Business

These interactive maps show how Whatcom County’s median home value increased in 2 years

The housing market today continues to skyrocket, with many homeowners seeing a hefty profit on their homes and leaving those in search of affordable housing at a loss.

Throughout the United States, home values are increasing, and Washington state has one of the highest median home value changes between December 2020 and December 2021.

In Bellingham, the median home value has skyrocketed from $484,940 in January 2020 to $665,653 in December 2021, according to data from Zillow and Redfin.

But for Bellingham, this increase of home value is bringing less excitement for many, as home sales and numbers of new listings in the area have steadily declined.

Since August 2021, Whatcom County saw a steep decline in the number of new listings available in the market, dropping from 97 to only 30 listings in December 2021. January 2022 started with only 36 new listings, the fewest in over 10 years.

Bellingham’s number of home sales has also decreased, falling from higher numbers in July 2021 through December 2021.

This story was originally published February 14, 2022 at 1:11 PM.

Follow More of Our Reporting on Follow more of our reporting about home construction, prices and availability

Get unlimited digital access
#ReadLocal

Try 1 month for $1

CLAIM OFFER