Bellingham, WA metro area Housing Market
Warm MarketComprehensive housing market data for the Bellingham, WA metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$659K
↑ 7.1% YoY
Days on Market
31 days
↑ 47.6% YoY
Active Inventory
577
↑ 8.7% YoY
Homes Sold
180
↓ 8.2% YoY
Warm Market
The market is active with moderate buyer demand.
Bellingham, WA metro area Market Summary
The Bellingham, WA metro area housing market is heating up. As of March 2026, the median home sale price is $659K, up 7.1% year-over-year. Homes are spending a median of 31 days on the market, 47.6% longer than a year ago.
There are 577 homes for sale — 8.7% more than last year. With 3.2 months of supply, this is a seller's market. 343 new listings were added during this period, up 3.3% year-over-year.
Homes are selling for 99.4% of their list price on average, suggesting room for negotiation. 45.0% of homes sell above their asking price. 22.4% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
57
Contributing Factors
How This Market Compares
vs. National Median
vs. Washington Median
Investor Takeaway
A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 51% above the national median. Focus on rent-to-price ratios to ensure deals still cash flow.
Bellingham, WA metro area Market Trends
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Detailed Market Metrics
Median List Price
$649K
Price per Sq Ft
$379
Sale-to-List Ratio
99.4%
Months of Supply
3.2
Sold Above List
45.0%
Price Drops
22.4%
New Listings
343
↑ 3.3% YoY
Pending Sales
274
Off Market in 2 Weeks
52.2%
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.