February 2026 Housing Market Update: Inventory Tightens Further as Buyers Prepare for Spring
As February unfolds, the Bellingham and Whatcom County housing markets are showing clear signs of seasonal transition. Inventory has tightened even further, prices remain resilient, and homes are taking longer to sell, all signals of a market that is quiet on the surface but building momentum underneath.
This pattern is typical for late winter, yet the scale of inventory reduction this year suggests that the upcoming spring market could be competitive, particularly in well-priced, move-in-ready segments.
Below is a snapshot of where the market stands now — and what these trends may mean as we head toward spring.
Bellingham Housing Market – February 2026
Median Home Price: $726,813
Active Listings: 113
Average Days on Market: 49
Bellingham’s median home price dipped slightly from January’s $750,000 to $726,813, reflecting normal winter pricing adjustments rather than a broader market shift. What stands out more is inventory: just 113 active listings, one of the tightest supply levels seen in recent months.
Homes are taking longer to sell, with the average days on market increasing to 49 days. Buyers are active, but they’re cautious — carefully evaluating pricing, condition, and long-term value. This slower pace doesn’t indicate weak demand; rather, it shows buyers being more selective in a low-inventory environment.
What this means in Bellingham
Limited inventory is the dominant factor shaping the market right now.
Pricing remains strong despite longer selling timelines.
Homes that are priced well and show well continue to attract attention — even in winter.
Whatcom County Market – February 2026
Median Home Price: $625,000
Active Listings: 470
Average Days on Market: 57
Countywide trends mirror Bellingham’s, but with slightly more flexibility for buyers. The median home price sits at $625,000, essentially flat from January, another indicator of overall price stability.
With 470 active listings and an average of 57 days on market, buyers across Whatcom County are taking their time. Rural and suburban areas are seeing steady interest, especially for properties offering space, privacy, or newer construction, while homes that need updates are seeing longer market times.
Countywide takeaways
Prices are holding steady even as homes take longer to sell.
Buyers have more negotiating power than in peak years — but only on homes that are overpriced or need work.
Well-maintained homes in desirable locations continue to move faster than the average.
What This Means for Buyers and Sellers Right Now
For Buyers
Late winter remains one of the best windows to buy. With less competition and motivated sellers, buyers may find opportunities to negotiate price, repairs, or closing costs.
That said, inventory is extremely limited, especially in Bellingham, so preparation is key. Being pre-approved and ready to act quickly when the right home appears will be critical as spring demand builds.
For Sellers
Low inventory works in your favor, but patience is still required. Buyers are selective and price-sensitive, and homes that miss the mark on pricing or presentation may sit longer.
Sellers who price accurately from the start and invest in strong marketing are still seeing solid results, and listing ahead of the spring rush can help your home stand out before competition increases.
Looking Ahead: What to Expect as Spring 2026 Approaches
The February numbers point to a spring market that could shift quickly:
Inventory is already tight, which may lead to increased competition as buyer activity picks up.
Days on market may shorten once spring listings and buyers return.
Price movement is likely to be selective, favoring turnkey homes in popular neighborhoods.
Interest rate changes will continue to influence buyer confidence and urgency.
Rather than a dramatic market swing, 2026 is shaping up to be a year of measured activity, thoughtful negotiation, and localized trends — where knowing your neighborhood matters more than ever.
Final Thoughts
February 2026 highlights a market that is calm but constrained. Prices remain steady, inventory is at seasonal lows, and buyers are preparing for what could be a competitive spring. Whether you’re planning to buy or sell in the coming months, understanding these dynamics, and timing your move accordingly, can make all the difference.