Market Intelligence Report — WA-380

Bellingham, WA

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-WA-08
As of the latest 2026 data
Cooling

Median Listing

$650K
-3.7% YoY

Pending Ratio

0.28
-5.3% YoY

Active Inventory

1,026
+7.1% YoY

Median DOM

52 Days
+2.0% YoY

Primary Intelligence Tool — Sold Score™

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The Bellingham housing market is experiencing a cooling trend, evidenced by a pending ratio of 0.28. This indicates that demand absorption is lagging supply, with fewer properties moving to pending status relative to the active inventory.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

Data not yet available.

Shows whether local employment conditions are supporting buyer demand.

Population & Migration

236,392+0.8% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

Data not yet available.

Shows whether future inventory pressure may increase.

Market Analysis

What's moving the Bellingham market right now.

Active listings have expanded by 7.1% year-over-year, reaching 1,026 properties, while new listings saw a modest 1.2% year-over-year increase. The median listing price has declined by 3.7% over the past year, reflecting broader market adjustments. The pending ratio has contracted by 5.3% year-over-year, underscoring a deceleration in demand momentum. Properties are spending marginally more time on the market, with median days on market up 2.0% year-over-year to 52 days.

Jen Glyzinski
Jen Glyzinski
Keller Williams Realty

Local pricing and inventory dynamics across Bellingham shift block by block — happy to walk through what's actually closing.

Historical Analysis

Market Trends

Median Price

$650K-2.5% MoM

Active Inventory

1,026+7.1% YoY

Days on Market

52+2.0% YoY

Sold Score™

40-5.3% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

40
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

Current market dynamics suggest a deceleration in the pace of sales. Elevated inventory levels, coupled with a pending ratio below 0.40, are reducing immediate pressure on demand and allowing for greater price discovery. Prospective purchasers may encounter opportunities for more deliberate evaluation and negotiation, as the market is less susceptible to rapid absorption of listings.

Luxury Segment

No distinct luxury-segment signal in this dataset.

Supply Dynamics

1,026 active listings represent the current floor, with new supply arriving at roughly 328 per month.

Pricing Pressure
18.6%

of active listings carry a price reduction, -1.3% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -0.3% year-over-year.

Absorption
0.28

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Bellingham, WA? Buyer Demand Index is running at 28%.

Buyers have leverage in Bellingham, WA. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
28%
Median Days on Market
52 days
Inventory YoY
+7%

In a buyer's market, strategy beats timing. See how your home scores in Bellingham, WA and what moves the number.

See my Sold Score & selling strategy

Talk to a listing expert who is actively selling in Bellingham, WA.

Jen Glyzinski

Keller Williams Realty

How these recommendations are chosen →

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Metro Demographics

Metro Area
Bellingham, WA
CBSA Code
13380
State
WA

ZIPs in Bellingham, WA

Sorted by active inventory · click a ZIP for its full report

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