See how Whatcom County’s housing market is reaching new highs in sales and values
Whatcom County real estate is reaching new heights as home sale prices and home values continue to go up.
Whatcom County’s median home sale price continues to climb according to Redfin Metro Area Data, reaching $645,475 in March, the highest price in the past five years.
According to Redfin’s Whatcom County housing market insights, Whatcom County’s median home sale price was only $565,500 in February, $79,975 less than Whatcom County’s March 2022 average.
In Bellingham, home values have also been increasing steadily since January 2020. Redfin data found the average home value in Bellingham was $694,572 in February 2022, a steep jump from January 2020 when home value averages were $468,701.
Although home sale prices and home values are increasing, the number of home sales are quite the opposite. Throughout the 98225, 98226, and 98229 zip codes in Bellingham, Redfin found that the number of home sales has been decreasing.
According to Redfin, the number of homes sold compared to last year has dropped by almost 20% in Whatcom County. In February 2021, 237 homes were sold in Whatcom County, but in February 2022 there were 190.
But these are not the only changes Whatcom County’s housing market is seeing. Redfin also found that the number of days a home stays on the market has increased compared to 2021, as homes on the market in Whatcom County currently sell in eight days, instead of six in 2021.
Washington state as a whole has also seen a rise in home sale prices, and has become one of the most expensive states to buy a home in, Redfin data found.
This story was originally published April 11, 2022 at 5:00 AM.
