |
2026-08 | 6.67% |
2026-09 | 6.86% |
Metric | Sep 2025 | Aug 2026 | Sep 2026 |
|---|---|---|---|
Closed sales | 108 | 77 | 81 |
Homes for sale | 251 | 395 | 388 |
Sold average DOM | 29 | 31 | 29 |
Months supply (closed) | 3 | 4.9 | 4.9 |
Frequently Asked Questions
Does the average price describe my home's value?
No. The mix of homes sold affects the average. Location, condition, size and recent comparable sales matter when discussing a specific property.
Should I wait for mortgage rates to fall?
Start with a payment range that works for you and a current lender quote. Rates can change, and an index is not a personalized quote. We can discuss how available homes and timing fit your plans.
Sources And Scope
Sources: NWMLS Matrix seven-day event search and NWMLS InfoSparks, checked October 22, 2026; FRED MORTGAGE30US; Mortgage News Daily, latest dated reading October 21, rechecked October 22. Figures may be revised.
Let's Talk About Your Next Move
Bellevue’s latest numbers show ongoing sales alongside more inventory than a year ago, making careful comparisons and realistic pricing useful on both sides of a move. If you’re considering buying or selling in Bellevue, I’m happy to help you discuss your options, look at relevant homes and recent sales, and build a plan that fits your goals. — Jeremy Minor, Team NSRG
