Bellevue & Eastside Luxury Real Estate Market Report | Q4 2025

King County • Luxury Single-Family Homes

King County's luxury market delivered sophisticated buyers more selection in Q4 2025, with inventory balancing after years of scarcity. Premium neighborhoods—from Madison Park waterfront to Sammamish estates—offered 2.8 months of supply, up from 2.1 months year-over-year. Despite increased choice, luxury pricing remained resilient with median sales prices holding at $1,650,000, a modest 1.8% year-over-year increase that signals sustainable growth rather than speculative volatility.

Homes priced $2M-$5M averaged 42 days on market, while $5M+ estates required 68 days—both reflecting buyers' increased due diligence and sellers' willingness to wait for qualified offers. The $3M-$10M segment saw consistent absorption, driven by Microsoft and Amazon executive relocations and international buyers seeking Seattle's tech ecosystem proximity.

Eastside • Luxury Single-Family Homes

The Eastside—anchored by Bellevue, Kirkland, Redmond, and Sammamish—remained the Puget Sound region's luxury epicenter in Q4 2025. Inventory growth of 28% year-over-year brought total luxury listings to 647 homes, yet the market maintained seller favorability with 2.3 months of supply. Median pricing decreased a modest 2.02% to $1,455,000, a healthy correction from 2024's 8.38% surge that positions 2026 for sustainable appreciation.

Bellevue's downtown urban luxury condominiums (Insignia, Lincoln Tower, Avenue Bellevue) saw renewed interest as remote work policies evolved, while suburban luxury estates in Bridle Trails and Education Hill attracted families prioritizing Bellevue School District access. Average price per square foot held at $612, demonstrating that quality construction and prime locations command unwavering premiums.

Seattle • Luxury Single-Family Homes

Seattle's luxury single-family market—concentrated in Madison Park, Laurelhurst, Queen Anne, and Capitol Hill—offered discerning buyers curated inventory with 660 listings and 1.8 months of supply. Median pricing increased 2.3% year-over-year to $1,525,000, reflecting sustained demand for Seattle's walkable urban villages and waterfront access. Luxury condominiums (Four Seasons Residences, Insignia Seattle) averaged 63 days on market as buyers evaluated penthouses and high-floor units for views and building amenities.

Mercer Island • Luxury Single-Family Homes

Mercer Island—Seattle's most exclusive residential island community—maintained its reputation as a seller's market with just 1.6 months of inventory and 73 homes sold in Q4 2025. Properties priced $3M-$8M averaged 53 days on market, reflecting buyers' thorough evaluation of waterfront access, dock rights, and Mercer Island School District enrollment. The island's median price held at $2,875,000, a testament to its enduring appeal among tech executives, medical professionals, and international families.

Bainbridge Island • Single-Family Homes

Bainbridge Island—just a 35-minute ferry ride from downtown Seattle—offers waterfront estates, forested neighborhoods, and small-town charm. The island's market saw 73 homes sold in Q4 2025, a 12.05% year-over-year decrease from Q4 2024's 83 transactions, reflecting typical seasonal patterns for waterfront communities where spring and summer months drive peak activity.

Inventory remained exceptionally tight with just 1.1 months of supply, establishing Bainbridge Island firmly as a seller's market. The median sales price held at $1,287,000, down a modest 1% from Q4 2024's $1,300,000, continuing a three-year trend of gradual price stabilization after the pandemic-era surge. Properties averaged 45 days on market, nearly identical to 2024's 47-day average, indicating that well-priced waterfront homes and forested estates continue to attract qualified buyers efficiently.

Snohomish County • Single-Family Homes

Snohomish County continued attracting luxury buyers seeking Pacific Northwest natural beauty with more attainable pricing—median sales price of $875,000 versus King County's $1,650,000. Inventory rose 24% year-over-year, with waterfront estates on Lake Goodwin and Lake Stevens offering 2.4 months of supply. The county's average price per square foot of $415 represents exceptional value for buyers prioritizing space, privacy, and outdoor recreation.

Island County • Single-Family Homes

Island County—encompassing Whidbey and Camano Islands—experienced strategic buyer activity in Q4 2025, with homes sold increasing 5.75% year-over-year. Median pricing rose 3.8% to $725,000, driven by Seattle metro buyers seeking vacation homes and retirement properties. Waterfront estates with Puget Sound views commanded $1.5M-$4M, while interior homes offered entry points below $600,000. Average days on market (51) reflected buyers' deliberate approach to island lifestyle transitions.

Luxury Condominium Markets • Seattle & Eastside

Seattle Condominiums

Seattle's luxury condominium market offered urban professionals and downsizers exceptional opportunities in Q4 2025, with median pricing at $735,000—a compelling value compared to $1,525,000 for single-family homes. New construction towers (Nexus, KODA, Gridiron) absorbed inventory quickly, while established buildings (Millennium Tower, Cristalla, Colony Club) provided buyers with move-in-ready luxury. Penthouses priced $2M-$8M averaged 89 days on market, requiring strategic pricing and staging to capture qualified buyers.

Eastside Condominiums

Eastside luxury condominiums—concentrated in downtown Bellevue (Lincoln Tower, Bellevue Towers, The Bravern)—saw median pricing rise 2.58% year-over-year to $892,000. Tech executives and empty-nesters drove demand for full-service buildings with concierge, fitness centers, and rooftop amenities. Inventory increased 38% to 3.5 months of supply, providing buyers with negotiation leverage while sellers maintained strong pricing for premium units with unobstructed views and eastern exposure.