Is East Whatcom, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, East Whatcom was a Seller's Market.
Housing Prices in East Whatcom, WA
How much do homes in East Whatcom, WA cost?
Median Sold Price
$381,250
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in East Whatcom was $381,250 in May 2024, down 1% from last year, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $216K | $200K | -7.4% |
2 Bedrooms | $327.5K | $348K | +6.3% |
3 Bedrooms | $409.5K | $415K | +1.3% |
4 Bedrooms | $585.2K | $437K | -25.3% |
5+ Bedrooms | $473.7K | $935K | +97.4% |
Summary: East Whatcom housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.4%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 25.3%, and 5+ bedroom homes increased by 97.4%.
Median Sold Price Compared To Nearby Cities
Lyman-Hamilton | $530K | $600K | +13.2% |
East Skagit | $339.9K | $360K | +5.9% |
Maple Falls | $339.9K | $354K | +4.1% |
Deming | $510.6K | $520K | +1.8% |
East Whatcom | $385K | $381.2K | -1.0% |
Housing Supply in East Whatcom, WA
How many homes are available in East Whatcom, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
52 | 63 | +21.2% |
Summary: The East Whatcom real estate market had 63 homes for sale in May 2024, a 21.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 10 | +100.0% |
2 Bedrooms | 8 | 14 | +75.0% |
3 Bedrooms | 30 | 30 | 0.0% |
4 Bedrooms | 7 | 7 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The East Whatcom housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 75%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 9 | -35.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in East Whatcom in May 2024, down by 35.7% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
39 Days | 74 Days | +87.8% |
Summary: Homes in East Whatcom had an average of 74 days on market in May 2024, up by 87.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in East Whatcom; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.