Is Lummi Island, WA 98262 a buyer’s or seller’s market?
Lummi Island is a balanced market. With about 5 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Lummi Island housing market right now
In the three months ending August 31, 2026, 0% of homes in Lummi Island, WA 98262 sold above their list price, the typical home went under contract in 14 days and there were 5 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 7 sales, 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 faster (32 days then) and the median sale price held steady to $424,816. Overall, Lummi Island is more competitive than a year ago, so tougher for buyers.
Within Whatcom County, homes here sell faster than in 67% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Acme 98220 (100% sold over asking) and Nooksack 98276 (57% sold over asking) are even more competitive.
Run the numbers for 98262
Nearby markets
Acme 98220 $219 /sq ftBellingham 98225Seller’s market $458 /sq ftBellingham 98226Seller’s market $376 /sq ftBellingham 98229Seller’s market $390 /sq ft Browse all markets →Where Lummi Island is
Loading map…
Questions about Lummi Island real estate
Is Lummi Island a buyer’s or seller’s market?
A balanced market: there were 5 months of supply in Lummi Island, WA 98262 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 Lummi Island?
The typical home went under contract in 14 days in the latest three months.
Do homes in Lummi Island sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.8% of the list price.
What are property taxes in Lummi Island?
About 0.70% of a home’s value a year in Whatcom County, or roughly $2,800 on a $400,000 home.
What is the median home price in Lummi Island?
The median sale price was $424,816 in the three months ending August 31, 2026, about $492 per square foot.
Local agents
See all agents in 98262 →No sponsored agents in 98262 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 98262
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology