Is East Whatcom, 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, 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
$378,500
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in East Whatcom have sold for 1.7% less than they did a year ago.
Summary: The median home sold price in East Whatcom was $378,500 in March 2024, down 1.7% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $108K | $200K | +85.2% |
| 2 Bedrooms | $325K | $356.7K | +9.8% |
| 3 Bedrooms | $408K | $410K | 0.5% |
| 4 Bedrooms | $584K | $447.5K | -23.4% |
| 5+ Bedrooms | $473.7K | $1.1M | +132.2% |
Summary: East Whatcom housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 85.2%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 0.5%, 4 bedroom homes decreased by 23.4%, and 5+ bedroom homes increased by 132.2%.
Median Sold Price Compared To Nearby Cities
| Lyman-Hamilton | $535K | $593.7K | +11.0% |
| Maple Falls | $329.9K | $360K | +9.1% |
| East Skagit | $343K | $344.5K | 0.4% |
| East Whatcom | $385K | $378.5K | -1.7% |
| Deming | $543K | $520K | -4.2% |
Housing Supply in East Whatcom, WA
How many homes are available in East Whatcom, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 41 | 44 | +7.3% |
Summary: The East Whatcom real estate market had 44 homes for sale in March 2024, a 7.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 12 | 11 | -8.3% |
| 3 Bedrooms | 23 | 26 | +13.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The East Whatcom housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 13%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Whatcom, you could pay more than the asking price. 40% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in East Whatcom in March 2024, down by 9.1% month-over-month. Of the 10 sold homes, 30% were sold under asking, 30% were sold at asking, and 40% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 52 Days | 26 Days | -49.8% |
Summary: Homes in East Whatcom had an average of 26 days on market in Mar 2024, down by 49.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in East Whatcom are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in East Whatcom; 70% of homes were sold within 30 days, 20% 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.