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Market Intelligence · WA / Whatcom County

Bellingham, WA home prices and housing market

3 ZIP markets liveData updated September 2026Typical value$653K1-yr changeDown0.6%

The typical home value in Bellingham, WA is $653K as of September 2026, down 0.6% from a year ago, based on the Zillow Home Value Index. In the typical Bellingham ZIP code, the median list price is $635K and homes spend a median of 46 days on market as of September 2026 (Realtor.com).

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The coverage

Bellingham, by the numbers.

Typical home valueZillow ZHVI, September 2026
$653K
1-yr changeMedian across Bellingham ZIPs
-0.6%
ZIP markets live5 tracked in Bellingham
3
County
Whatcom County

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12-month value trend

-0.6% over 12 months

Typical home value in Bellingham over the last 12 months: $657K in Sep 2025 to $653K in Sep 2026 (-0.6%).

Sep 2025$657K

Sep 2026$653K

Median Zillow home value index across Bellingham's ZIP codes.

Context

The typical home value in Bellingham is $652,905 as of September 2026, down 0.6% over the past year. That is a mild decline, not a sharp correction. There were 418 homes for sale and 116 new listings came on the market in September 2026, giving buyers a reasonable amount to choose from. The median list price sits at $634,975, and homes are taking a median of 46 days to sell. About 22.3% of listings have taken a price cut, which suggests some sellers are starting too high and adjusting. For a homeowner weighing a sale, the market looks steady but not forgiving of overpricing, so realistic pricing matters more than timing.

The numbers

What is the housing market like in Bellingham, WA?

Typical home value

$653K

Down0.6%YoY

Median list price

$635K

Days on market

46

Homes for sale

418

Price cuts

22.3%

New listings

116

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Bellingham's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Bellingham, WA home prices over time

Typical home values in Bellingham, WA are down 0.6% over the past year, from $657K in September 2025 to $653K in September 2026.

Typical home value in Bellingham, WA, September of each year
MonthTypical value1-yr change
September 2026$652,905-0.6%
September 2025$656,942No prior year

Typical value is the median Zillow Home Value Index across Bellingham ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Bellingham, WA a buyer's or seller's market?

Bellingham, WA leans toward a buyer's market.

Homes for sale are building up relative to new listings, which gives buyers more room to negotiate.

Based on a median of 46 days on market and 22% of listings with a price cut in the typical Bellingham ZIP code, and 116 new listings against 418 active listings across Bellingham, as of September 2026 (Realtor.com).

The outlook

Bellingham housing market forecast 2027

+0.8%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 3 Bellingham ZIP codes, points to typical home values rising 0.8% by September 2027.

Over the 12 months through September 2026, typical home values in Bellingham fell 0.6%, per the Zillow Home Value Index.

Will home prices drop in Bellingham?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Bellingham shows typical home values rising 0.8% by September 2027, after a 0.6% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 3 Bellingham ZIP codes have both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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Live markets

What ZIP codes are live in Bellingham?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier. We track 5 Bellingham ZIP codes in total; the remaining 2 publish as their data clears editorial QA.

Zillow ZHVI, September 2026

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Common questions

Questions about Bellingham, WA home prices.

How much is a home in Bellingham worth?

The typical home value in Bellingham is $652,905 as of September 2026, down 0.6% over the past year. The median list price is $634,975.

How long does it take to sell a home in Bellingham?

Homes in Bellingham are spending a median of 46 days on the market as of September 2026. About 22.3% of listings have had a price cut, so pricing accurately from the start can help avoid sitting longer.

How competitive is the Bellingham housing market?

There were 418 homes for sale and 116 new listings as of September 2026. Buyers have options, which means sellers face real competition.

Are home prices going up or down in Bellingham, WA?

Typical home values in Bellingham, WA are down 0.6% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Bellingham, WA a buyer's or seller's market?

Bellingham, WA leans toward a buyer's market. Homes for sale are building up relative to new listings, which gives buyers more room to negotiate. Based on a median of 46 days on market and 22% of listings with a price cut in the typical Bellingham ZIP code, and 116 new listings against 418 active listings across Bellingham, as of September 2026 (Realtor.com).

Nearby markets

More Washington housing markets.

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