Aug 2026
$650K
+0.1% year-over-year
How it’s calculated
Rolling 3-month median sale price vs. same 3 months one year prior.
Bellingham, WA housing market
Bellingham, WA median sale price $650K in Aug 2026, up 0.1% year over year. Also days on market, price cuts, affordability and ZIP-code figures.
The median sale price in Bellingham, WA is $650K as of Aug 2026, up 0.1% from a year earlier. FHFA's repeat-sales index for the metro agrees within 0.4 points (up 0.5% through Q2 2026).
On median sale price, Bellingham ($650K) ranks 2nd of the five Washington metros Pecan Street tracks, between Seattle ($887K) and Olympia ($554K). On median days on market, Bellingham (57 days) ranks 3rd of the five Washington metros, between Kennewick (58 days) and Spokane (52 days). Bellingham has the lowest share of listings with a price cut of the five Washington metros (30%); Kennewick (37%) is next.
Listings spent a median 57 days on market in Sep 2026. 30% of active listings carry a price cut, 1.0 points more than a year earlier. That share is lower than in most of the 195 U.S. metros Pecan Street ranks on this measure. Median asking prices sit about 1% below the median sale price. Building permits authorized 62 new housing units in Aug 2026.
At the 7.45% 30-year fixed rate with 20% down, principal and interest on a median-priced home come to $3,618 a month; at 28% of gross income, that takes about $155K a year. The median sale price equals about 21 years of HUD Fair Market Rent, a ratio down 1.9% from a year earlier. That ratio is the 19th-highest of the 195 metros. Active listings ask a median $374 per square foot, down 0.9% from a year earlier.
In six of the nine ZIP codes in the table below, median list prices are lower than a year earlier; three are higher.
Headline
Oct 6, 2026
7.45%
30-year fixed
Where it comes from
National benchmark: Optimal Blue OBMMI 30-year conforming, via FRED. An average of rates borrowers have actually locked, updated daily.
The same rate appears on every market page.
Principal & interest
$3,618/mo
$155K/yr income needed
How it’s calculated
Payment — this market’s median sale price with 20% down, on a 30-year fixed loan at the rate shown. Principal and interest only — no property tax, insurance, PMI or HOA.
Income needed — that payment at 28% of gross income. A rule of thumb, not a lending decision.
How Bellingham compares to other U.S. metros
| Price-to-rent | ↑19th of 195 (top 10%) |
|---|---|
| Price cuts | ↓159th of 195 |
| Asking-vs-sale gap | ↓62nd of 86 |
| Home-price growth | ↓129th of 195 |
| Days on market | 102nd of 195 |
Rank across the U.S. metros Pecan Street tracks, on market data alone — a higher rank means more of that measure (more price cuts, faster price growth, a wider asking-vs-sale gap, a higher price-to-rent ratio, or more days on market). The bar shows where this metro sits within that metric’s own cohort (left is more, right is less); ↑ and ↓ mark the positions furthest from the middle, and rows are ordered the same way. Metrics without data for this metro are omitted.
Affordability
| Price-to-rent ratio | ≈ 21 -1.9% YoY ↑19th of 195 (top 10%) |
|---|---|
| Asking price / sq ft | $374 -0.9% YoY |
Price-to-rent divides the median sale price by the annual HUD Fair Market Rent (a 3-bedroom, 40th-percentile benchmark), so it is a directional rent-vs-buy read, not a cap rate; its year-over-year change is directional in the same way. Asking price per square foot is the median across active for-sale listings (Realtor.com), as of Sep 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market pressure
| Listings with a price cut | ≈ 30% +1.0 pts YoY ↓159th of 195 |
|---|---|
| New housing units permitted | 62 |
The median asking price $645K runs about 1% below the median sale price $650K.
Price-cut share is the portion of active for-sale listings that have taken a price reduction (Realtor.com), as of Sep 2026. New housing units authorized by residential building permits in the metro that month — new supply in the pipeline, which counts of existing listings don't capture (US Census Bureau, Building Permits Survey), as of Aug 2026. Asking is the median list price of active listings (Realtor.com, this month); sale is the headline median of recent closings (Redfin, a rolling 3-month median) — distinct sources and windows, so the gap is a directional read, not a like-for-like difference. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market facts
| ZIPs with listing data | 9 shown of 16 |
|---|---|
| MLS board of record | Northwest MLS (NWMLS) |
| Price methodology | Redfin vs FHFA HPI |
| Data as of | Aug 2026 |
Recent signals
No signals flagged for this market right now.
Recent notable readings
- Single-family building permits fell 19% over the 12 months through Aug 2026 (569 homes, against 704 the year before): the 19th-steepest drop of the 195 U.S. metros Pecan Street tracks.
Readings from the latest data that sit at one end of the U.S. metros Pecan Street tracks, from the nightly cross-metro comparison. They are not signal alerts.
Price reconciliation
normal · 0.4ppRedfin (city) +0.1% | FHFA HPI · Q2 2026 +0.5% |
Year-over-year home-price change from two independent methods — Redfin (monthly sold price) and FHFA (quarterly repeat-sales index). When they diverge, the market is mid-shift; cite the figure with that in mind.
Market dispatches
Citable market dispatches for Bellingham → Latest dispatch: Jul 10, 2026.
More markets in WA
Track Bellingham, WA with Pecan Street
The signals on this page are a snapshot of what we surface to agents every morning. Free trial, no credit card.
Start free trialZIP-level data
| ZIP | Median list price | Active listings | New listings | Price reductions | Days on market | Home value |
|---|---|---|---|---|---|---|
| 98225 | $635K↓ | 126↑ | 32↑ | 52↑ | 46↓ | $659K↓ |
| 98226 | $607K↓ | 174↓ | 48↑ | 46↑ | 57↓ | $646K↓ |
| 98229 | $751K↓ | 118↑ | 36↑ | 42↑ | 43↓ | $692K↑ |
| 98230 | $677K↑ | 188↑ | 40↓ | 52↑ | 67↓ | $534K↓ |
| 98244 | $479K↓ | 40↓ | 2↓ | 6↑ | 76↑ | $322K↑ |
| 98247 | $618K↑ | 40↑ | 16↑ | 12↓ | 42↓ | $607K↑ |
| 98248 | $682K↓ | 113↑ | 28↓ | 36↑ | 48↑ | $617K↑ |
| 98264 | $684K↓ | 93↑ | 28↑ | 32↑ | 74↑ | $620K↑ |
| 98281 | $512K↑ | 33↓ | 4↑ | 4 | 79↓ | $392K↑ |
ZIP figures from Realtor.com listing data; home value from Zillow ZHVI. ZIP codes shown have the most complete listing-data history and active for-sale inventory in this metro; the latest available month is shown per ZIP. Arrows show the direction of each figure against the same three months a year earlier; no arrow means the change rounds to zero or the comparison isn't available.