Is Bellingham, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Bellingham has remained a Seller's Market.
Key Takeaway
Bellingham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bellingham, WA
How much do homes in Bellingham, WA cost?
Median Sold Price
$627,025
$374/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Bellingham has remained the same since last year.
Summary: The median home sold price in Bellingham was $627,025 in March 2024, up 0.2% from last year, and the median price per square foot was $374.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $314.5K | $320K | +1.7% |
| 2 Bedrooms | $470.7K | $451.9K | -4.0% |
| 3 Bedrooms | $650K | $640.5K | -1.5% |
| 4 Bedrooms | $862.5K | $843.2K | -2.2% |
| 5+ Bedrooms | $882.5K | $908K | +2.9% |
Summary: Bellingham housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.7%, 2 bedroom homes decreased by 4%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 2.9%.
Housing Supply in Bellingham, WA
How many homes are available in Bellingham, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 244 | 293 | +20.1% |
Summary: The Bellingham real estate market had 293 homes for sale in March 2024, a 20.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 14 | 0.0% |
| 2 Bedrooms | 63 | 79 | +25.4% |
| 3 Bedrooms | 101 | 122 | +20.8% |
| 4 Bedrooms | 49 | 60 | +22.4% |
| 5+ Bedrooms | 17 | 18 | +5.9% |
Summary: The Bellingham housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25.4%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 22.4%, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 63 | 90 | +42.9% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
40 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bellingham, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 90 homes were sold or pending in Bellingham in March 2024, up by 42.9% month-over-month. Of the 90 sold homes, 33% were sold under asking, 22% were sold at asking, and 44% were sold over asking.
Days on Market for Bellingham, WA
How long does it take to sell a home in Bellingham, WA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 40 Days | 28 Days | -29.4% |
Summary: Homes in Bellingham had an average of 28 days on market in Mar 2024, down by 29.4% compared to last year.
Breakdown of Home Sale Times
67 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bellingham are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 90 homes were sold in Bellingham; 74% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 10% 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.