Home prices drop in Bellingham and Whatcom County as mortgage rates increase
Median home sale prices in Whatcom County and Bellingham declined in September. Here’s a breakdown. Whatcom County Whatcom County’s median home sale price across September was $582,000, a 1.2% decrease compared with August and a 1.7% decrease compared with the same month last year, according to Jason Lee, a local broker with Windermere Real Estate in Bellingham. The county’s median sale price in August was $589,000. Whatcom County’s median home sale price reached a peak of $662,000 in July 2024, the highest median price since 2012, according to Redfin Metro Area Data, a residential real estate brokerage that uses home listings to generate metro area data. “Rising mortgage rates were already a headwind for buyers and sellers this summer. Then rates got even worse in early fall when the 30-year fixed interest rate crossed over 7.25% in late September,” Lee told The Herald. Bellingham Bellingham’s median sale price was $683,000 in September, according to Lee. That’s a 1.9% decrease compared with August’s average and a 1.9% increase compared with September 2025, Lee said. In August, Bellingham’s median sale price was $695,000. “Mortgage rates and high inventory have been the two-headed monster so far in 2026 for both buyers and sellers,”
