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Market Intelligence · WA / Bellingham

Bellingham, WA 98226 Housing Market

The typical home in Bellingham's 98226 ZIP code is worth $640,182 as of September 2026, down 0.4% over the past year. Homes are listing at a median price of $607,000 and spending a median of 57 days on the market.

Updated September 2026Median value$640K

The median home value in Bellingham, WA 98226 is $640K as of September 2026, down 0.4% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 98226 range

$589K to $691K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-0.4% over 12 months

Typical home value in 98226 over the last 12 months: $643K in Sep 2025 to $640K in Sep 2026 (-0.4%).

Sep 2025$643K

Sep 2026$640K

The numbers

What is the 98226 housing market like?

Typical home value

$640K

Down0.4%YoY

Median list price

$607K

Down5.7%MoM

Days on market

57

Up23.9%MoM

Homes for sale

174

Down0.6%MoM

Price cuts

17.3%

Up2.5%MoM

New listings

48

Down20.0%MoM

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

The outlook

98226 housing market forecast 2027

+0.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 98226 to rise 0.8% by September 2027.

Over the 12 months through September 2026, typical home values in 98226 fell 0.4%, per the Zillow Home Value Index.

Will home prices drop in 98226?

Zillow's forecast does not call for a drop: it expects typical home values in 98226 to rise 0.8% by September 2027, after a 0.4% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 98226 home prices compare?

  • 98226$640,182
  • Bellingham$652,905
  • Washington$496,668
  • United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Bellingham: 3 ZIPs; Washington: 485 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, there are 174 homes for sale in 98226, with 48 new listings coming on during that period. The median list price sits at $607,000, and homes take a median of 57 days to sell. That pace suggests buyers have some room to be selective. Meanwhile, 17.3% of listings have taken a price cut, and the typical home value of $640,182 is down 0.4% over the past year. For sellers, the data points to a market that rewards realistic pricing from day one.

Monthly payment

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20% · $128,036

Common questions

What people ask us.

How much is a home in 98226 worth?

The typical home value in 98226 is $640,182 as of September 2026, down 0.4% over the past year.

How fast are homes selling in 98226?

Homes in 98226 spend a median of 57 days on the market as of September 2026.

How many homes are for sale in 98226?

There are 174 homes for sale in 98226 as of September 2026, with 48 new listings added during that period.

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