Is Ellensburg, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Ellensburg was a Seller's Market.
Key Takeaway
Ellensburg is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Ellensburg, WA
How much do homes in Ellensburg, WA cost?
Median Sold Price
$457,250
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Ellensburg have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in Ellensburg was $457,250 in May 2024, down 1.4% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $305K | $273K | -10.5% |
| 2 Bedrooms | $330K | $350K | +6.1% |
| 3 Bedrooms | $449K | $464.7K | +3.5% |
| 4 Bedrooms | $560K | $459.3K | -18.0% |
| 5+ Bedrooms | $550K | $509.9K | -7.3% |
Summary: Ellensburg housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.5%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 18%, and 5+ bedroom homes decreased by 7.3%.
Median Sold Price Compared To Nearby Cities
| Manastash Ridge | $575K | $710K | +23.5% |
| Northeast Kittitas | $585K | $624.9K | +6.8% |
| Ellensburg | $463.9K | $457.2K | -1.4% |
Housing Supply in Ellensburg, WA
How many homes are available in Ellensburg, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 147 | 171 | +16.3% |
Summary: The Ellensburg real estate market had 171 homes for sale in May 2024, a 16.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 15 | 21 | +40.0% |
| 3 Bedrooms | 69 | 88 | +27.5% |
| 4 Bedrooms | 42 | 41 | -2.4% |
| 5+ Bedrooms | 18 | 18 | 0.0% |
Summary: The Ellensburg housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 27.5%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 26 | -23.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ellensburg, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 26 homes were sold or pending in Ellensburg in May 2024, down by 23.5% month-over-month. Of the 26 sold homes, 27% were sold under asking, 50% were sold at asking, and 23% were sold over asking.
Days on Market for Ellensburg, WA
How long does it take to sell a home in Ellensburg, WA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 53 Days | 37 Days | -31.0% |
Summary: Homes in Ellensburg had an average of 37 days on market in May 2024, down by 31% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ellensburg are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 26 homes were sold in Ellensburg; 77% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.