Whatcom County home prices hit ‘all-time high’ in 2024, as amount of houses sold increased
Whatcom County’s real estate market “bounced back” in 2024, with an increase in home prices and the number of homes sold, according to a report from Peter Ahn, co-owner of The Muljat Group.
The median price of homes sold in 2024 was $635,000, an “all-time high” in Whatcom County and an increase of 7.8% compared to 2023. In 2023, Whatcom County’s median price of sold homes decreased by 1.8%.
“We had a bounce-back year of increased sales in 2024 for Whatcom County compared to the previous two years where sales decreased 10% in 2023 and 20% in 2022,” Ahn said.
According to Ahn’s report, the number of homes sold in 2024 hit 2,424, an increase of 3.2% compared to 2023. Whatcom County’s record amount of homes sold in a year was 3,268 in 2021.
Within Whatcom County, Bellingham had the highest median sale prices for homes compared to other cities.
“Bellingham continues to lead the county’s housing market. Its 2024 median sales price jumped 7.6% to $765,000, which is $130,000 more than the countywide median. Lynden, Ferndale and Birch Bay/Blaine also had median sales prices above $600,000 in 2024,” Ahn wrote.
Median home sale prices in Whatcom County cities:
- Bellingham: $765,000
- Birch Bay/Blaine: $618,500
- Ferndale: $635,000
- Lynden: $675,000
- Mount Baker: $382,500
- Nooksack Valley: $520,000
- Sudden Valley: $575,000
“Assuming mortgage rates stay relatively the same (around 6%), we anticipate the overall market will continue to recover in 2025 and have moderate increases in the form of total sales and average prices,” Ahn said.
Ahn creates regular reports on Whatcom County’s real estate market with data from Northwest Multiple Listing Service.
