The latest numbers are in from the Northwest Multiple Listing Service (NWMLS), and the July 2025 housing market in Bellingham and Whatcom County shows a mix of steady buyer activity, more homes on the market, and stable mortgage rates — all combining to create opportunities for both buyers and sellers.
Whatcom County Snapshot – July 2025
- Active Listings: 1,046 — up 39% from 752 in July 2024
- New Listings: 495 — up from 441 a year ago
- Closed Sales: 307 — up from 267 in July 2024
- Months of Inventory: 3.4 months — up from 2.8 months last year
- Median Sales Price: $622,600 — slightly down from $630,000 in July 2024
- 30-Year Fixed Mortgage Rate: 6.72% — virtually unchanged from the average over the past year
More Homes Available, Steady Buyer Interest
Inventory continues to grow in Whatcom County, with nearly 300 more homes for sale this July compared to last year. This 39% jump in available listings is giving buyers more options and more breathing room when searching for the right property.
At the same time, closed sales also rose by about 15% year-over-year, signaling that even with more choices, well-priced homes are still moving — especially in sought-after neighborhoods like Bellingham, Ferndale, Lynden, and Blaine.
Prices Hold Steady Despite More Inventory
The median sales price in Whatcom County dipped slightly — down about 1% from July 2024 — but remains above the $620,000 mark. For sellers, this means values are holding strong even as the number of listings grows.
For buyers, the combination of increased inventory and stable mortgage rates may create an opportunity to negotiate on price or terms, especially if a home has been on the market longer.
Mortgage Rates Remain Steady
At 6.72%, the average 30-year fixed mortgage rate in late July 2025 was almost identical to the rate a year ago. While rates remain higher than in the historically low periods of 2020–2021, the stability over the past 12 months has helped keep the market from experiencing large swings in buyer activity.
What This Means for Buyers and Sellers in Bellingham & Whatcom County
For Buyers:
More inventory means more choice — and possibly more negotiating power. With stable rates, it may be a good time to find a property without feeling rushed.
For Sellers:
Even with more competition, homes are still selling, and median prices are holding strong. Strategic pricing and presentation remain key to standing out.
Ready to Take the Next Step?
Whether you’re buying or selling, The Johnson Team Real Estate at The Muljat Group is here to help you navigate the Bellingham and Whatcom County market with confidence.
📞 Call us: 360-303-2734
📧 Email: info@johnsonteamrealestate.com