Lummi Island Housing Market Report
Track the Lummi Island housing market with current home prices, closed sales, days on market and 12-month trends based on Northwest Multiple Listing Service® data.
A Closer Look at Lummi Island
Explore recent trends in Lummi Island home prices, available inventory and housing supply to see how the local real estate market is changing.
Lummi Island Median Sales Price
See how the monthly median sales price of homes in Lummi Island, WA has changed over the past 12 months.
Homes for Sale on Lummi Island
Follow monthly changes in the number of homes for sale on Lummi Island over the past 12 months to see how local housing inventory is changing.
Lummi Island Months Supply
See how months supply on Lummi Island has changed month by month over the past 12 months. Months supply relates available inventory to the current pace of closed home sales.
WHAT'S HAPPENING
ON LUMMI ISLAND?
No single statistic tells the full story of the Lummi Island housing market. Sold prices show what buyers have recently paid, inventory measures the number of homes available, and months of supply compares that inventory with the pace of closed sales. Looking at these measures together provides a more useful view of current market conditions.
What Homes Are Selling For
Median sold price identifies the midpoint of Lummi Island home sales for the reporting period, while average sold price reflects the combined mix of properties that closed. Reviewing both helps put monthly price movement into perspective.
How Much Is Available
Homes for sale measures the inventory available to buyers. Changes in inventory can affect buyer choice, competition between listings and the amount of negotiating room within different segments of the Lummi Island market.
Supply Compared With Sales
Months of supply compares available housing inventory with the current pace of closed sales. Tracking this measure over time helps show whether the relationship between supply and buyer demand is tightening, loosening or remaining relatively stable.
Lummi Island market statistics can include a relatively small number of sales compared with larger Whatcom County communities. Because of that, changes in the mix of homes sold from one reporting period to another can have a noticeable effect on median and average prices. Property condition, lot size, location and price range can also experience different levels of inventory, competition and market time. These statistics are useful for understanding the broader Lummi Island housing market, but they should not be used by themselves to determine the value or expected selling time of a specific property.
HOW TO READ
THIS REPORT.
This Lummi Island housing market report combines current sales activity with longer-term market trends to help buyers, sellers, and homeowners understand pricing, inventory, market pace, and housing supply on Lummi Island.
Median Sold Price
Median sold price represents the midpoint of reported Lummi Island home sales, with half of sales above the median and half below.
Homes for Sale
Homes for sale measures the number of properties available to buyers and helps show how the amount of available inventory changes over time.
Months of Supply
Months of supply compares available inventory with the pace of closed sales and provides context for the balance between housing supply and demand.
Days on Market
Days on market helps show how long homes are taking to sell and provides another measure of the pace of activity in the Lummi Island housing market.
Northwest Multiple
Listing Service®
Market statistics and trend data presented in this Lummi Island housing market report are based on sales information reported by Northwest Multiple Listing Service® (NWMLS) and displayed through InfoSparks .
Lummi Island statistics are based on the MLS geographic search criteria used for this report. New monthly data is incorporated into this report as it becomes available through NWMLS and InfoSparks. Underlying MLS information may be updated as changes are made to reported listing and sales data, so current and historical figures may change over time.
Market information is provided for general informational purposes only. Statistics may vary by property type, location, price range, time period, and search criteria and should not be considered an appraisal, property valuation, or guarantee of future market conditions.
Looking Beyond Lummi Island?
Explore housing market reports for cities and communities throughout Whatcom County.
WHAT DOES THE MARKET
MEAN FOR YOU?
Market statistics tell part of the story. Whether you're considering selling your Lummi Island home or looking for your next property, explore the market with current local data and real-time MLS listings.