How competitive is the Bellingham housing market?

Bellingham is soft for sellers as of September 2026, with a Sold Score of 41/100 (Fair Chance of Selling). **Pending ratio** is 0.27 (contracts vs. active inventory) — anything above 0.40 is healthy demand, below 0.20 is slow. **Inventory change YoY** is +9.4% — more choices for buyers than a year ago. **Median days on market** is 57. Faster than 30 days means buyers are deciding quickly. **Price-reduction share** is 30.3% of active listings — above 25% signals sellers are widely overshooting list price. — Live indicators (September 2026): Sold Score: 41/100 (Fair Chance of Selling) · Pending ratio: 0.27 · Inventory YoY: +9.4% · Median days on market: 57 · Sellers cutting price: 30.3% · Median listing price: $645,000 (-4.2% YoY)