Bellevue & Eastside Real Estate Market Update Q3 2025 | Puget Sound Housing Trends & Insights
As Q3 2025 wrapped up, the Puget Sound real estate market continued to evolve—marked by increased inventory, moderate pricing adjustments, and a more deliberate pace of buyer activity. Across Seattle, the Eastside, and Mercer Island, these shifts signal a market becoming more balanced while retaining strong fundamentals.
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
The Eastside—home to vibrant communities like Bellevue, Kirkland, and Woodinville—saw a significant supply shift in Q3 2025, with homes for sale increasing 63.57% year-over-year. While closed sales dipped from 1,536 to 1,414, months of inventory rose to 2.5, yet the region still operated firmly as a seller’s market. Pricing held steady overall, with only a 1.32% decrease in median price and a slight 0.48% rise in average price per square foot.
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.
Whether you’re planning to achieve your real estate goals before the end of the year or setting a strategy for 2026, understanding these market trends is essential for making informed decisions. The insights provided in this report offer a comprehensive look at the current state of the real estate market across the region. If you’re ready to take the next step, I invite you to reach out. With over 25 years of experience, strong marketing strategies, and a deep understanding of the local market, I’m here to guide you in achieving your real estate objectives.
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