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This $465K Bellevue Home Incited A 44-Offer Bidding War


At first glance, this 1962-built Bellevue 4-BR seems...fine, right? Nice place, but, nothing special. Well, don't tell that to the 44 people who submitted offers on it in just a week, setting off a bidding war that ended with a buyer paying 18% above asking price. The house, located in the popular Spiritridge community, listed for $395K on March 11 and went under contract in a week, selling on March 28 for $465K. According to Redfin, it's no surprise given that Bellevue home prices are up 10% from last year and inventory is down almost 31%. Area homes are spending a median 7 days on the market. So let it be known, if you liked what you see in Bellevue, don't waste a moment.
· 16511 SE 28th St, Bellevue [Redfin]
· Real-Time Price Tracker [Redfin]

Redfin

2025 1st Avenue, #6, Seattle, WA 98121