Submarket Report
Downtown Bellevue Condo Market 2026 — NWMLS Area 520 Live Data | Jeff Reynolds
Live NWMLS condo market data for Downtown Bellevue (Area 520). Median sale price, price per square foot, days on market, and closed sales — updated continuously. Plus building-level analysis on Avenue Bellevue, One88, Park Row, and other luxury Eastside developments.
Downtown Bellevue Condo Market — Live NWMLS Submarket Data
Downtown Bellevue (NWMLS Area 520) is the Eastside's premier condominium submarket. Newer construction, higher pricing, and proximity to Microsoft and the Eastside tech corridor make it structurally distinct from Downtown Seattle. Live NWMLS data below.
View all 8 Downtown Bellevue metrics on the master dashboard →
The Four Numbers That Matter Most
Median Sales Price
NWMLS LivePrice Per Square Foot
NWMLS LiveDays on Market (Median)
NWMLS LiveClosed Sales
NWMLS LiveWhat's Driving Downtown Bellevue Condo Demand in 2026
Downtown Bellevue is running on different rhythms than Downtown Seattle in 2026. Bellevue's growth-controlled zoning limits new condo supply to a small handful of active projects. Microsoft and Amazon Eastside expansions continue to draw high-income tech professionals into the submarket, and the Bellevue School District remains among the highest-rated in Washington State, sustaining demand from family buyers. The result is sustained pricing roughly 15-25% above Downtown Seattle for equivalent square footage.
Notable Downtown Bellevue Condo Developments
Downtown Bellevue's flagship luxury developments include Avenue Bellevue Residences, Avenue Bellevue Residences Tower, and the upcoming Avenue Bellevue Estates phase — together one of the largest Eastside condominium projects in over a decade. One88 Bellevue (Bosa) sets the boutique luxury price ceiling. Park Row Bellevue (Bosa, 22 stories at 201 Bellevue Way NE) is the only verified active new construction launch in the submarket as of 2026.
Bellevue Condos Overview Park Row Bellevue
Downtown Bellevue Condo Market — Frequently Asked Questions
What is the median condo price in Downtown Bellevue in 2026?
Downtown Bellevue (NWMLS Area 520) condo pricing in Q1 2026 runs roughly 15-25% higher than Downtown Seattle (Area 701) for equivalent square footage. The premium reflects newer construction, lower crime statistics, stronger public schools, and proximity to Microsoft and the Eastside tech corridor. Median pricing for newer Downtown Bellevue condo buildings starts in the high $700Ks and rises sharply for luxury properties.
Why are Bellevue condos more expensive than Seattle condos?
Three factors drive the Bellevue price premium. First, the condo stock is newer on average — most Downtown Bellevue high-rises were built after 2010 versus a much wider age range in Downtown Seattle. Second, the Bellevue School District is among the highest-rated in Washington State, raising demand from family buyers. Third, proximity to Microsoft (Redmond), Amazon's Eastside expansion, and the broader Eastside tech employer base drives sustained demand from high-income tech professionals.
What is the most luxurious condo building in Downtown Bellevue?
Downtown Bellevue's flagship luxury condo developments include Avenue Bellevue Residences (anchored by an InterContinental Hotel), One88 Bellevue (Bosa-developed boutique tower), and the upcoming Park Row Bellevue (Bosa, 22 stories). Avenue Bellevue and One88 set the price-per-square-foot ceiling on the Eastside. Park Row Bellevue is the only verified active new construction launch in the Bellevue submarket as of 2026.
How is the Bellevue condo market different from Seattle?
The Bellevue condo market is structurally newer, smaller, and more luxury-oriented than Seattle. Where Downtown Seattle has a mix of 1990s, 2000s, and 2010s+ buildings across all price tiers, Downtown Bellevue is dominated by post-2010 luxury construction. Bellevue inventory turns over more slowly because owner-occupancy is higher, and the city's growth-controlled zoning limits new supply.
Are Bellevue condos a good investment in 2026?
Bellevue condos have shown durable appreciation through multiple market cycles, supported by the Eastside tech employer base, school quality, and constrained new construction. The investment case is strongest for luxury units in newer buildings (post-2015) where rental demand from relocating tech professionals is reliable. Verify each building's rental cap policy before purchasing as an investor — most Downtown Bellevue luxury buildings impose caps.
Buying or selling in Downtown Bellevue?
Bellevue condo selection requires building-specific HOA, rental cap, and school zone analysis. Talk to Jeff for verified building data and market positioning.
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Jeff Reynolds
Seattle Condo Specialist · Compass Real Estate · 20+ Years
Jeff has spent 20+ years helping buyers and sellers navigate Seattle's condo market building by building. Have a question about this topic?
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