Whatcom County housing market prices climb again, here are updates and recent trends
Whatcom County and Washington state saw an increase in median home sales prices in August as the Evergreen State remains one of the most expensive states in the U.S. to buy a home in.
The area saw a hopeful decrease in the median home sale price in the end of July, as prices plummeted by $107,500 between July 18 to 25, down to $522,500 according to Redfin Metro Area Data.
Unfortunately for those looking to purchase a home, the median home sale price in Whatcom County only had a short-lived dip, as the median price increased to $589,500 on Aug. 15.
Rapid changes in the housing market are something Whatcom has seen a lot of this year, as Redfin data shows the median home sale prices have seen a low of $488,750 and a high price of $671,000 just within the first three months of 2022.
Whatcom County’s median home sale price increased by 5.7% between July 2021 and July 2022, and fewer homes were sold in July 2022 compared to July 2021, according to Redfin.
In the city of Bellingham, Zillow home values slightly decreased. The median Zillow home value in Bellingham was $734,143 in July, slightly dropping from $734,289 in June.
Washington state has seen an 11.5% increase in home prices between January and July of 2022, as July reached a median home value price of $609,400, according to Zillow.
Washington is also the third-most expensive state in which to purchase a home, following California with a median home value price of $783,100, and Hawaii at $721,600.
This story was originally published September 8, 2022 at 9:45 AM.
