Is Ellensburg, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Ellensburg has remained a Seller's Market.
Key Takeaway
Ellensburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ellensburg, WA
How much do homes in Ellensburg, WA cost?
Median Sold Price
$478,333
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Ellensburg have sold for 10% more than they did a year ago.
Summary: The median home sold price in Ellensburg was $478,333 in March 2024, up 10% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $305K | $329K | +7.9% |
| 2 Bedrooms | $316K | $349.5K | +10.6% |
| 3 Bedrooms | $431K | $475K | +10.2% |
| 4 Bedrooms | $571.9K | $499.9K | -12.6% |
| 5+ Bedrooms | $500K | $500K | 0.0% |
Summary: Ellensburg housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.9%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 10.2%, 4 bedroom homes decreased by 12.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Ellensburg | $435K | $478.3K | +10.0% |
| Northeast Kittitas | $559.5K | $600.4K | +7.3% |
| Manastash Ridge | $600K | $635K | +5.8% |
Housing Supply in Ellensburg, WA
How many homes are available in Ellensburg, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 101 | 119 | +17.8% |
Summary: The Ellensburg real estate market had 119 homes for sale in March 2024, a 17.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 8 | 13 | +62.5% |
| 3 Bedrooms | 41 | 53 | +29.3% |
| 4 Bedrooms | 34 | 36 | +5.9% |
| 5+ Bedrooms | 16 | 15 | -6.3% |
Summary: The Ellensburg housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 62.5%, 3 bedroom homes increased by 29.3%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 6.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 29 | 29 | 0.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
12 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. 41.4% of homes here sold near the asking price last month.
Summary: A total of 29 homes were sold or pending in Ellensburg in March 2024, the same as the previous month. Of the 29 sold homes, 38% were sold under asking, 41% were sold at asking, and 21% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 75 Days | 88 Days | +17.0% |
Summary: Homes in Ellensburg had an average of 88 days on market in Mar 2024, up by 17% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
10 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 March 2024, 29 homes were sold in Ellensburg; 41% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 34% 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.