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Welcome to the latest real estate snapshot for Bellingham, Washington! Whether you’re thinking of buying, selling, or simply curious about local trends, there’s plenty going on in our market right now. I’m Vanessa Parry with Bellwether Real Estate, and here’s what you need to know.
Current Market Trends
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Home Prices & Stability
Homes in Bellingham are currently selling for a median price between $650,000–$700,000, depending on neighborhood and home type. August 2025 residential (doesn’t include condos) median home price was $717,500. While some data sources show modest year-over-year increases, others suggest prices are relatively stable or dipping slightly in certain segments. -
Time on Market
Homes are spending a bit more time on the market compared with last year. For many properties, it’s now taking ~ 19 days from listing to sale. Median in Bellingham as of August was 11. It’s still a fairly active market, but buyers have a little more breathing room. -
Inventory & Supply
Inventory has increased compared to previous years — more active listings, more choices. This has shifted some of the power toward buyers, particularly in neighborhoods or price ranges where supply has been lagging.
What This Means Depending on Your Role
| If You’re Buying | If You’re Selling |
|---|---|
| You may have more options and a little more negotiating leverage than in past years. But don’t wait too long—good properties still move quickly. | With increased inventory, the homes that stand out (well priced, well staged, in desirable areas) will still attract strong offers. Presentation matters more than ever. |
| Get pre-approved before you start looking so you can act fast when you find “the one.” | Consider timing: spring & early summer remain hot, but fall may bring buyers who are more motivated and less distracted. |
| Look at neighborhoods you might’ve overlooked; a slightly higher price per square foot might buy you a better location. | Be realistic about pricing, and be open to some negotiation—buyers are watching comparables and looking for value. |
