Is Ellensburg, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Ellensburg has remained a Seller's Market.
Housing Prices in Ellensburg, WA
How much do homes in Ellensburg, WA cost?
Median Sold Price
$455,497
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Ellensburg was $455,497 in June 2024, down 4.6% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $230K | $273K | +18.7% |
2 Bedrooms | $330K | $350K | +6.1% |
3 Bedrooms | $460K | $467.5K | +1.6% |
4 Bedrooms | $562.4K | $450K | -20.0% |
5+ Bedrooms | $600K | $504.9K | -15.8% |
Summary: Ellensburg housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.7%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 15.8%.
Median Sold Price Compared To Nearby Cities
Manastash Ridge | $615K | $695.5K | +13.1% |
Northeast Kittitas | $590K | $600.4K | +1.8% |
Ellensburg | $477.5K | $455.4K | -4.6% |
Housing Supply in Ellensburg, WA
How many homes are available in Ellensburg, WA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
179 | 196 | +9.5% |
Summary: The Ellensburg real estate market had 196 homes for sale in June 2024, a 9.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 22 | 29 | +31.8% |
3 Bedrooms | 90 | 98 | +8.9% |
4 Bedrooms | 46 | 50 | +8.7% |
5+ Bedrooms | 18 | 15 | -16.7% |
Summary: The Ellensburg housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 31.8%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
26 | 53 | +103.8% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 53 homes were sold or pending in Ellensburg in June 2024, up by 103.8% month-over-month. Of the 53 sold homes, 34% were sold under asking, 53% were sold at asking, and 13% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
41 Days | 41 Days | 0.1% |
Summary: Homes in Ellensburg had an average of 41 days on market in Jun 2024, up by 0.1% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During June 2024, 53 homes were sold in Ellensburg; 58% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.