Market Intelligence Report — WA-260

Ellensburg, WA

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-WA-09
As of the latest 2026 data
Very Weak

Median Listing

$799K
+2.8% YoY

Pending Ratio

0.14
-7.8% YoY

Active Inventory

491
+34.2% YoY

Median DOM

93 Days
+13.5% YoY

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The Ellensburg market is currently very weak, characterized by a low pending ratio of 0.14. Active listings have expanded significantly, increasing by 34.2% year-over-year, indicating a substantial imbalance between supply and demand.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Ellensburg market right now.

Supply continues to outpace demand significantly. Active listings have grown by 34.2% year-over-year, alongside a 39.4% year-over-year increase in new listings. The pending ratio has declined by 7.8% year-over-year to 0.14, reflecting a persistent weakening in absorption. Median listing prices have shown modest year-over-year growth at 2.8%, despite a month-over-month contraction of 1.3%.

Historical Analysis

Market Trends

Median Price

$799K-1.3% MoM

Active Inventory

491+34.2% YoY

Days on Market

93+13.5% YoY

Sold Score™

14-7.8% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

14
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

Negotiating leverage is heavily influenced by the substantial inventory build-up and the slow pace of transactions, with a pending ratio of 0.14. The significant year-over-year increase in active listings suggests reduced inventory pressure for prospective purchasers, allowing for greater price discipline. The extended median days on market, now at 93, further contributes to this dynamic.

Luxury Segment

The average listing price of $1,062,555 has experienced a year-over-year decline of 1.9%, contrasting with a 2.8% year-over-year increase in the median listing price. This divergence, coupled with a median $/sqft increase of 5.0%, suggests some softening at higher price tiers, leading to a wider spread between average and median pricing dynamics.

Supply Dynamics

491 active listings represent the current floor, with new supply arriving at roughly 92 per month.

Pricing Pressure
19.9%

of active listings carry a price reduction, -1.5% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +5.0% year-over-year.

Absorption
0.14

Pending-to-active ratio — Very Weak.

Recommended For This Market

Very Weak

Selling in Ellensburg, WA? Homes here are taking 11 days longer to sell than last year.

Buyers have leverage in Ellensburg, WA. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
14%
Median Days on Market
93 days
Inventory YoY
+34%

In a buyer's market, strategy beats timing. See how your home scores in Ellensburg, WA and what moves the number.

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Metro Demographics

Metro Area
Ellensburg, WA
CBSA Code
21260
State
WA