Is Lynden, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Lynden has remained a Seller's Market.
Key Takeaway
Lynden is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lynden, WA
How much do homes in Lynden, WA cost?
Median Sold Price
$617,500
$315/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lynden have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in Lynden was $617,500 in May 2024, up 10.3% from last year, and the median price per square foot was $315.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $227.5K | -3.2% |
| 2 Bedrooms | $397K | $426K | +7.3% |
| 3 Bedrooms | $542.5K | $580K | +6.9% |
| 4 Bedrooms | $699.9K | $725K | +3.6% |
| 5+ Bedrooms | $814.5K | $960K | +17.9% |
Summary: Lynden housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.2%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 17.9%.
Housing Supply in Lynden, WA
How many homes are available in Lynden, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 94 | 103 | +9.6% |
Summary: The Lynden real estate market had 103 homes for sale in May 2024, a 9.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 21 | 25 | +19.0% |
| 3 Bedrooms | 40 | 36 | -10.0% |
| 4 Bedrooms | 23 | 32 | +39.1% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Lynden housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 19%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 39.1%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 33 | +50.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lynden, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in Lynden in May 2024, up by 50.0% month-over-month. Of the 33 sold homes, 45% were sold under asking, 42% were sold at asking, and 12% were sold over asking.
Days on Market for Lynden, WA
How long does it take to sell a home in Lynden, WA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 28 Days | 52 Days | +81.2% |
Summary: Homes in Lynden had an average of 52 days on market in May 2024, up by 81.2% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lynden are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 33 homes were sold in Lynden; 67% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.