Bellevue & Eastside Real Estate Market Update Q3 2025 | Puget Sound Housing Trends & Insights

Key Market Takeaways

·        Listings surged: The Eastside experienced a 63.6% rise in single-family inventory year-over-year.

·        Market still favors sellers: Despite more listings, most neighborhoods remain seller-leaning with low absorption rates.

·        Pricing stabilized: Median home prices held steady, a sign of healthy demand and confidence in the local economy.

Navigating Q3 2025 Market Trends Across Seattle, Redmond, Kirkland, Bellevue, Mercer Island, and greater Eastside

Overview of the Market

Regional Insights

King County · Single-Family Homes

King County offered buyers more choices in Q3 2025, with inventory rising 26.49% year-over-year and 2.5 months of supply across diverse communities ranging from historic Seattle homes to Eastside waterfront estates. Despite increased seller activity, buyer motivation softened slightly, resulting in a 2.16% decline in closed sales. Median pricing remained stable, showing only a modest 1.13% increase to $988,000, signaling a balanced and steady market.

Snohomish County · Single-Family Homes

Snohomish County continued to attract buyers seeking more space and natural beauty, offering a lower average price per square foot ($415) compared to King County. Inventory rose significantly—up 36.53% year-over-year—with 2.2 months of supply, keeping the market in seller-leaning territory despite pricing holding steady with less than 1% change. Buyer activity softened, reflected in a 7.7% drop in closed sales and an average of 32 days on market as purchasers took a more cautious approach

Island County · Single-Family Homes

Island County experienced notable growth in prices, inventory, and overall activity in Q3, creating favorable conditions for both buyers and sellers. Homes for sale surged 44.48% year-over-year, increasing months of inventory from 2.6 to 3.3 and lengthening the average days on market from 39 to 51. Despite slower sales velocity, sellers benefited from a 4.93% rise in median prices to $660,000, regaining the value lost in the prior year.

Seattle · Single-Family Homes

Seattle’s single-family market offered buyers more opportunity in Q3 2025, with increased inventory and a diverse mix of historic homes, waterfront estates, and unique in-city properties. Buyer activity strengthened, reflected in a 9.63% rise in closed sales, while inventory levels held steady at roughly 2.7 months of supply and homes averaged 31 days on market. Despite a slight decline in price per square foot, median prices edged up 2.02% to $1.01M, signaling steady demand and resilient values.

Eastside · Single-Family Homes

Condos · Seattle & Eastside

Seattle’s condominium- market remained highly attractive in Q3 2025, offering buyers a more affordable entry point with a median price of $542,000 compared to $1.01M for single-family homes. Both supply and demand increased, with homes sold up 15.82% and active listings up 14.66%, creating a balanced, neutral market supported by 5.1 months of inventory. Buyers exercised patience with an average of 53 days on market, yet activity remained strong as both sides engaged confidently.

The Eastside condominium- market remained desirable in Q3 2025, offering a blend of urban convenience and attainable homeownership, with median prices rising 2.58% year-over-year. Inventory expanded significantly—up 38.13%—pushing months of supply from 2.6 to 3.5 and bringing the market closer to neutral territory. With buyers taking their time and homes averaging 49 days on market, the segment saw steady activity supported by increased choice and balanced pricing trends.