38Alpha

Bellingham, WA metro area Housing Market Brief

metro · WA · score computed October 2026

Buyer's

What is Bellingham, WA metro area’s Alpha Score?

The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.

Price Momentum20%
●39
Inventory Health25%
●65

Population band 4 of 5 (population 112,714–277,881) · comparable within its band

Affordability20%
●3
Economic Strength20%
+5.461
Rental Yield15%
●4

Where is Bellingham, WA metro area in its market cycle?

EmergingGrowingMaturePeakingDecliningRecovering

Bellingham, WA metro area is classified as Recovering — turning back up after a downturn. This is a classification of recent (1–12 month) momentum, not a price forecast.

What’s the forecast for Bellingham, WA metro area?

Metro-level forecasts are paused (since Oct 18, 2026). The new public-data model we built to replace them didn't pass our accuracy test, and we won't publish forecasts again until a model does.

Bellingham, WA metro area housing market data

MetricValueYoYSource
Median Sale Price$599K▼ -2.7%Redfin
Median Days on Market31 days▲ +6.9%Redfin
Months of Supply4.1▲ +32.3%Redfin
Homes for Sale941▲ +13.2%Redfin
Homes Sold227▼ -15.3%Redfin
Median Price / Sq Ft$357▼ -2.7%Redfin

How has Bellingham, WA metro area’s Alpha Score moved?

Now: 38
2-period trend
Median sale price · 12 mo

Markets like Bellingham, WA metro area

Frequently asked questions

Is Bellingham, WA metro area a buyer's or seller's market?

In the scores computed October 2026, Bellingham, WA metro area is classified as a Buyer's Market, based on its Alpha Score of 38 out of 100. The classification reflects current price, building, affordability, economic, and rental-yield conditions.

Are home prices rising or falling in Bellingham, WA metro area?

The median sale price in Bellingham, WA metro area is $599K, having fallen 2.7% over the past year, according to Redfin.

How affordable is Bellingham, WA metro area?

Bellingham, WA metro area scores 3 out of 100 on affordability — relatively unaffordable relative to local incomes and prevailing mortgage rates compared with other metros.

What's driving Bellingham, WA metro area's Alpha Score?

Bellingham, WA metro area's strongest dimension is Inventory Health (65/100) and its weakest is Affordability (3/100). The Alpha Score is a weighted blend of all five dimensions.

Want the live, interactive view of Bellingham, WA metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.