Is Bellingham, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$629,556
$375/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bellingham have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Bellingham was $629,556 in April 2024, up 1.1% from last year, and the median price per square foot was $375.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | $322.5K | +4.0% |
| 2 Bedrooms | $469.9K | $453K | -3.6% |
| 3 Bedrooms | $645K | $647.2K | 0.3% |
| 4 Bedrooms | $862.5K | $836.5K | -3.0% |
| 5+ Bedrooms | $965K | $911.5K | -5.5% |
Summary: Bellingham housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 0.3%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 5.5%.
Housing Supply in Bellingham, WA
How many homes are available in Bellingham, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 288 | 372 | +29.2% |
Summary: The Bellingham real estate market had 372 homes for sale in April 2024, a 29.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 17 | +13.3% |
| 2 Bedrooms | 77 | 97 | +26.0% |
| 3 Bedrooms | 124 | 157 | +26.6% |
| 4 Bedrooms | 56 | 78 | +39.3% |
| 5+ Bedrooms | 16 | 23 | +43.8% |
Summary: The Bellingham housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 26%, 3 bedroom homes increased by 26.6%, 4 bedroom homes increased by 39.3%, and 5+ bedroom homes increased by 43.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 95 | 111 | +16.8% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
47 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bellingham, you could pay more than the asking price. 42.3% of homes here sold above asking price last month.
Summary: A total of 111 homes were sold or pending in Bellingham in April 2024, up by 16.8% month-over-month. Of the 111 sold homes, 29% were sold under asking, 29% were sold at asking, and 42% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 32 Days | 29 Days | -7.4% |
Summary: Homes in Bellingham had an average of 29 days on market in Apr 2024, down by 7.4% compared to last year.
Breakdown of Home Sale Times
87 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
12 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 April 2024, 111 homes were sold in Bellingham; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% 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.