diff --git a/.changeset/dry-parrots-bathe.md b/.changeset/dry-parrots-bathe.md
new file mode 100644
index 000000000..8b5b59954
--- /dev/null
+++ b/.changeset/dry-parrots-bathe.md
@@ -0,0 +1,5 @@
+---
+'svelte': patch
+---
+
+fix: support contenteditable binding undefined fallback
diff --git a/packages/svelte/src/internal/client/dom/elements/bindings/universal.js b/packages/svelte/src/internal/client/dom/elements/bindings/universal.js
index 0e825a580..bb00e09da 100644
--- a/packages/svelte/src/internal/client/dom/elements/bindings/universal.js
+++ b/packages/svelte/src/internal/client/dom/elements/bindings/universal.js
@@ -18,7 +18,7 @@ export function bind_content_editable(property, element, get_value, update) {
 		var value = get_value();
 
 		if (element[property] !== value) {
-			if (value === null) {
+			if (value == null) {
 				// @ts-ignore
 				var non_null_value = element[property];
 				update(non_null_value);
diff --git a/packages/svelte/tests/runtime-runes/samples/contenteditable-state/Test.svelte b/packages/svelte/tests/runtime-runes/samples/contenteditable-state/Test.svelte
new file mode 100644
index 000000000..7aa8b96ac
--- /dev/null
+++ b/packages/svelte/tests/runtime-runes/samples/contenteditable-state/Test.svelte
@@ -0,0 +1,9 @@
+<script>
+	let {children} = $props()
+	let innerText = $state()
+	$inspect(innerText);
+</script>
+
+<div contenteditable="true" bind:innerHTML={innerText}>
+	{@render children()}
+</div>
diff --git a/packages/svelte/tests/runtime-runes/samples/contenteditable-state/_config.js b/packages/svelte/tests/runtime-runes/samples/contenteditable-state/_config.js
new file mode 100644
index 000000000..84b0d7863
--- /dev/null
+++ b/packages/svelte/tests/runtime-runes/samples/contenteditable-state/_config.js
@@ -0,0 +1,5 @@
+import { test } from '../../test';
+
+export default test({
+	html: `<div contenteditable="true">Test</div>`
+});
diff --git a/packages/svelte/tests/runtime-runes/samples/contenteditable-state/main.svelte b/packages/svelte/tests/runtime-runes/samples/contenteditable-state/main.svelte
new file mode 100644
index 000000000..a7ad4c4a0
--- /dev/null
+++ b/packages/svelte/tests/runtime-runes/samples/contenteditable-state/main.svelte
@@ -0,0 +1,7 @@
+<script>
+	import Test from './Test.svelte'
+</script>
+
+<Test>
+	Test
+</Test>