Metropolitan market · Washington · September 2026 data

What is the Ellensburg, WA real estate market doing?

As of September 2026, the median home listed in Ellensburg, WA asks $799,495, up 2.8% year over year. Homes spend a median of 93 days on market, with 491 active listings and 20% carrying a price cut; pending contracts equal 14% of active listings, and inventory sits at 260% of the same month in 2019 — a buyer's market. Figures come from public records and industry data, updated monthly.

Median listing price
$799,495
▲ 2.8% YoY
Median $ / sq ft
$426
2,091 sq ft median
Median days on market
93
September 2026
Active listings
491
For sale now
New listings
92
September 2026
Listings with price cuts
20%
Share of active
Inventory vs 2019
260%
Same month, 2019 = 100
Pending / active
14%
Contract activity
Median sale price (closed)
$630,000
▲ 5.2% YoY · closed sales · July 2026
Sale-to-list ratio
97.2%
Closed sales · July 2026, seasonally adjusted
Homes sold / month
83
Closed sales · July 2026, seasonally adjusted

What is the Ellensburg, WA housing market doing right now?

The Ellensburg, WA housing market lists at a $799,495 median as of September 2026, up 2.8% year over year, with a 93-day median market time and 491 homes for sale (20% with a price cut). Active inventory is 260% of the 2019 level, reading as a buyer's market under WealthyBud's published buyer/seller rule.

Ellensburg housing market statistics

The table summarizes Ellensburg's key housing figures for September 2026 — median listing and closed-sale prices, market pace, inventory and rental yield — each computed from public records and industry data. Closed-sale figures are Redfin's July 2026 data, the latest settled month Redfin reports for Ellensburg.

Ellensburg, WA housing market at a glance — September 2026
MetricLatestDetail
Median listing price$799,495+2.8% YoY
Median price per sq ft$4262,091 sq ft median
Median days on market93+14% YoY
Active listings491+34% YoY
New listings this month92September 2026
Listings with a price cut20%Share of active
Median sale price (closed)$630,000+5.2% YoY · closed sales, July 2026
Sale-to-list ratio97.2%Closed sales, July 2026, seasonally adjusted
Pending-to-active ratio14.4%71 pending
Inventory vs 2019260%Active listings vs same month in 2019

How have home prices changed in Ellensburg?

Ellensburg home prices are up 2.8% year over year and -1.3% month over month as of September 2026, at a $799,495 median listing price. The chart tracks the trailing eight-quarter trend in the metro's median asking price.

$855K$816K$777K$738K Q4'24Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26Q3'26

Median listing price, Ellensburg WA · trailing 8 quarters · source: public records and industry data.

The 10-year view
$840K$735K$630K$525K '17'18'19'20'21'22'23'24'25'26

10-year median listing price, Ellensburg WA · June of each year, 2017–2026 · source: public records and industry data.

How much inventory is on the market in Ellensburg?

Ellensburg has 491 active listings, 92 new this month, 71 pending as of September 2026. About 20% of active listings have cut their price, and inventory sits at 260% of its 2019 level — a buyer's market by pace.

Active listings
491
New this month
92
Pending
71
Price-reduced
97

Is Ellensburg a good real estate investment?

Ellensburg scores 12/100 on WealthyBud's composite Investor Score, ranking #931 of 933 covered U.S. metros as of September 2026. The score blends price momentum, value, rental yield, supply and market heat into one percentile. It is a research opinion, not advice.

Investor Score
12/100
#931 of 933 covered metros
12-month outlook
-6.2%
▼ Cooling · model output, not advice
Momentum
37
Value
2
Rental yield
2
Supply risk
99
Market heat
15

Ellensburg scores 12/100 on our composite Investor Score (#931 of 933 covered metros), a percentile blend of momentum, value, rental yield, supply and market-heat readings; active inventory sits at 260% of its June 2019 level, so supply is fully rebuilt past pre-pandemic norms; listing prices are up 2.8% year over year; all against a national 30-year fixed mortgage rate of 7.28% (national weekly average, 2026-10-01).

Scores are percentile ranks (0–100) across all covered U.S. metros, computed from the public data cited on this page — formulas here. They are data-derived opinions, not investment advice. See how Ellensburg ranks on the trending markets index.

How much is a monthly mortgage payment in Ellensburg?

A home at Ellensburg's $799,495 median listing runs about $4,376 a month in principal and interest — 20% down on a 30-year fixed loan at the current 7.28% national average rate. Taxes, insurance and HOA are extra.

If rates fall 1% · 6.28%
$3,951/mo
−$426/mo vs today
At today's rate · 7.28%
$4,376/mo
National weekly average
If rates rise 1% · 8.28%
$4,819/mo
+$442/mo vs today

Principal & interest on the $799,495 median listing with 20% down and a 30-year fixed loan — excludes taxes, insurance and HOA. Current rate: 7.28% (national weekly average, 2026-10-01). Model a full deal in the deal analyzer.

How much income do you need to buy a home in Ellensburg?

To buy Ellensburg’s $799,495 median listing with 20% down, a household needs about $208,000 a year in gross income, keeping principal, interest and property tax ($4,849/mo) at 28% of income. That is 3.0× the area’s $69,928 median household income, so a typical Ellensburg household cannot afford the median listing on these terms.

Income needed to buy the median home in Ellensburg, WA — September 2026
ItemAmountBasis
Median listing price$799,495September 2026
Down payment (20%)$159,899Assumption
Principal & interest (7.28%, 30-yr fixed)$4,376/moRate as of 2026-10-01
Property tax (0.71% effective rate)$473/moCensus ACS
Income needed (28% rule)$208,000Gross household income / yr
Median household income$69,928Census ACS 2023 ACS 5-year

Excludes homeowners insurance, HOA dues and mortgage insurance, so the true income needed is higher. Compare every market in the income-needed ranking and the price-to-income ranking.

What is driving the Ellensburg housing market?

Longer-run demand in Ellensburg shows up in 288 homes permitted in 2025; net migration of +333 residents. Natural-hazard risk rates Relatively Moderate. These federal supply-pipeline, migration and jobs signals shape where prices head next.

Building permits (2025)
288
▼ 33.5% vs 2024
6.4 per 1,000 residents
Net migration (2022–2023)
+333
▲ people, via tax-return records
net income flow +$63.5M/yr
Natural-hazard risk
Relatively Moderate
National hazard index · top hazard: Wildfire

Based on public government records — building-permit, tax-return migration, employment and natural-hazard statistics, aggregated to the metro. Details on /methodology.

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Ellensburg housing market FAQ

What is the median home price in Ellensburg?
As of September 2026, the median listing price in Ellensburg, WA is $799,495, up 2.8% year over year (source: public records and industry data). Figures cover the Ellensburg, WA metro area.
How much does it cost to buy a home in Ellensburg?
The median home listed in Ellensburg asks $799,495 as of September 2026. With 20% down on a 30-year fixed loan at the current 7.28% national average rate, that runs about $4,376 a month in principal and interest, before taxes, insurance and HOA.
How fast are homes selling in Ellensburg?
The median property in Ellensburg spends 93 days on the market, with 491 homes actively listed and 20% of them carrying a price cut — a buyer's market as of September 2026.
Is it a buyer's or seller's market in Ellensburg?
With a median 93 days on market and 20% of active listings carrying a price cut, pending contracts at 14% of active listings, Ellensburg reads as a buyer's market as of September 2026. Labels use WealthyBud's published DOM / sale-to-list / price-cut / pending rule. Conditions shift monthly.
Is Ellensburg a good place to invest in real estate?
Ellensburg scores 12/100 on WealthyBud's Investor Score, ranking #931 of 933 covered U.S. metros as of September 2026. The score blends price momentum, value, rental yield, supply and market heat. It is a data-derived research opinion, not investment advice.
Who are the top real estate agents in Ellensburg?
See WealthyBud directories for the top-producing agents, teams and brokerages serving Ellensburg and the wider Washington market, ranked by recent sales from public profile data.
Based on public records and industry data, September 2026 — see our methodology for how every figure is computed. Figures cover the Ellensburg, WA metro area. Figures change monthly — verify current conditions with a local agent or MLS. Portions of market data courtesy of Realtor.com and Redfin; additional statistics from U.S. government sources.

More Washington housing markets

Priya Nandakumar Housing Economist

Priya Nandakumar is a housing economist who tracks national and regional housing-supply trends, mortgage rates and affordability using public Census and housing-starts data. She translates federal housing releases into metro-level takeaways for buyers and investors.

Editorial persona: WealthyBud bylines are editorial personas, not real individuals. Pages are produced by the WealthyBud research team from the public data cited on each page.