$800,000
7.08 Acres
Land
Sean Ryan, Listing Office: NextHome Northwest Living
Is Bellingham, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$652,805
$399/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,213(+5.7%)
Key Takeaway
Homes in Bellingham have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Bellingham was $652,805 in November 2024, up 5.7% from last year, and the median price per square foot was $399.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $318K | $325K | +2.2% |
| 2 Bedrooms | $469.9K | $465K | -1.0% |
| 3 Bedrooms | $624.8K | $685K | +9.6% |
| 4 Bedrooms | $850K | $851.6K | 0.2% |
| 5+ Bedrooms | $825K | $1.0M | +30.3% |
Summary: Bellingham housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.2%, 2 bedroom homes decreased by 1%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 30.3%.
Housing Supply in Bellingham, WA
How many homes are available in Bellingham, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 451 | 439 | -2.7% |
Summary: The Bellingham real estate market had 439 homes for sale in November 2024, a 2.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 50 | 53 | +6.0% |
| 2 Bedrooms | 106 | 117 | +10.4% |
| 3 Bedrooms | 183 | 166 | -9.3% |
| 4 Bedrooms | 89 | 81 | -9.0% |
| 5+ Bedrooms | 23 | 22 | -4.3% |
Summary: The Bellingham housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6%, 2 bedroom homes increased by 10.4%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes decreased by 9%, and 5+ bedroom homes decreased by 4.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 110 | 81 | -26.4% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bellingham, you may be able to get a good deal. 49.4% of homes here sold below asking price last month.
Summary: A total of 81 homes were sold or pending in Bellingham in November 2024, down by 26.4% month-over-month. Of the 81 sold homes, 49% were sold under asking, 25% were sold at asking, and 26% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 35 Days | +28.4% |
Summary: Homes in Bellingham had an average of 35 days on market in Nov 2024, up by 28.4% compared to last year.
Breakdown of Home Sale Times
51 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
9 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 November 2024, 81 homes were sold in Bellingham; 63% of homes were sold within 30 days, 26% 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.