How Increased Inventory Is Changing Whatcom County Real Estate in Late 2025
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The Whatcom County real estate market has entered a new phase, shifting toward balance after several years of low inventory and intense competition. The September 2025 NWMLS statistics show that homes across nearly every submarket now have significantly more active listings, softening price pressure and reshaping both buying and selling strategies in Bellingham and beyond.
More Homes on the Market Than Last Year
Across Whatcom County, active listings have climbed nearly 40% year-over-year, reaching 1,011 residential and condo listings. Detached residential listings alone are up almost 40%, now at 852 compared to 609 last year.
This supply expansion gives buyers choices not seen in years. In Bellingham (area 860), total active listings jumped over 53% to 282, representing one of the largest increases in the region. For residents who struggled to find inventory during the past few years, this increased selection allows for more deliberate decision-making and improved negotiating room.
Home Prices Are Leveling Off
While supply has expanded, prices have adjusted gently, not collapsed. Countywide median home prices for all properties now sit at $595,000, down just 2.6% from 2024. Detached homes average $604,000, down 4.4% year-over-year, showing mild normalization rather than decline.
In Bellingham proper, the median price remains strong at $670,000 for all property types and $739,000 for single-family homes. Areas like Ferndale ($592,495) and Lynden ($591,591) have seen modest price corrections of roughly 7–9%, while Blaine and Birch Bay average around $615,000, down about 5.5% compared to last year.
Condos across the county show a larger adjustment, with a 14% median price dip to $365,000, reflecting a return to sustainable valuations.
A More Balanced Market
The rise in listings has increased months of inventory to approximately 3.5–3.6 months countywide, a near-ideal level for balance between buyer and seller conditions. Bellingham, with roughly 2.5 months of inventory, still moves faster, while areas like Ferndale (4.3 months) and the Mount Baker region (4.4 months) show slower pacing and more buyer-friendly dynamics.
With more homes available and fewer bidding wars, buyers can take their time to make informed decisions. Meanwhile, sellers who adjust prices strategically and invest in curb appeal and professional presentation continue to see steady traffic and competitive offers.
What This Shift Means
For buyers, late 2025 brings welcome breathing room and better positioning for negotiation. Price growth has slowed, but demand for well-located, well-presented properties remains steady, especially in Bellingham, where lifestyle amenities still drive long-term interest.
For sellers, the expanded inventory means accurate pricing and effective marketing are crucial. Listings that come to market prepared, with staging, updates, and realistic pricing, continue to perform best—often within three to four weeks.
Looking Ahead
The broader Whatcom County market appears poised for stability into early 2026. Expect moderate seasonal slowing through winter, followed by a competitive but manageable spring if inventory remains above 35% year-over-year.
Overall, increased supply has created a healthier real estate landscape for everyone involved. Whether you’re buying, selling, or downsizing, understanding how these data-driven changes shape value and timing will be key to navigating Whatcom County real estate successfully in the months ahead.
If you’re preparing to make a move or want a neighborhood-specific market snapshot, reach out for a personalized breakdown of current data trends.
Andi Dyer, REALTOR®
RE/MAX Whatcom County
📞 Call: 360.734.6479
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AndiDyer.com/schedule
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