Is Bellingham, WA 98225 a buyer’s or seller’s market?

The Bellingham housing market right now

In the three months ending August 31, 2026, 39% of homes in Bellingham, WA 98225 sold above their list price, the typical home went under contract in 18 days and there were 2.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 134 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 47%, homes sold more slowly (10 days then) and the median sale price fell 7% to $649,359. Overall, Bellingham is less competitive than a year ago, which gives buyers more room.

Within Whatcom County, homes here sell more slowly than in 53% of the county’s ZIP codes, and sell more often over asking than in 67%. On our competition score, Bellingham ranks #59 of 298 WA ZIP codes with enough sales (score 69 out of 100).

Nearby, buyers who want less competition could look at Rockport 98283 (0% sold over asking) or Lummi Island 98262 (0% sold over asking), while Acme 98220 (100% sold over asking) and Nooksack 98276 (57% sold over asking) are even more competitive.