What’s the Real Estate Market Like in Bellingham for Estate and Probate Sales?

May 6

The Bellingham Real Estate Market in 2025: What Estate Sellers Need to Know

Whether you're an Executor, Trustee, or Administrator, one of the first things you’ll want to understand when preparing to sell an estate home is this:
“What’s the market like right now in Bellingham?”

It’s a smart question—and one that can dramatically affect your sale strategy.

Let’s take a look at current conditions and what they mean for you.

Bellingham Real Estate in 2025: Defined by Scarcity

Over the past decade, the #1 word shaping Bellingham’s housing market has been: scarcity.

Even now—with a population approaching 100,000—there are typically fewer than 200 total listings (including single-family homes and condos) on the market at any given time.

This low inventory continues to drive demand. But that demand isn’t without nuance…

A Cooling Trend Is Emerging

As of early 2025, we’re seeing some softening in buyer sentiment, driven by:

Political and economic uncertainty
A significant drop in Canadian traffic into Whatcom County
Stock market volatility

These factors aren’t stopping sales, but they are affecting how quickly and for how much homes are selling.

Woodcut depicting ladders and workers tending to and maintaining a home

Recent Market Stats (as of Q1 2025)

Here’s a snapshot of the data:

Median Home Price: $712,000
(Up from $505K in Q1 of 2020)
Median Days on Market (DOM): 15 days
Average Days on Market: 36 days
Price Adjustments: Sellers are typically doing a ~2% drop from the original list price
Final Sale Price: On average, homes are selling for 0.5% over their adjusted list price

Even with recent slowdowns, Bellingham is still a Seller’s Market, defined as less than 6 months of inventory.

Bottom line? If your home is priced right for its condition, it will sell.

What This Means for Estate Properties

Probate and trust homes don’t have to be turnkey to attract buyers. In fact, “as-is” listings—if priced appropriately—can be highly appealing to buyers looking for value.

What matters most is:

Accurate pricing based on comparable nearby sales
Clean presentation, clear disclosures, and easy touring
Strategic preparation that matches buyer expectations

And that’s where I come in—to help you evaluate, prep, price, and present the home effectively, no matter what the market is doing.

Want the Latest Market Data for Your Specific Neighborhood?

Reach out anytime. I can provide a custom Comparative Market Analysis (CMA) that reflects current conditions in your area—and your home’s unique condition and potential.