Is it time to buy a home in Whatcom County? Check out recent changes in the housing market
Whatcom County saw a decrease in median home sale prices last month, although Washington state’s prices slightly increased in September as the Evergreen State remains one of the most expensive states in the U.S. to buy a home in.
The county’s median home sale price fluctuated throughout September, dropping from $583,000 on Sept. 12 down to $519,000 on Sept. 19, a $64,000 drop in only seven days, according to Redfin Metro Area Data.
In the city of Bellingham, Zillow home values slightly increased between July and August. The median Zillow home value in Bellingham was $734,371 in August, a small increase from $733,289 in July.
Whatcom County home prices were up 7% in August 2022 compared to August 2021. There were 37 fewer homes were sold in Whatcom County in August 2022 than August 2021, according to Redfin’s Whatcom County Housing Market Trends.
Changes in Washington’s housing market
Across Washington state, home prices have increased by 2.9% between February and August, as August reached a median home value price of $596,500, according to Zillow.
This increase is slight compared to the home price growth between January and July of 2022, where prices increased by 11.5%, according to previous reporting by McClatchy.
Washington is also the third-most expensive state in which to purchase a home, following California with a median home value price of $763,300, and Hawaii at $699,300.
