Is Lynden, 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, 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
$614,000
$314/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lynden have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in Lynden was $614,000 in March 2024, up 10.9% from last year, and the median price per square foot was $314.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $227.5K | -3.2% |
| 2 Bedrooms | $390K | $425K | +9.0% |
| 3 Bedrooms | $540.4K | $560K | +3.6% |
| 4 Bedrooms | $705K | $708.7K | 0.5% |
| 5+ Bedrooms | $814K | $839K | +3.1% |
Summary: Lynden housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.2%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 3.1%.
Housing Supply in Lynden, WA
How many homes are available in Lynden, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 99 | 90 | -9.1% |
Summary: The Lynden real estate market had 90 homes for sale in March 2024, a 9.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 17 | 18 | +5.9% |
| 3 Bedrooms | 45 | 42 | -6.7% |
| 4 Bedrooms | 29 | 23 | -20.7% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Lynden 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 5.9%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 20.7%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 32 | 27 | -15.6% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lynden, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Lynden in March 2024, down by 15.6% month-over-month. Of the 27 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 83 Days | 57 Days | -30.8% |
Summary: Homes in Lynden had an average of 57 days on market in Mar 2024, down by 30.8% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 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 March 2024, 27 homes were sold in Lynden; 52% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 19% 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.