Is East Whatcom, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Whatcom is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, East Whatcom has remained a Seller's Market.

Key Takeaway

East Whatcom is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in East Whatcom, WA

How much do homes in East Whatcom, WA cost?

Median Sold Price

$410,000

$315/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$66,000(+19.2%)

Key Takeaway

Homes in East Whatcom have sold for 19.2% more than they did a year ago.

Summary: The median home sold price in East Whatcom was $410,000 in November 2024, up 19.2% from last year, and the median price per square foot was $315.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $192.5K$249.5K
+29.6%
2 $329.4K$357.5K
+8.5%
3 $404.5K$430K
+6.3%
4 $555K$472.5K
-14.9%
5+ $875K$1.1M
+29.1%

Summary: East Whatcom housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.6%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 14.9%, and 5+ bedroom homes increased by 29.1%.

Median Sold Price Compared To Nearby Cities

Deming
+36.0%
East Whatcom
+19.2%
East Skagit
+13.3%
Maple Falls
+6.0%

Housing Supply in East Whatcom, WA

How many homes are available in East Whatcom, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6963-8.7%

Summary: The East Whatcom real estate market had 63 homes for sale in November 2024, a 8.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 78
+14.3%
2 2421
-12.5%
3 3027
-10.0%
4 55
0.0%
5+ 32
-33.3%

Summary: The East Whatcom housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1811-38.9%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Whatcom, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in East Whatcom in November 2024, down by 38.9% month-over-month. Of the 11 sold homes, 55% were sold under asking, 45% were sold at asking, and 0% were sold over asking.

Days on Market for East Whatcom, WA

How long does it take to sell a home in East Whatcom, WA?

Average Sale Time

Nov 2023Nov 2024CHANGE
87 Days38 Days-55.7%

Summary: Homes in East Whatcom had an average of 38 days on market in Nov 2024, down by 55.7% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in East Whatcom are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 11 homes were sold in East Whatcom; 55% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

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