Bellevue isn’t just growing; it’s moving. With the launch of the 2 Line light rail between South Bellevue and Redmond, the way people think about homeownership in this city is changing fast. And at the heart of that shift? A new conversation around condos versus single-family homes—and which better fits today’s demand in the Bellevue real estate market.
The 2 Line: More Than a Commute
The Eastside’s segment of Sound Transit’s 2 Line opened in April 2024, linking neighborhoods like Downtown Bellevue, Wilburton, and the Spring District to Redmond. Though full service to Seattle via I-90 won’t be ready until early 2026, the impact of the Bellevue stations is already clear.
Access to light rail has quickly become a top priority for homebuyers. It’s not just about commuting—buyers want flexibility, car-free mobility, and walkability. This has caused a noticeable shift in how people search for homes in Bellevue, especially in areas within a short walk of the new stations. Additionally, it’s also influencing what type of housing buyers are drawn to.
Condos Are Surging—And It’s Not Just the Price Point
Condos in Bellevue are seeing a resurgence in popularity, thanks largely to their location. Many of the city’s condo buildings—especially in Downtown Bellevue and the Spring District—are positioned within blocks of light rail access. For professionals working in tech, or downsizers who prioritize convenience over square footage, this is a huge advantage.
Newer buildings offer not only proximity to transit but also amenities like fitness centers, concierge services, and in some cases, on-site coworking spaces. For people living a lifestyle where time is a premium, this all-in-one package is hard to beat.
And with Bellevue real estate prices continuing to climb—median home values are up roughly 11.7% year-over-year as of April 2025—condos are a relatively attainable entry point. While the average single-family home sits at over $1.7 million, condos typically range from $500,000 to $1.2 million, depending on size, location, and building age.
Don’t Count Out the Single-Family Appeal
Even as condos grow in popularity, single-family homes still hold strong appeal. Neighborhoods like West Bellevue, Enatai, and Eastgate continue to attract families and move-up buyers who value space, privacy, and long-term stability. These buyers may be less concerned with immediate rail access and more focused on school districts, lot size, and future resale value.
Interestingly, the light rail has also opened new appeal for single-family neighborhoods that were previously seen as car-dependent. Areas like Wilburton and BelRed—once overlooked—are now drawing renewed interest, especially where zoning changes allow for greater housing variety and denser development. In some of these transitional areas, buyers get the best of both worlds: a private yard and a five-minute walk to transit.
What’s Driving the Split in Demand?
1. Lifestyle Alignment
Condos in Bellevue tend to attract people with fast-paced, mobile lifestyles—tech employees, retirees, and remote workers who want walkable access to everything from dining to transit. These buyers are drawn to central locations like the Spring District, where mixed-use planning puts everything within reach.
Single-family homes attract buyers looking for permanence and space. These are often families who prioritize having a backyard, multiple bedrooms, and space for multigenerational living.
2. Affordability and Flexibility
Condos present a more accessible entry point into the Bellevue market. For first-time buyers or those downsizing, it’s a strategic choice. Lower maintenance costs and shared amenities also make condos appealing for those who want a lock-and-leave lifestyle.
Single-family homes, while more expensive, offer long-term value and stronger appreciation potential in many Bellevue submarkets. They also offer more control—no HOA rules, no shared walls, and room for renovations or expansions.
3. Light Rail Proximity
This is the true X-factor. Bellevue real estate near the new 2 Line stations is seeing increased buyer interest. Condos in Downtown Bellevue and the Spring District benefit most immediately from this trend, as they’re steps away from transit hubs.
However, as the 2 Line extends west and buyers become more comfortable relying on rail over driving, single-family homes, even just a mile or two from stations, could also see a bump in demand and value.
Investing in Bellevue Real Estate: Which Way to Go?
Whether you’re buying for yourself or looking to invest, the Bellevue market offers compelling opportunities on both sides. Condos for sale in Bellevue are a smart choice for those focused on location, transit access, and hassle-free ownership. As more professionals move to Bellevue for tech jobs and want the lifestyle benefits of central urban living, demand for these units is expected to rise.
On the other hand, single-family homes remain a cornerstone of the Bellevue market. They offer long-term appreciation, stability, and lifestyle benefits that will always be in demand, especially in top-tier neighborhoods that blend access with prestige.
In both cases, proximity to light rail is now a critical variable. Properties near the 2 Line are positioned to benefit from ongoing appreciation as more of the system opens and Bellevue grows around it.
Discover Your Fit in the Bellevue Real Estate Market
Whether you’re leaning toward an urban condo or a quiet single-family retreat, Bellevue’s housing market is full of opportunity, especially as the city becomes more connected through light rail. The key is choosing a property that aligns with your lifestyle and long-term goals.
For clear, expert insight into the best investment for you, connect with Jeff Reynolds at Urban Condo Spaces. With deep expertise in both condos and real estate across Bellevue, Jeff can help you navigate the nuances of the market and make a smart, confident decision.
