Is Ellensburg, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$471,408
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Ellensburg was $471,408 in April 2024, up 5.9% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $305K | $273K | -10.5% |
2 Bedrooms | $322K | $350K | +8.7% |
3 Bedrooms | $437.5K | $470K | +7.4% |
4 Bedrooms | $560K | $494.9K | -11.6% |
5+ Bedrooms | $500K | $509.9K | +2.0% |
Summary: Ellensburg housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.5%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 11.6%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Cities
Manastash Ridge | $587.5K | $698.4K | +18.9% |
Northeast Kittitas | $565K | $614.4K | +8.7% |
Ellensburg | $445K | $471.4K | +5.9% |
Housing Supply in Ellensburg, WA
How many homes are available in Ellensburg, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
118 | 142 | +20.3% |
Summary: The Ellensburg real estate market had 142 homes for sale in April 2024, a 20.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 13 | 14 | +7.7% |
3 Bedrooms | 51 | 67 | +31.4% |
4 Bedrooms | 37 | 40 | +8.1% |
5+ Bedrooms | 15 | 18 | +20.0% |
Summary: The Ellensburg housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 31.4%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 33 | +13.8% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in Ellensburg in April 2024, up by 13.8% month-over-month. Of the 33 sold homes, 36% were sold under asking, 52% were sold at asking, and 12% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 48 Days | +64.2% |
Summary: Homes in Ellensburg had an average of 48 days on market in Apr 2024, up by 64.2% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 33 homes were sold in Ellensburg; 70% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.