The story of this market
The typical home in ZIP 98004 sells for about $1,898,436, or $827 per square foot.
Prices are down 21% from a year ago, which gives buyers more room to negotiate. Homes take about 16 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $4,025 a month.
ZIP 98004 — Bellevue
The 98004 housing market is experiencing a significant correction, with median sale prices declining 21% year-over-year to $1.9M. While the market remains competitive, the selling cycle has lengthened compared to the previous year, reflecting broader cooling trends in the Seattle metro area. Several metrics, including months of supply and specific tax data, were not available at the ZIP level.
This ZIP is ideal for high-net-worth individuals, corporate professionals, and families seeking luxury living, top-tier schools, and proximity to major tech employers.
Median prices moved down 21.0% year over year.
Homes spend a median of 16 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
ZCTA 98004, King County WA
The area is served by the Bellevue School District, which is highly regarded for its academic performance and rigorous curriculum.
Bellevue serves as a major economic hub with significant corporate presence, including major technology and retail headquarters, driving ongoing development and infrastructure investment.
Residents benefit from proximity to major employment centers in downtown Bellevue and easy access to Seattle via I-405 and SR-520.
The area features extensive access to Lake Washington waterfronts, numerous public parks, and high-end shopping and dining districts like The Bellevue Collection.
The rental market is characterized by high demand and premium pricing, reflecting the area's status as a luxury residential and employment hub.
The economy is anchored by the technology, retail, and professional services sectors, with Bellevue serving as a primary corporate headquarters location in the Pacific Northwest.
The area is well-connected by major highway corridors including I-405 and SR-520, with ongoing expansion of regional light rail infrastructure.
The area features a robust pipeline of high-density mixed-use and commercial office developments, particularly in the downtown Bellevue core.
Parcels are subject to standard municipal and county-level property tax levies, with specific assessments for the Bellevue School District.
Data sourced from U.S. Census Bureau 2020 DHC and ACS 5-Year Estimates.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Remlinger Farms4.314.1 mi
- Sky Zone Trampoline Park4.112.3 mi
- Tukwila Family Fun Center & Bullwinkle's Restaurant4.311.3 mi
- Sky Zone Trampoline Park4.111.8 mi
- Round1 Bowling & Arcade411.8 mi
- T-Mobile Park4.76.4 mi
- Climate Pledge Arena4.56.9 mi
- Lumen Field4.66.3 mi
- Paramount Theatre4.76 mi
- Topgolf Renton4.19.1 mi
- Space Needle4.66.7 mi
- Pike Place Market4.66.5 mi
- Westfield Southcenter4.411.8 mi
- Woodland Park Zoo4.67.4 mi
- Gas Works Park4.76.2 mi
- Pike Place Market4.66.5 mi
- Gas Works Park4.76.2 mi
- The Museum of Flight4.88.6 mi
- Chihuly Garden and Glass4.76.8 mi
- Museum of Pop Culture4.56.7 mi
- Gas Works Park4.76.2 mi
- Kerry Park4.87.2 mi
- Golden Gardens Park4.710.3 mi
- Discovery Park4.810.2 mi
- Marymoor Park4.74.7 mi
- Pier 664.56.8 mi
- Seattle Yacht Club4.65 mi
- Mercer Island Beach Club4.56.9 mi
- Gasworks Park Marina4.66.1 mi
- Seattle Boat Company - Newport4.83.6 mi
- Topgolf Renton4.19.1 mi
- Willows Run Golf Complex45.1 mi
- Interbay Golf Center4.58.2 mi
- Bill Wright Golf Complex At Jefferson Park4.36.3 mi
- The Golf Club at Newcastle4.46.9 mi
- Bellevue Square4.50.7 mi
- Pike Place Market4.66.5 mi
- Westfield Southcenter4.411.8 mi
- University Village4.65 mi
- Uwajimaya Seattle4.66 mi
- Paine Field4.719.8 mi
- Seattle-Tacoma International Airport (SEA) Parking Garage3.413.4 mi
- King County International Airport - Boeing Field4.57.7 mi
- Kenmore Air - Lake Union4.66.3 mi
- Kenmore Air - Lake Washington4.59.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major regional shopping and entertainment destination.
A prominent waterfront park on Lake Washington.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).