Is Bellingham, MN 56212 a buyer’s or seller’s market?
Bellingham is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Bellingham housing market right now
In the three months ending August 31, 2026, 0% of homes in Bellingham, MN 56212 sold above their list price, the typical home went under contract in 200 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (84 days then) and the median sale price rose 13% to $142,438. Overall, Bellingham is less competitive than a year ago, which gives buyers more room.
Nearby, Boyd 56218 (50% sold over asking) is even more competitive.
Run the numbers for 56212
Nearby markets
Boyd 56218Seller’s market $97 /sq ftDawson 56232Buyer’s market $92 /sq ftMadison 56256Buyer’s market $119 /sq ft Browse all markets →Where Bellingham is
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Questions about Bellingham real estate
Is Bellingham a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Bellingham, MN 56212 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Bellingham?
The typical home went under contract in 200 days in the latest three months.
Do homes in Bellingham sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 86.9% of the list price.
What are property taxes in Bellingham?
About 0.90% of a home’s value a year in Lac qui Parle County, or roughly $3,600 on a $400,000 home.
What is the median home price in Bellingham?
The median sale price was $142,438 in the three months ending August 31, 2026, about $72 per square foot.
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More tools for 56212
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology