Whatcom County’s housing costs extremely change in January. See how other counties compare
Median home sale prices in Whatcom County and Bellingham were down slightly in January 2023, while Washington state remains the third-most expensive state in which to buy a home.
Whatcom County’s median home sale price fluctuated wildly throughout January, with median home sale prices changing by almost $150,000 in a two-week span.
December’s median home sale price was $544,950 on Dec. 19 and skyrocketed to $682,000 in just two weeks on Jan. 2, according to Redfin Metro Area Data. Redfin, a residential real estate brokerage uses home listings to generate metro area data.
Whatcom’s median home sale prices dropped back down in January to $515,000 on Jan. 23., a $167,000 drop in three weeks.
Whatcom County home prices were up 6.2% in December 2022 compared to December 2021. There were 313 fewer homes sold in December 2022 than December 2021, and on average homes in the county are on the market for 33 days before being sold, compared to 11 days last year, according to Redfin’s Whatcom County Housing Market Trends.
Compared to other counties in Washington state, Whatcom County has an moderate median home sale price, according to February 2023 data from Redfin.
As Whatcom County’s median home sale price was $515,000, San Juan County had the highest median home sale price of $1,910,000, and Lincoln County had the lowest of $175,000.
Bellingham’s housing market
In Bellingham, Zillow home values slightly decreased throughout the beginning of 2023. The median Zillow home value in Bellingham was $636,922 in January, a small decrease from $642,069 in December. Zillow is a real estate company that collects data on real estate, apartments and home values.
Bellingham’s residential median home sales price, excluding Sudden Valley was $677,500 in February 2023 according to Keith Ferris and Miranda Lock, Bellingham real estate agents. This median home sale price is a 4.7% increase compared to January and a 6.3% increase compared to February 2022.
Washington’s housing market
Across Washington state, home prices have decreased by 12.8% between June and December, as December reached a median home value price of $552,200, according to RedFin.
Washington is the third-most expensive state in which to purchase a home according to January 2023 data, following California with a median home value price of $706,600, and Hawaii at $695,200.
