If you have been thinking about selling or buying homes for sale in Whatcom County, you will want to do a little homework before you start the process. The first thing you will need to do is find a qualified and professional Whatcom County realtor. Once you have found someone you trust to guide you through the process, you will want to find out what the current Whatcom County real estate statistics are. Now, it is important to know that each town and each neighborhood within that town has their own market report. So while Bellingham’s average sold price is around $400,000, that number may be different than Whatcom County real estate as a whole. Sellers can use the information to make sure they price their homes for sale in Whatcom County according to the current market values. If homes for sale in Whatcom County are overpriced, they can sit and lose crucial time on the market. As a buyer, you want to ensure that you are not over paying for homes for sale in Whatcom County while still creating a competitive offer that sellers consider enticing. Knowing the current market conditions is why the use of a Whatcom County realtor is so necessary. We use a tool that comes straight from the NWMLS that provides an accurate picture of what is currently happening. So how is Whatcom County real estate doing? Let’s take a look!
Both the median and average sold prices for homes for sale in Whatcom County real estate went up compared to last month as well as this time last year. The average sold price for homes for sale in Whatcom County increased by 10.3% compared to this time last year and is up $361,802. The median increased by 11.7% compared to this time last year at $335,000. The median days on market is still at 18 and the average is 56, which it has been for the past couple months. The median percentage of list price is up slightly at 99.7%, which is also the same as last month. This number is used as a tool to determine your negotiation power and means that most homes are getting very close to asking or not over in some scenarios.
As far as inventory goes, new listings are down slightly at 0.2%, pending Whatcom County real estate is up 4.2% and closed Whatcom County homes for sale is up 0.2%. The amount of general homes for sale is down by 9.7%. The price per square foot is up 10.5% at $221 which is up from last month as well. The month supply has decreased to 3.8 compared to last month’s 3.9. Anything less than 4 is considered a seller’s market while a market needs a 6 month supply in order to be balanced. If you are looking for stats specific to certain towns or neighborhoods within Whatcom County or a Whatcom County realtor, give me a call at 360-410-0848. My team and I would love to help!