Market Intelligence Report — WA-260

Ellensburg, WA

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

Ref. No: 2026-WA-08
As of the latest 2026 data
Very Weak

Median Listing

$810K
+2.2% YoY

Pending Ratio

0.18
-2.4% YoY

Active Inventory

492
+14.9% YoY

Median DOM

82 Days
+11.6% YoY

Primary Intelligence Tool — Sold Score™

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The Ellensburg, WA housing market is currently Very Weak, primarily due to a pending ratio of 0.18, indicating significantly low demand absorption relative to available inventory. Active listings have expanded by 14.9% year-over-year, further contributing to supply pressure.

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.

Active listings have experienced a substantial 14.9% increase year-over-year, while new listings saw a decline of 7.7% over the same period. The median listing price registered a modest 2.2% increase year-over-year, despite the market exhibiting a pending ratio of 0.18, reflecting a significant imbalance where available inventory substantially exceeds buyer commitments. Median days on market extended by 11.6% year-over-year, suggesting properties are spending more time on the market before an offer is accepted.

Historical Analysis

Market Trends

Median Price

$810K+0.6% MoM

Active Inventory

492+14.9% YoY

Days on Market

82+11.6% YoY

Sold Score™

22-2.4% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

22
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 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

With a pending ratio of 0.18 and a 14.9% year-over-year increase in active listings, demand absorption is severely lagging supply. This environment suggests that properties are experiencing extended market durations, which is likely to necessitate greater price discipline from sellers to facilitate transactions.

Luxury Segment

The average listing price decreased by 2.7% year-over-year, contrasting with a 2.2% increase in the median listing price. This divergence, coupled with a 2.6% year-over-year increase in median $/sqft, suggests some softening at the higher price tiers despite overall market price growth.

Supply Dynamics

492 active listings represent the current floor, with new supply arriving at roughly 96 per month.

Pricing Pressure
19.4%

of active listings carry a price reduction, -1.3% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +2.6% year-over-year.

Absorption
0.18

Pending-to-active ratio — Very Weak.

Recommended For This Market

Very Weak

Selling in Ellensburg, WA? Homes here are taking 8 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
18%
Median Days on Market
82 days
Inventory YoY
+15%

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