Is Bellingham, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bellingham is a 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

+$6,542(+1.1%)

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

# BEDSApr 2023Apr 2024CHANGE
1 $310K$322.5K
+4.0%
2 $469.9K$453K
-3.6%
3 $645K$647.2K
0.3%
4 $862.5K$836.5K
-3.0%
5+ $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 2024Apr 2024CHANGE
288372+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

# BEDSMar 2024Apr 2024CHANGE
1 1517
+13.3%
2 7797
+26.0%
3 124157
+26.6%
4 5678
+39.3%
5+ 1623
+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 2024Apr 2024CHANGE
95111+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

Asking vs Sold - buyer

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 2023Apr 2024CHANGE
32 Days29 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

Breakdown of Home Sale Times

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.

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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