98229 Housing Market Report January 2025•Whatcom County, Washington

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Housing Prices in 98229, WA

How much do homes in 98229, WA cost?

Housing Market Conditions

Is 98229, WA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

98229 is a Neutral Market

Difference Since January 2024

At the same time last year, 98229 was a Seller's Market.

Insight

98229 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$675,000$371/SqFt

Based on all homes sold in the last 12 months

Insight

The sold price of homes in 98229 has remained the same since last year.

Summary: The median home sold price in 98229 was $675,000 in January 2025, the same as last year, and the median price per square foot was $371.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
98232
+42.3%
98226
+6.8%
98225
+2.7%
98233
+1.4%
98229
0.0%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1$299.9K$315K
+5.0%
2$425K$400K
-5.9%
3$631.5K$697.4K
+10.4%
4$877K$845K
-3.6%
5$845K$990K
+17.2%

Summary: 98229 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +5.0%. The home price for 2 bedroom homes decreased by -5.9%. The home price for 3 bedroom homes increased by +10.4%. The home price for 4 bedroom homes decreased by -3.6%. The home price for 5 bedroom homes increased by +17.2%.

Housing supply in 98229, WA

How many homes are available in 98229, WA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
95Last MonthJan 2025
1002 months agoDec 2024
-5.0 %
Change MoMDec – Jan

Summary: The 98229 real estate market had 95 homes for sale in Jan 2025, a 5.0 % decrease compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
15Last MonthJan 2025
292 months agoDec 2024
-48.3 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
165
-16.7%
22630
+15.4%
34036
-10.0%
42520
-20.0%
534
+33.3%

Summary: 98229 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -16.7%. The inventory for 2 bedroom homes increased by +15.4%. The inventory for 3 bedroom homes decreased by -10.0%. The inventory for 4 bedroom homes decreased by -20.0%. The inventory for 5 bedroom homes increased by +33.3%.

Asking Price vs. Sold Price

How much do homes in 98229, WA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price4 Homes

At Asking Price4 Homes

Under Asking Price7 Homes

Insight

If you're buying a home in 98229, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in 98229 in January 2025, down by 48.3% month-over-month. Of the 15 sold homes, 47% were sold under asking, 27% were sold at asking, and and 27% were sold over asking.

Days on Market for 98229, WA

How long does it take to sell a home in 98229, WA?

Breakdown of Home Sale Times

Under 30 Days6 Homes

30 – 90 Days5 Homes

Over 90 Days4 Homes

Insight

Many homes in 98229 are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 15 homes were sold in 98229; 40% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
59 DaysThis YearJan 2025
77 Days1 year agoJan 2024
-23.6 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in 98229 had an average listing age of 59 days in Jan 2025, down by 23.6% compared to the previous year.

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Newest Listings in 98229, WA

What homes are available in 98229, WA?

New listings aren’t available for 98229, WA

Nearby markets

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