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Market Intelligence · WA / Bellingham

Bellingham, WA 98229 Housing Market

The typical home in Bellingham's 98229 ZIP code is worth $687,720, up 0.3% over the past year as of September 2026. Sellers listed at a median price of $751,000, and homes spent a median of 43 days on the market. That points to a flat but steady market.

Updated September 2026Median value$688K

The median home value in Bellingham, WA 98229 is $688K as of September 2026, up 0.3% 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 98229 range

$633K to $743K

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

+0.3% over 12 months

Typical home value in 98229 over the last 12 months: $686K in Sep 2025 to $688K in Sep 2026 (+0.3%).

Sep 2025$686K

Sep 2026$688K

The numbers

What is the 98229 housing market like?

Typical home value

$688K

Up0.3%YoY

Median list price

$751K

Down0.9%MoM

Days on market

43

Up10.3%MoM

Homes for sale

118

Flat0.0%MoM

Price cuts

22.3%

Up29.1%MoM

New listings

36

Down30.8%MoM

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

The outlook

98229 housing market forecast 2027

+1.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 98229 to rise 1.0% by September 2027.

Over the 12 months through September 2026, typical home values in 98229 rose 0.3%, per the Zillow Home Value Index.

Will home prices drop in 98229?

Zillow's forecast does not call for a drop: it expects typical home values in 98229 to rise 1.0% by September 2027, after a 0.3% rise 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 98229 home prices compare?

  • 98229$687,720
  • 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

Values in 98229 have barely moved, with the typical home at $687,720 and growth of just 0.3% over the past year. As of September 2026 there were 118 homes for sale, with 36 new listings coming on the market that month. Buyers had some room to negotiate, since 22.3% of active listings carried a price cut. Even so, homes sold at a moderate pace, with a median of 43 days on market. For a seller, this is a market where pricing realistically from day one matters more than aiming high.

Monthly payment

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20% · $137,544

Common questions

What people ask us.

How much is a home in 98229 worth?

The typical home value in 98229 is $687,720 as of September 2026, up 0.3% over the past year.

How fast are homes selling in 98229?

Homes in 98229 spent a median of 43 days on the market as of September 2026. Sellers listed at a median price of $751,000.

Is 98229 a buyer's or seller's market?

With 118 homes for sale, 36 new listings, and 22.3% of listings showing a price cut as of September 2026, buyers have meaningful room to negotiate.

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